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AICPA Not-for-Profit Industry Conference


NOT2016 - Deep Dive in to New Guidance for Grants and Similar Contracts (ASU 2018-08)


Jun 9, 2020 9:05am ‐ Jun 9, 2020 10:20am

Description

This session will be a deep dive into the ASU. It will provide a detail walkthrough of categorizing grants/contracts as either exchange transactions (contracts with customers under ASC 606) or contributions (nonexchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will include several examples for apply the guidance with recipients and resource providers.

Learning Objectives:
  • Recall the new accounting guidance for grants and similar contracts
  • Apply the new guidance to different types of grants and contracts
  • Identify the effective date of the changes

Speaker(s):

Category: Concurrent Session (Onsite and Online)

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