ASU 2018-08 has created several operational issues for both granting organizations and those that receive contributions. Discussions between granting organizations, their recipients and auditors from both organizations have become more common as all parties seek to agree upon consistent accounting between entities. Organizations have also looked for ways to modify grant terms to result in desired accounting treatments.
Understand how to consider barriers and the related accounting implications of ASU 2018-08.
Determine consideration points that could drive different accounting answers under this standard.