While many nonprofits have already adopted ASU 2014-19, Revenue from Contracts with Customers (Topic 606), this still may be on the horizon. This session will provide implementation tips, examples, and best practices for the adoption of the new revenue recognition standard. Through the sharing and discussion of examples, the session is designed to assist entities implementing the standard in a manner that is most meaningful to their operations and helpful to the users of their financial statements.
Identify best practices for implementing the new revenue recognition standard.
Formulate strategies regarding the efficient and effective implementation of the new revenue recognition standard.