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AICPA Not-for-Profit Industry Conference 2020

NOT2025 - Deep Dive: New Revenue Recognition Guidance for Grants and Similar Contracts (ASU 2018-08): Part II

Jun 23, 2020 12:05pm ‐ Jun 23, 2020 12:55pm

Standard: $49.00


These sessions (parts 1 and 2) 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 and common implementation questions, including application to Paycheck Protection Act forgivable loans.

Learning Objectives:
  • Understand the key principles of ASU 2018-08
  • Apply the new guidance to different types of grants and contracts
  • Understand common implementation questions that arise and how to think through the answer.


  • Richard Cole, CPA, CGMA, Partner / Nonprofit and Education, FORVIS
  • Sharon Heinle, CPA, CGMA, Associate Vice President & Controller, George Mason University
  • Andrew Prather, CPA, CGMA, Shareholder, Clark Nuber P.S.
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Category: Concurrent Session (Online)

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