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AICPA Not-for-Profit Industry Conference 2021

NOT21101 - Introduction to Contribution and Grant Accounting

Jun 2, 2021 10:00am ‐ Jun 2, 2021 11:40am

Standard: $79.00


This session will review the contribution revenue accounting standard for nonprofit organizations under topic 958-605, including the recent clarified guidance in ASU 2018-08.  This will be a primer on contribution and grant accounting. We will also review how to effectively audit contribution transactions and discuss key audit procedures.

Learning Objectives:
  • Understand accounting for nonreciprocal transactions accounted for under topic 958-605
  • Understand how to effectively audit contribution transaction and key audit procedures


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