Description
This session will walk through several case studies in applying GAAP to complicated funding arrangements. The session will start with determining which GAAP to apply (exchange, contribution, other), timing and amounts of revenue recognition, and classification as unrestricted or donor-restricted for contributions and timing and amounts of release of restriction.
Learning Objectives:
- Understand how to consider the type of contribution received
- Determine the accounting treatment for complicated funding arrangements
Speaker(s):
