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NOT2021
Deep Dive: New Revenue Recognition Guidance for Grants and Similar Contracts (ASU 2018-08): Part I
Date
June 23, 2020
$49
Standard Price
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This includes sessions from the conference: AICPA Not-for-Profit Industry Conference 2020
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
- Recall the new accounting guidance for grants and similar contracts
- Apply the new guidance to different types of grants and contracts
- Identify the effective date of the changes
Speakers
Sharon Heinle, CPA, CGMA
Associate Vice President & Controller, George Mason University
Partner / Nonprofit and Education, Forvis Mazars
Shareholder, Clark Nuber P.S.
General
Session Categories
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