NOT1922. Deep Dive Into New Guidance for Grants and Contracts - ASU 2018-08

Field of Study: 
Accounting
CPE Credit: 
1.5

Tuesday, June 11, 2019
 
9:20AM-10:35AM

This session will be a deeper dive into the ASU, beyond what is covered in the GAAP Update session. 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 with recipients and resource providers.

Learning Objectives:

  • Identify the key requirements of ASU 2018-10
  • Apply the new guidance to different types of grants and contracts
  • Distinguish between contributions and exchange transactions


SESSION SPEAKER(S)

CPA, CGMA
Supervising Project Manager | FASB
CPA, CGMA
Shareholder | Clark Nuber PS
CPA, CGMA
Associate Vice President & University Controller | George Washington University