NOT1964. Contributions: Accounting Dos and Don'ts

Track: 
Accounting & Auditing
Field of Study: 
Accounting
Auditing
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Wednesday, June 12, 2019
 
10:55AM-12:10PM

With all of the upcoming revenue recognition changes occurring in the industry, including ASU 2018-08 on contributions and grants, now is the time to discuss one of the most significant items in a NFP financial statement - contributions. Contributions can vary widely based on the type of NFP, fundraising techniques and donor sophistication. In addition, donor restrictions, conditions, planned giving/split interest concepts, and misunderstandings within the internal team (Development vs. Accounting) may add further complexity. This session will walk through several contribution concepts and examples to pride 'do' and 'don't' suggestions for your NFP.

Learning Objectives:

  • Apply technical accounting concepts to contributions within their NFP
  • Determine proper treatment of various types of gift instruments
  • Use the skills learned to improve the understanding of contribution complexities within their NFP


SESSION SPEAKER(S)

CPA, CGMA
Partner | Crowe LLP
CPA
Partner | Crowe LLP