- NY Credits : 1.0
- TX Credits : 1.0
Jennifer Louis, CPA will outline the differences between contributions and exchange transactions, and why revenue recognition particularly is challenging for not-for-profit organizations. She will discuss the implementation of ASU 2014-09, Revenue from Contracts with Customers, and how nonprofit revenue recognition will be clarified by the new revenue recognition model. Jennifer will examine specific revenue recognition topics such as special events and fundraising dinners before closing the program with a look at time/purpose restrictions on contributions, promises to give, and split interest agreements.
Upon completion of this chapter, the user should be able to:
recognize the difference between contributions and exchange transactions.