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Special Funder & Nonprofit Learning Session: FASB Update on Accounting for Grants and Contributions
September 18, 2019 @ 9:30 am - 11:00 am
FASB recently issued an accounting standards update (ASU) 2018-08 to clarify and improve the scope and the accounting guidance for contributions received and contributions made. The amendments in this Update assist entities in (1) evaluating whether transactions should be accounted for as contributions (nonreciprocal transactions) or as exchange (reciprocal) transactions subject to other guidance and (2) determining whether a contribution is conditional. WRAG and the Center for Nonprofit Advancement invite their members to a special learning session with GRF CPAs & Advisors who will discuss the mechanics of the update, provide examples, address implementation, and answer any questions.
This session will be led by:
Ricardo Trujillo, CPA , CITP, CISA, Nonprofit Audit Partner, GRF CPAs & Adivsors
Tricia Katebini, CPA, MBA, Nonprofit Audit Senior Manager, GRF CPAs & Adivsors
FREE for Center and WRAG Members
$90 for All Others