WEBINAR: Revenue Recognition for Nonprofits: A Practical Perspective
May 3 @ 1:30 pm - 2:30 pm
Faculty: Ian Shuman, GRF CPAs & Advisors
Do the accounting rules for nonprofit grant agreements, contributions and other contracts seem arbitrary and confusing? These rules are a few years old now but can be mysterious since agreements with funders don’t often fit neatly into clear pre-defined categories. Join us as we review these rules and how to apply them. We will spend the bulk of the class walking through real-life examples to illustrate how to identify and account for exchange contracts, conditional contributions, restricted contributions, and multi-year grants.
In this session we will share examples to show you:
- How to distinguish between exchange transactions and contributions
- Howe to identify conditions and restrictions
- When to record the revenue for all of these scenarios