Logic over Luck: Revenue Recognition for Nonprofits
Date: March 27th, 2024 @ 12 pm EST
Revenue recognition involves a lot more than the luck of the draw, as characterizing grants and contracts as exchange transactions or contributions can seem downright illogical at times! If you’re looking for some clarity, join us as we review current accounting guidance and dissect common challenges and complexities within the world of revenue recognition for nonprofits.
Who Should Attend: Nonprofit executives, board members, or finance staff who are new to managing or providing financial services for nonprofit organizations, or who would like a refresher on revenue recognition.
Learning Objectives:
- Review the current guidance on accounting for revenue from contracts with customers versus accounting for contributions.
- Summarize indicators for determining how to distinguish exchange transactions from contributions.
- Identify common challenges and complexities in revenue recognition of contracts, awards and contributions.
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