[Webinar Recording] Accounting for Nonprofit Grants and Contributions - UST
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Last year, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2018-08, which clarifies the accounting guidelines for contributions received and contributions made—focusing on the grants and contracts awarded by the government and other entities to nonprofit organizations.
You can now listen to the webinar on-demand to learn how to determine if an asset received should be accounting as a contribution or as revenue from customers.
This on-demand webinar will explore how to:
- Distinguish between reciprocal (exchange) versus nonreciprocal (contribution) transactions.
- Determine whether a contribution is conditional.
- Dictate when these amendments should be applied.
- Decipher the three scenarios that illustrate the possible differences that may affect how the standard will impact your organization.
This webinar is part of UST’s efforts to educate the nonprofit sector. For more learning opportunities, tips and legal updates just for nonprofits, sign up for our monthly e-News today!