Attend upcoming webinar and earn continuing education credits. Accounting for Contributions, Donations, Pledges, and Grants to Not-for-Profits (FASB ASC 958) | | | | | | | October | | 16 | 3 pm - 4:15 pm ET | | Presenter: Neely Duncan, audit partner at Lane Gorman Trubitt, LLC | | Credits: CPE (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time after the live presentation, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | In this course, you will learn how to properly account for contributions, donations, pledges and grants to non-profits. You will learn how to: - Identify the critical differences between support and revenue
- Describe how a verifiable promise differs from an intent to contribute
- Properly account for conditional or restricted awards
- Properly record noncash contributions
Course Outline - Standards and guidance that apply
- FASB ASC 958--Not-for-Profit Entities
- Pending revisions to OMB grants management guidance
- Chap. 5 of AICPA's Not-for-Profit Entities Audit and Accounting Guide
- Practical issues that arise with contribution and grant accounting
- Support vs. revenue
- Promise vs. intent
- Conditional and restricted contributions
- Contribution recorded in right year, in right amount
- Proper disclosures
- When to record non-cash contributions
- Complex scenarios involving non-profits
| | | | | | | Neely Duncan, CPA, CFE, FCPA, is an audit partner at Lane Gorman Trubitt, LLC, where she focuses on not-profit audit, tax, and consulting engagements. Ms. Duncan also performs forensic work related to various cases. In addition to handling the accounting and audit needs of her clients, she advises clients on operational efficiencies and governance issues. She is a graduate of Old Dominion University. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 1,300 on-demand courses | | | | | October 26 & 27 at 1 pm ET | | | | | |
No comments:
Post a Comment