Events A Closer Look: FASB’s New Revenue Recognition Standards

12.10.19 8:00am - 10:30am
Chicago Yacht Club - Monroe Harbor
400 E. Monroe Street
Chicago, IL 60603

Contact
Carlo Calma
Marketing & Business Development Manager
312.670.6276
ccalma@orba.com

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Navigating the changing landscape of revenue recognition can be a challenge, particularly in light of the Financial Accounting Standards Board’s (FASB) massive overhaul.

Recent guidelines, like Topic 606, have been implemented for all entities, paving the way for ASU 2018-08. This update clarifies the guidance of Topic 606 and its impact on not-for-profit organizations, as well as expands the guidance on the proper accounting for contributions received and contributions made. Implementation of this clarified guidance is effective now for most not-for-profit organizations.

Join us for our free breakfast seminar as ORBA’s Alison Fetzer and Barbara Miller take a closer look at how these rules will affect your not-for-profit organization’s accounting for revenue recognition and your audited financial statements.

Seats are limited.  Please register by end of day Friday, December 6.

Agenda

8:00-8:30 a.m.

Registration, Networking and Breakfast

8:30-8:35 a.m.

Welcome and Introduction

by James Quaid

8:35-10:15 a.m.

Implementing ASU 2018-08:

Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made

by Alison Fetzer

Topic 606: Revenue from Contracts with Customers

by Barbara Miller

10:15-10:30 a.m.

Questions & Answers

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