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.
Registration, Networking and Breakfast
Welcome and Introduction
by James Quaid
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
Questions & Answers