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 for the event 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
