Surgent's How Not-for-Profits Account for Grants and Contracts Under ASU No. 2018-08

Overview

This course is designed to help you proceed and succeed in applying the requirements found in ASU No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Learn the thought process used in evaluating and recording contribution transactions.

Highlights

• Evaluating whether transactions should be accounted for as contributions or as exchange transactions
• Determining whether a contribution is conditional or unconditional
• Become comfortable with the new barrier and right of return/right of release terminology

Prerequisites

Some introductory background in not-for-profit accounting

Designed For

Not-for-profit industry professionals and auditors

Objectives

• Understand the steps involved in applying ASU No. 2018-08
• Recognize how the new contribution guidance interacts with the old contribution guidance

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.