On-Demand

1 CPE

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

On-Demand
1 CPE

This course is delivered as a recorded video. After completing all sessions, you must pass the final exam with a minimum score of 70% to receive credit.

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.

Learning Objectives

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

Major Topics

  • 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

CPE Credits Available

1 CPE
1
Accounting (Governmental)

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting & Auditing
  • Governmental

Prerequisites

Some introductory background in not-for-profit accounting

Advanced Preparation

None

Intended Audience

Not-for-profit industry professionals and auditors

Provider

Surgent CPE

Purchase This Course

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  • COCPA Non-Member

    $ 64 64
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