
Revenue Recognition Deep Dive: Contributions and Exchange Transactions (NOT2612)
This session will begin with a concise overview of the revenue recognition framework applicable to both contributions and exchange transactions.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1.5
Author(s)
Kelly Rancourt, Paul Preziotti
Availability
1 year
Product Number
BLIBOCRRD26SSO
This course can also be purchased as part of the Best of the AICPA Not-for-Profit Industry Conference Bundle.
Join an in-depth session on advanced revenue recognition topics, focusing on both contributions and exchange transactions.The session will begin with a concise overview of the revenue recognition framework applicable to both contributions and exchange transactions. Following this, attendees will analyze complex and unique revenue recognition case studies, including examples involving contributions, contracts with customers, and more.
Who Will Benefit
- CPAs, CGMA designation holders, accountants, consultants, tax advisers, auditors and other financial managers with not-for-profit clients
- NFP financial executives, including CFOs, CEOs/executive directors, controllers, directors of finance and board trustees
- Fiscal managers and staff at not-for-profits
Key Topics
- Start by Determining: Contribution or Exchange Transaction?
- ASC 606 Five-Step Revenue Recognition Model
- Performance Obligations Require Judgment
- Contribution Revenue: Conditional vs. Unconditional
- Grants Are the Biggest Area of Complexity
Learning Outcomes
- Differentiate between the revenue recognition models for contributions and exchange transactions.
- Analyze various case studies involving complex and unique revenue recognition scenarios.
Group ordering for your team
2 to 5 registrants
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