The CPEA revenue recognition series: NFP entities - part II

Part I, Part II, Part III, and Part IV of our revenue recognition series detail the specific requirements of FASB ASC 606 and provide practical guidance on various implementation issues. Other more broad revenue recognition issues for all not-for-profit (NFP) entities were covered in a January 2016 report. Readers should familiarize themselves with these reports, as applicable, as well as FASB ASC 606. This report does not address all aspects of the new revenue recognition framework. Rather, this report covers