The new standard clarifying the scope and accounting guidance for contributions received and contributions made, FASB’s ASU 2018-08, is effective in 2019 for contributions received and in 2020 for contributions made.

The new standard helps entities evaluate two important issues: 1) whether transactions should be accounted for as exchange (reciprocal) transactions or as contributions (nonreciprocal) transactions; and 2) determining whether a contribution is conditional. These important amendments apply to all entities, including business entities, that receive or make contributions of cash or other assets.

To keep you ahead of the amended rules in ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made, we are conducting an in-depth seminar to provide implementation guidance to help you apply these clarifying rules to your contribution transactions. This session will include examples and best practice recommendations.

EVENT DETAILS

Register: cnrevrecwebinar.eventbrite.com

Cost: $10

CPE Credits: 1.5 technical

Webinar Link: once registered, you will receive a link to the webinar two business days prior to the event – check your spam folders!

PRESENTERS

Andrew Prather, CPA, Shareholder, Audit & Assurance

Deby MacLeod, CPA, CGMA, Shareholder, Audit & Assurance