Don’t Count Your Chickens Before They’ve Hatched: An Explanation of the New Revenue Recognition Standards for NFPs
Who Should Attend:
Board and Audit Committee Members
Don’t count your revenue before understanding how the new revenue recognition standards affect nonprofits. This presentation will review ASC 606 and the new contributions standard and share practical tools and tips on implementation.
- Understand the requirements of FASB’s Accounting Standards Update (ASU) 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made and ASC 606
- Understand certain accounting transactions under the new standards
- Review implementation considerations that may allow you to apply the revenue recognition standards efficiently
Johnson Lambert LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE sponsors through its website: www.nasbaregistry.org
NASBA Sponsor # 106688
New Jersey Sponsor # CE 2158
Texas Sponsor # 009673
Refund Policy: No refunds will be issued as this course is complimentary.
Complaint Resolution Policy: To register a complaint contact Denise Wells at [email protected] or 847-230-9760.
As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for one credit toward your CAE application or renewal professional development requirements.
Note: This program is not endorsed, accredited, or affiliated with ASAE or the CAE program. Applicants may use any program that meets eligibility requirements in the specific time frame towards the exam application or renewal. There are no specific individual courses required as part of the applications – selection of eligible education is up to the applicant based on his/her needs.