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Nonprofit accounting for exchange transactions are difficult. Recent accounting standards such as ASC (Accounting Standards Codification) 606 add to the complexity. This course shows you how to assess transactions with customers using a five-step approach. You may need to consider multiple additional considerations within these steps depending on the nature of the transaction.
Join Mark Robins as he guides you through the differences between contributions and exchange transactions, accounting for donor-imposed conditions and restrictions, and ASC 606 – revenue from contracts with customers.
- Recall differences between contributions and exchange transactions.
- Identify donor-imposed conditions and restrictions on contributions.
- Recall the five-step approach required to recognize revenue under ASC 606.
Click this Zoom link to register for this session. Respond to 75% of the poll questions asked during the webinar to earn the full CPE credits.
Participants will earn 1.8 CPE credits.
Field of Study: Accounting
Who Should Attend: CPAs, controllers, financial officers, project managers, management executives, and grants management specialists
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Internet Based
No Fee: For more information regarding concerns and program cancellation, please contact our offices at 301-231-6200
Aronson LLC 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.