Speaker: Paul Calabrese, Principal, GRF CPAs & Advisors

This session will show you how to build an indirect rate using one of the most widely used indirect cost rate proposal templates for the U.S. Department of Health and Human Services (HHS).can be complex.

• Have I received a contribution or an exchange transaction?
• I believe I received a contribution, but is it conditional or unconditional?
• When do I record it and how?
• We’ll walk through the differences between contributions vs. exchange transactions.
• Take a deeper dive into donor-imposed conditions and restrictions, and how to identify them.
• We’ll also go over the 5 steps under ASC 606 applicable for exchange transitions.