Speaker: Mark Robins, CPA, Partner, Aprio, LLC.

The accounting for not-for profit revenue recognition 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.  After attending this session you will have a better understanding of these accounting standards.