Do you know how the new revenue recognition standards will affect not-for-profit financial reporting? During this webcast, you will learn how to apply two new standards: FASB ASU 2014-09 Revenue from Contracts with Customers (Topic 606) and FASB ASU 2018-08 Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.

Industry experts will walk you through the new standards. With detailed examples, you will learn when transactions are reciprocal and nonreciprocal under the new guidance. Lastly, the webcast will explain how the standards will affect recognition of amounts received under transactions that are frequently encountered in NFPs.