Overview

“When can we take credit for revenue on our statement of activities?”  This seemingly simple question is actually quite complex. Most not-for-profits have to navigate the application of accounting rules for a variety of grants, contracts, contributions, and earned income revenue streams. As a result, it is very common for not-for-profits to have errors and audit adjustments related to revenue recognition.

In this session, we will cover the key concepts that not-for-profit executives should understand in order to have confidence that their organization’s revenue recognition methods will withstand scrutiny. Attendees will learn the proper accounting treatment for not-for-profit revenue streams, how to identify donor restrictions, and understand conditional contributions.

Join us for an informative session and be ready for your next audit!

Learning Objectives

At the end of this course, the attendee will be able to:

• Articulate the proper accounting treatment for not-for-profit revenue streams
• Identify donor restrictions and conditional contributions