ASU - Revenue from Contracts with Customers and Guidance for Contributions Received

AAFCPAs

In this session, AAFCPAs’ Nonprofit Audit Leaders Matt Hutt, Katie Belanger, and Olga Yasinnik will provide key considerations and best practice recommendations related to the implementation of new accounting standards, including: Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14, Topic 958); Leases (ASU 2016-02, Topic 842); Revenue from Contracts with Customers (ASU 2014-09, Topic 606), and Clarifying the Scope and the Accounting Guidance for Contributions Received and Contribution Made (ASU 2018-08, Topic 958); Financial Instruments — Credit Losses (ASU 2016-13, Topic 326); and other updates on the horizon.