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Not for Profit GAAP Update

  • 08/04/2021
  • 9:00 AM - 10:51 AM
  • Webinar-ACPEN


This course does a deep dive into revenue recognition for nonprofit entities. Attendees will be engaged through case studies to determine whether a transaction is a contribution or exchange transaction as well as whether a stipulation is a condition that impacts recognition. The course will also cover some additional guidance FASB has provided on cost sharing as well as whether a requirement to follow a budget represents a condition. We then switch gears and look to standards directly impacting nonprofits including collections, gifts in kind, and goodwill. The course closes with a look at how nonprofits will account for PPP loans and how they can leverage ASU 2018-08 for accounting and financial reporting.


  • Recognize changes to nonprofit financial reporting
Topics Discussed:
  • Accounting
  • Non-profit entities
Designed for: Practitioners serving nonprofit organizations

Level: Update

Instructor: Melisa Galasso

Developer: Galasso Learning Solutions

CPE Credits: 2

Area(s) of Study: Accounting (Governmental) - Technical

Prerequisite: Prior experience with NFP financial reporting

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3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us: 

 (701) 775-7111
or (877) 637-2727

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