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Exchange Transactions vs. Contribution for NPOs

  • 06/14/2023
  • 8:30 AM - 10:30 AM
  • Webinar - CPA Crossings



Recently issued accounting standard updates provide important clarifications for determining whether a not-for-profit (NFP) organization's transactions are an exchange transaction or a contribution. This course will provide those responsible for preparing financial statements for NFPs examples of the proper accounting for exchange transactions covered by ASU No. 2014-09 versus contributions covered by ASU No. 2018-08.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to:

  • Identify whether a transaction affecting a NFP organization is an exchange transactions or a contribution
  • Recall core concepts fundamental to determining if a contribution is restricted or conditional
  • Recognize recent clarifications to improve the accountant ability to determine if a contribution is conditional or unconditional
  • Recall significant new requirements of ASU Nos. 2014-09 and 2018-08
                        Program Content:

                                      The major topics that will be covered in this class include:

                                      • Key changes from recent accounting standard updates affecting the determination of an exchange transaction versus a contribution
                                      • Enhanced disclosure and reporting requirements for contributions
                                      • Clarifications related whether a contribution is restricted or conditional
                                      • New definitions related to barriers and right of return or right of release related to conditional contributions
                                      • Other important matters contained in ASU Nos. 2014-09 and 2018-08

                                                                                  Designed for: Anyone responsible for accounting and reporting on NFP organizations financial statements as well as those responsible for reviewing and auditing these statements.

                                                                                  Level: Basic

                                                                                  InstructorDaniel W. Bradley, CPA

                                                                                  Developer: Daniel W. Bradley, CPA

                                                                                  CPE Credits:  2

                                                                                  Area of Study: Accounting (Governmental)

                                                                                  Prerequisite: None

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