NOT2138. Not-for-Profit Revenue Recognition - Lessons Learned

Recent new standards have changed the way that not-for-profit organizations analyze, recognize and disclose their various revenue streams.  This session will provide an overview of these standards using real-life examples and how they impacted not-for-profit organizations, including a summary of the challenges and "lessons learned" that some organizations encountered.

Learning Objectives:

• Identify the key accounting and disclosure requirements of revenue recognition standards applicable to not-for-profit organizations
• Distinguish between contributions and exchange transactions, as well as the related accounting requirements