Pennsylvania: Revenue Recognition
In an effort to provide a more robust framework to address revenue issues and to improve the comparability of revenue recognition practices across all entities, the Financial Accounting Standards Board (FASB) created a new topic in the Accounting Standards Codification (ASC) known as Topic 606, Revenue from Contracts with Customers, and issued Accounting Standards Update (ASU) 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Sometime during the 2019 calendar year, all not-for-profit entities will be required to implement these two accounting pronouncements. This course will discuss these pronouncements and how they will impact not-for-profit organizations.
Course Objective: To provide not-for-profit management and board members an overview of ASC 606 and ASU 2018-08 and how they will impact their organizations.
Learning Outcomes: Participants will be able to:
- Discuss the main provisions of ASC 606 and ASU 2018-08
- Explain how these pronouncement will impact not-for-profit organizations
2.5 CPE credits in Accounting
Amy MacFadyen, Director, EisnerAmper LLP
Jimmy Mo, Partner, EisnerAmper LLP
Date:Wednesday, May 08, 2019 8:15 AM to 11:00 AM ET
One Logan Square
130 North 18th Street, Suite 3000
Philadelphia, PA 19103