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Our not-for-profit accounting and revenue recognition seminar will overview of the new FASB standards ASC 606 and ASU 2018-08 and contributions.

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

Wednesday, May 08, 2019 8:15 AM to 11:00 AM ET

EisnerAmper LLP
One Logan Square
130 North 18th Street, Suite 3000
Philadelphia, PA 19103