Grants and Contracts: Implementing ASU 2018-08

Webinar recording

This session will be a deep dive into Accounting Standards Update (ASU) No. 2018-08. It will provide a detailed walk-through of categorizing grants and contracts as either exchange transactions (contracts with customers under ASC 606) or contributions (nonexchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will include several examples and implementation guidance for not-for-profit organizations to prepare for and manage the impacts of ASU 2018-08 to their financial statements.
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