Grants and Contracts: Implementing the New ASU Standard


ASU 2018-08 provides a more robust framework for determining whether a transaction should be accounted for as a contribution or grant or as an exchange transaction. This webinar will cover the requirements of the new ASU and will provide examples of the changes organizations might see as a result of implementation. 

Because of participating in this session, you should be able to: 

  • Identify the requirements of ASU 2018-08 and how it clarifies existing guidance for recognition of contributions and grants 
  • Discuss how transactions might be recorded differently under this new standard 
  • Recognize how the requirements of this update may apply to your organization