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Health Center Accounting: A Refresher on Grants & Contributions

March 28, 2024 Register Today
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CHCs have had many opportunities to practice accounting for grants and contributions since implementing ASU 2018-08. Now that the newness has worn off, let’s revisit the key concepts in Topic 958-605 as they relate to grant and contribution accounting. In this informative webinar, we'll apply the standard to real grant and contribution awards received by CHCs. Reaching the conclusion of whether an award represents an exchange transaction, is conditional, or has donor-imposed restrictions is only the first step. The presenters will spend time illustrating journal entries for each grant and contribution award covered. An updated handout will be utilized for the examples and provided to participants to aid them in evaluating their own grants and contributions and applying their knowledge through proper accounting.

Learning Objectives

Upon completion of this program, participants will be able to:

  • Identify exchange transactions from contributions.
  • Distinguish between donor-imposed conditions and donor-imposed restrictions.
  • Recall appropriate financial statement presentation and disclosure, including journal entries required, based on the conclusion under Topic 958.

CPE Information

1.50 CPE Credit (pending approval)

One and a half CPE credit (pending approval) in the Accounting field of study may be awarded upon verification of participant attendance, during live broadcast.

Fields of Study

Who's This For

CFOs, controllers, and grant accountants


Prerequisites

None


Delivery Method

Group internet-based. Each attendee must be logged in and answer the poll questions in order to receive CPE credit.


Refund Policy

There is no fee associated with this event.


Program Level

Basic


Advanced Preparation

None

CPE NASBA Logo

If you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at cpecompliance@forvis.com.

FORVIS, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Presenters

Ally Jackson, Dylan Lyon