Diversity in practice and the heightened focus on revenue recognition with the adoption of Topic 606 have led the Financial Accounting Standards Board to clarify the guidance relative to accounting for grants and contributions, which could be significant for not-for-profit organizations, including health care providers. Join BKD for a complimentary webinar on Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. We’ll provide an overview of the standard, explain how the clarification is affecting the accounting and financial reporting for entities with these arrangements and discuss how organizations and providers are tackling the significant analysis and documentation required in implementing this guidance.

Learning Objectives

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

  • Identify the requirements of ASU 2018-08 in distinguishing between an exchange transaction and a contribution and the disclosure requirements for conditional contributions

  • Demonstrate how to apply the standard through examples

  • Describe the practical ways organizations are implementing the new standard and communicating the changes to key stakeholders

CPE Information

Archive // Not CPE eligible


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