2018 Conference Schedule

Wednesday, December 05, 2018

1st Afternoon Mini Sessions

Revenue Recognition

Date: 12/05/2018 1:30-3:05 p.m.
History: New
Experience: All (All levels of experience)
Advanced Preparation: None
Field of Study: Accounting
Applicable Audience: Board Member
CEO/Executive Director
CFO/Finance Director
Finance Staff
Tracks: Finance, Accounting, and Tax Track
Type: Mini
Level: Overview
Prerequisites: None
CPE Credits: 1.5
Katherine Eilers
Learning Objectives:
1. Identify which revenue types will be impacted by GAAP changes.
2. Identify how organizations can analyze and quantify the impact of these changes for an organization.
3. Obtain tools to help your nonprofit organization properly recognize revenue under the new standard.
Session Description:
The new revenue recognition standards (Topic 606) are the most significant changes to GAAP in decades. These changes will impact nonprofit organizations less than businesses, but nonprofit entities will need to be aware of how these changes may impact their organization to prevent findings in the first years the standard is applicable. If you have exchange transactions, this session will help you understand whether these changes will impact your organization and how to update your policies and procedures for these changes.