FASB Webcast and Webinar Series

IN FOCUS: Proposed Improvements to Not-for-Profit Grant and Contribution Accounting


Date: Monday, September 11, 2017

Time: 1:00–2:00 p.m. Eastern Daylight Time

The Financial Accounting Standards Board (FASB) is pleased to announce an upcoming webcast that will discuss the 2017 proposed Accounting Standards Update, Not-for-Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made.

Speakers: Harold L. Monk Jr., FASB member; Jeffrey D. Mechanick, FASB assistant director—nonpublic entities; Richard A. Cole, FASB supervising project manager; and Elizabeth Gagnon, FASB project manager/project lead.

Learning Objectives: Through this session, participants will learn about the proposed clarifications and improvements to existing guidance in:
  1. Characterizing grants and similar contracts with government agencies and others as exchange transactions (subject to guidance such as Accounting Standards Codification Topic 606) or contribution (nonexchange) transactions.
  2. Distinguishing between conditional contributions and unconditional contributions and between donor-imposed conditions and donor-imposed restrictions.
While the proposed improvements discussed on this webcast are primarily of interest to not-for-profit organizations, because contributions are a significant source of revenue, other stakeholders may also benefit from this educational webcast because the proposed improvements would apply to all organizations that receive or make contributions of cash and other assets, including business enterprises. The proposed improvements would not apply, however, to transfers of assets from the government to businesses.

Register for this webcast

Delivery Method:
Group-internet based

Program Level: Overview

Program Prerequisites: None

Advanced Preparation Needed: None.

Recommended CPE: 1.2 hours; final CPE earned will be determined on the basis of the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.

Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by email as soon as possible if the course is cancelled for any reason.

Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact CPEDirector@fasb.org.


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