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Nonprofits: Revenue Recognition Update

Nonprofit Revenue Recognition

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Revenue from Contracts with Customers
created a single, principle based revenue recognition standard. 

What does that mean for your organization? Find out in this presentation, which includes applicable scenarios to help you establish a process for recognizing revenue. 

Revenue from Contracts with Customers (Topic 606)

  • Effective for For-Profit Entities and Non Profit Entities

Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made (Topic 958)

  • Effective for Nonprofit Entities