Highlights
• Pledges and contributions
• Restrictions and conditions
• Special concerns with governmental funding
• Donated goods and services
• Special events
• Revenues earned through sales and services to customers, including the application of CECL
Objectives
• Identify the differences between contribution and exchange revenue.
• Consider the application of the credit loss standard (CECL) to non-profits with earned revenue
• Distinguish between restrictions and conditions.
• Recognize factors to consider in applying the five-step revenue recognition model within a nonprofit.
• Learn about revenues unique to nonprofit organizations, including agency transactions and split-interest arrangements.
