Accounting for Grants and Contributions (ASU 2018-08) – Part 3
In the first two blogs in this series, we explained guidance found in this new ASU regarding contributions vs exchange transactions, and conditional vs unconditional contributions
Yearly Archives: 2019
Accounting for Grants and Contributions (ASU 2018-08) – Part 2
Our first blog in this series, “Accounting for Grants and Contributions (ASU 2018-08) – Part I”, explained the guidance related to determining a contribution from an exchange transaction.
ASU 2016-14 – Functional Expense Reporting
In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the communication of information on not-for-profit financial statements.