Nonprofit Accounting for Contributions and Pledges
1 hour 30 minutes
Learn how to stay compliant when accounting for contributions and how to overcome its unique challenges.
Accounting for contributions under GAAP can be challenging and keeping up with changes in accounting standards, while performing your daily responsibilities, can add to that challenge. This topic will help you understand the differences between contributions and exchange transaction; and determining when contributions contain donor-imposed conditions and/or donor-imposed restrictions. We will also go over the accounting and disclosure requirements for noncash contributions and promises to give.
• You will be able to describe the differences between donor-imposed conditions vs. donor-imposed restrictions.
• You will be able to discuss presentation and disclosure requirement for contributions and promises to give.
• You will be able to explain the difference between contributions and exchange transactions.
• You will be able to identify donor-imposed conditions.