September 18, 2019
9:30 am - 11:00 am
No charge for WRAG and Center for Nonprofit Advacement members, $90 for all others

Special Funder & Nonprofit Learning Session: FASB Update on Accounting for Grants and Contributions

Financial Accounting Standards Board recently issued an accounting standards update, (ASU) 2018-08, to clarify and improve the scope and the accounting guidance for contributions received and contributions made. The amendments in this update assist entities in (1) evaluating whether transactions should be accounted for as contributions (nonreciprocal transactions) or as exchange (reciprocal) transactions subject to other guidance, and (2) determining whether a contribution is conditional. Washington Regional Association of Grantmakers (WRAG) and the Center for Nonprofit Advancement invite their members to a special learning session with GRF CPAs & Advisors who will discuss the mechanics of the update, provide examples, address implementation, and answer any questions.

This session will be led by:

Ricardo Trujillo, CPA , CITP, CISA, Nonprofit Audit Partner, GRF CPAs & Advisors

Tricia Katebini, CPA , MBA, Nonprofit Senior Audit Manager, GRF CPAs & Advisors

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