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Technical

Get revenue recognition right at not-for-profits

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Ken Tysiac | Free | AICPA | 01 Mar 2017 | Journal of Accountancy

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Description
Comments/Reflections

Costly revenue recognition mistakes can be avoided by following best practices that lead to proper judgments. This article explores these best practices.

Topics covered:

Financial accounting & reporting: Technical: FASB financial accounting & reporting: Revenue recognition, Intermediate
Not-for-profit: Technical: FASB financial accounting & reporting, Intermediate
Not-for-profit: Technical: Contribution revenue & agency transactions, Intermediate

2 Comments/Reflections

Nicholas Chokoe Apr 2022

Tendai Nyakurimwa Mar 2017

This is a very useful article especially to not-for-profit organisations. The material provide a guidance on how to read the intent of any contribution or exchange transactions made.
I hope to use some of the material in my work place and also help other colleagues on how to implement the standard on revenue

Technical

Get revenue recognition right at not-for-profits

2 Comments/Reflections

Nicholas Chokoe Apr 2022

Tendai Nyakurimwa Mar 2017

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