2020 online conference schedule

Wednesday, October 14, 2020

1st Afternoon Mini Sessions

Implementing and Automating Nonprofit Revenue Recognition

Date: 10/14/2020 1:30-3:05 p.m.
History: Updated
Experience: All (All levels of experience)
Advanced Preparation: None
Field of Study: Business Management and Organization
Applicable Audience: Board Member
CEO/Executive Director
CFO/Finance Director
Finance Staff
Type: Mini
Level: Overview
Prerequisites: None
CPE Credits: 1.5
Karl Eck
Learning Objectives:
1. Identify which revenue types will be impacted by GAAP changes.
2. Identify how organizations can analyze and quantify the impact of these changes for an organization.
3. Obtain tools to help your nonprofit organization properly recognize revenue under the new standard.
Discover how the new revenue recognition standard can be automated.
Session Description:
The new revenue recognition standards, ASC 605 and 606, are the most significant changes to GAAP in decades. These changes will impact some nonprofit organizations and you will need to be aware of how these changes may impact your organization to prevent findings.