Not-for-Profit Entities Revenue Recognition Task Force 

    AICPA Revenue Recognition Task Forces are charged with developing revenue recognition implementation issues that will provide helpful hints and illustrative examples for how to apply the new Revenue Recognition Standard.

    Task Force Members:

    • Stuart Miller, Crowe (Chair)
    • Elaine Allen, Ernst & Young LLP
    • Cathy Clarke, Clifton Larson Allen
    • John Griffin, AARP
    • Jennifer Hoffman, Grant Thorton
    • Neena Masih, BDO LLP
    • John Mattie, PricewaterhouseCoopers LLP
    • Sue Menditto, NACUBO
    • Mig Murphy Sistrom, Mig Murphy Sistrom CPA
    • Amanda Nelson, KPMG LLP
    • Susan Stewart, McGladrey LLP
    Staff Contact: Chris Cole,


    Below is a list of potential revenue recognition implementation issues identified by the Not-for-Profit Entities Revenue Recognition Task Force. The list will be updated as the task force continues its discussions. Full revenue recognition implementation issues will be posted below for informal comments after review by the AICPA Financial Reporting Executive Committee (FinREC).

    Issue # Description of Implementation Issue
    1 Tuition and Housing Revenue
    • Tuition and housing revenue for not for profit higher education institutions. This implementation issue will discuss considerations needed to determine the transaction price and when to recognize revenue for tuition and housing.
    2 Tuition Discounts
    • Presentation of discounts for not for profit higher education institutions. This implementation issue will discuss considerations for the presentation of discounts such as financial aid, reduced fees for services, and free services related to when recognizing revenue for tuition.
    3 Contributions
    • A technical clarification was submitted to FASB Staff, recommending that the FASB clarify the application of FASB ASC 606 by adding language in FASB ASC 606-10-15 that specifically excludes contributions from the scope of FASB ASC 606. TRG agenda reference #34: March 2015 Meeting – Summary of Issues Discussed and Next Steps Paragraph 40: TRG members discussed whether contributions are in the scope of the new revenue recognition standard. TRG members agreed with the staff view that contributions are not in the scope of the new standard and that the standard includes adequate guidance to come to this conclusion.
    4 Government Grants with deliverables
    5 Government Grants-best effort
    6 Sponsorships
    7 Subscriptions
    8 Special Events
    9 Revenue vs. Agency Transactions
    10 Government Grants-appropriations
    11 Membership Dues
    12 Royalties/Licensing
    13 Service Concession Arrangements
    14 Charitable Remainder Trusts
    15 Bifurcation of Transactions Between Contribution and Exchange Components
    • This implementation issue will address the fact that amendments from ASU 2014-09 do not affect the method for a not-for-profit entity to bifurcate transactions received that are in part a contribution and in part an exchange transaction. Examples of transactions that may be in part a contribution and in part an exchange transaction include membership dues, bargain purchases, certain grants, naming opportunities, and donor status transactions.


    Draft Revenue Recognition Implementation Issues included for informal comment, when available, will be listed below.

    Respondents should submit any comments including the implementation issue number to by the dates noted below:

    Issue # Comment Due Date

    The Not-for-Profit Entities Revenue Recognition Task Force and the Not-for-Profit Entities Expert Panel recommend the following AICPA products for current revenue recognition issues:

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