In this archived NFP Section webcast, industry experts look back on the first wave of adoptions of the revenue recognition and grants and contracts accounting standards updates (ASUs).
Presenters Andrew Prather, CPA, Shareholder at Clark Number P.S. and Paul Preziotti, CPA, Partner at Johnson Lambert LLP discuss common errors and pitfalls that not-for-profit entities (NFPs can avoid as they implement FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) and ASU No. 2018-08, Clarifying the Scope and Accounting