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Revenue Recognition for Not-for-Profit Entities (Yellow Book Compliant)
Not-for-Profit
CPE Self-study

Revenue Recognition for Not-for-Profit Entities (Yellow Book Compliant)

Learn how FASB’s revenue recognition, as well as the grants and contracts standard, will affect NFP accounting of revenues.

$39.20 - $59
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

1

Author(s)

Lynda M. Dennis

Availability

1 year

Product Number

RRNFP21SSO

 Business & partner 
Product Details

Revenue Recognition

Effect on NFPs

Understand how FASB’s revenue recognition standard will affect not-for-profit financial statements.

Gain knowledge of the various types of revenues received by not-for-profit organizations.

Then learn how to properly record and reflect those transactions in NFP financial statements.

Who Will Benefit

External and internal auditors of nonprofit organizations and nonprofit accounting professionals

Key Topics

Revenue recognition, including grants and contracts

Learning Outcomes

  • Identify the definitions of exchange transactions and contributions.
  • Identify the difference in conditional, unconditional, and donor-restricted contributions.
  • Identify typical agency transactions of not-for-profit entities and determine the accounting for various types of agency transactions.
  • Identify the concept of variance power and how it affects recognition of agency transactions.
  • Differentiate exchange transactions and contributions for transactions commonly seen in not-for-profit entities.
Credit Info
CPE Credits
Online
1
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Knowledge of the not-for-profit accounting.
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$59.00
AICPA Members
Online
$49.00
NFP Section Members
Online
$39.20

Group ordering for your team

2 to 5 registrants

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Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Lynda M. Dennis
CPA, CGFO, PhD
Lynda Munion Dennis received her under graduate degree in accounting and finance from the University of West Florida and her Master's in Public Administration and her PhD in Public Affairs from the University of Central Florida. She is a Florida CPA as well as a Florida Certified Government Finance Officer. Lynda is a member of the faculty of the Dixon School of Accounting at the University of Central Florida as well as an author and discussion leader for the AICPA. Her most recent government experience was as the finance director for the City of Maitland, Florida. Prior to joining the City of Maitland, she was the Assistant to the Chief Financial Officer-Special Projects for the City of Orlando. Before joining the City of Orlando, Lynda was the Chief Financial Officer for the Central Florida YMCA. Prior to that, she served as the Director of Finance and Administrative Services for the City of Oviedo, Florida for five years. Her experience includes working as an auditor for local and Big 4 firms with an emphasis in the insurance, government and not-for-profit sectors. Lynda also worked as the Special Projects Manager for the Dallas County Community College District and as a grader of CPA exams for the AICPA. Lynda has served as the Chair of the CPE Advisory Committee of the AICPA and as a member of that committee for over seven years. She was a member of the Work/Life Balance and Women's Initiatives Executive Committee of the AICPA from 1997 to 2000. Lynda worked with the Accounting and Financial Reporting Exam Subcommittee of the AICPA for a number of years as well. She is currently serving on the Pre-Certification Education Executive Committee of the AICPA. Additionally, she is active in the FICPA as a current member and former Chairman of the State and Local Government Section, a member of the Editorial Review Board, as former Chair and current member of the CPE Committee, and serves on the Accounting Principles and Auditing Standards Committee for the FICPA. She previously served on the FICPA Government Standards Review Committee for two years, the Accounting Careers Committee, and the Not-for-Profit Conference Committee for two years. Lynda has also served on the CPE Committee of the Central Florida Chapter of the FICPA since 1989 and was President of the Chapter 2004 to 2005. She served as the Chairman of the Technical Resources Committee of the FGFOA in 1993/94 as well as in 2001/02 and was Chairman of the Certification Committee in 2000/01 for the Florida Government Finance Officers Association. In recent years, Lynda has updated the AICPA State and Local Government Accounting and Audit Guide as well as the AICPA Checklists and Illustrative Financial Statements: State and Local Governments and an Audit Risk Alert related to audits of group financial statements. In addition, she has authored several courses for the AICPA in the areas of governmental and not-for-profit accounting, auditing, and fraud as well as courses in internal controls, auditing, and fraud in small entities. Longwood, Florida
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Revenue Recognition for Not-for-Profit Entities (Yellow Book Compliant)
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Online
$59.00
Nonmember Price
$59.00
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$59.00
Do you have an AICPA membership? 
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Shipping cost and sales tax will be added later during checkout

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