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Contributions – Revenue Recognition and Related Matters - AcSB

Date recorded:

At its meeting on January 18, 2018, the AcSB considered the research results, which consisted of the following:

  • An analysis of NFPOs’ financial statements to understand the types of contributions organizations receive and the types of organizations that use the deferral method or the restricted fund method.
  • Consultations with NFPOs to understand the terms and conditions of the various types of contributions received and why they use the deferral method or the restricted fund method to account for those contributions.
  • Consultations with individuals that use not-for-profit financial statements, including foundations, government funders, a lender and not-for-profit directors, to understand what information they need to make decisions.

The Board directed staff to begin developing a consultation paper for consideration at a future meeting.

Review the Executive Summary on the AcSB's Web site.

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