Contributions – Revenue Recognition and Related Matters - AcSB
At its meeting on January 15, 2019, the AcSB continued discussing the topics to consider in the development of the consultation paper. The Board considered its Not-for-Profit Advisory Committee’s feedback and discussed alternatives regarding the following contribution types: (i) capital asset contributions; (ii) endowments; (iii) pledges; and (iv) bequests. The AcSB also discussed a proposed project timeline and will continue its discussions at its May 2019 meeting.
Review the Executive Summary on the AcSB's Web site.