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Contributions – Revenue Recognition and Related Matters - AcSB

Date recorded:

At its meeting on May 15, 2019, the AcSB continued discussing the topics that will be included in a consultation paper. The Board considered its Not-for-Profit Advisory Committee’s feedback and other research conducted to date. It discussed the questions it will ask stakeholders in the consultation paper for the following topics: (i) contributed materials and services; (ii) size exemption from the recognition of capital assets; (iii) restricted contributions; (iv) presentation of net assets and restricted cash; and (v) other presentation issues. The AcSB also discussed the proposed content for the following topics in a consultation paper: (a) the reason for the project; (b) capital contributions; (c) endowments; (d) pledges; and (e) bequests. The AcSB considered the proposed project timeline and will continue its discussions at its June 2019 meeting.

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

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