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Contributions – Revenue Recognition and Related Matters - AcSB

Date recorded:

At its meeting on September 17-18, 2019, the AcSB continued its discussion on the proposed Consultation Paper, including the illustrative examples to be included related to the recognition of revenue from contributions. The Board considered the feedback received from its Not-for-Profit Advisory Committee on the Consultation Paper, including the timeline for this project. The Committee noted that a comment period deadline in July 2020 is not preferred. Based on the Committee’s feedback, the Board plans to issue the Consultation Paper in May 2020 with a 120-day comment period.

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

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