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Contributions – Revenue Recognition and Related Matters – AcSB

Date recorded:

At its meeting on July 21-22, 2021, the AcSB continued to discuss stakeholders’ feedback received on the Consultation Paper. The Board considered feedback from comment letters, roundtables, and the Not-for-Profit Advisory Committee on the topics of recognition of revenue from contributions, presentation, and disclosure. The AcSB plans to discuss the topic of special types of contributions at its meeting in September 2021. The Not-for-Profit Advisory Committee will discuss this topic at its meeting in October 2021 and the Board will consider this feedback at its meeting in November 2021.

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

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