Contributions – Revenue Recognition and Related Matters – AcSB
Date recorded:
At its meeting on March 23-24, 2021, the AcSB began discussing stakeholders’ feedback on the Consultation Paper. The Board considered feedback from comment letters, roundtables, and the Not-for-Profit Advisory Committee on the topic of asset recognition, which includes pledges and the capital asset recognition exemption. The AcSB will continue to discuss the feedback on the Consultation Paper over a series of meetings. The Board plans to discuss the topics of recognition of revenue from contributions and special types of contributions at its meeting in May 2021.
Review the Executive Summary on the AcSB's Web site.
