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Contributions – Revenue Recognition and Related Matters – AcSB

Date recorded:

At its meeting on May 5, 2021, the AcSB continued to discuss stakeholders’ feedback received on the Consultation Paper. The Board considered feedback from comment letters and roundtables on the topic of recognition of revenue from contributions. The Not-for-Profit Advisory Committee will discuss this topic at its meeting in June 2021 and the Board will consider this feedback at its meeting in July 2021. The AcSB will continue to discuss the feedback on the remaining topics of the Consultation Paper over a series of meetings. The Board plans to discuss the topic of special types of contributions at its meeting in July 2021.

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

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