Contributions – Revenue Recognition and Related Matters – AcSB
Date recorded:
At its meeting on October 26, 2022, the AcSB continued discussing Exposure Draft proposals and considered feedback from the Not-for-Profit Advisory Committee related to: recognition of revenue from restricted contributions and capital asset contributions; disclosure of endowments; recognition of contributed materials and services; transition; and the effective date. The Board made tentative decisions in respect of each of these items and will continue discussing the Exposure Draft proposals at its November meeting. The Board plans to issue an Exposure Draft in the first quarter of 2023.
Review the Executive Summary on the AcSB's Web site.
