Contributions – Revenue Recognition and Related Matters – AcSB
Date recorded:
At its meeting on September 14-15, 2022, the AcSB continued discussing the Exposure Draft proposals related to the recognition of revenue for restricted contributions, capital asset contributions, endowments, and contributed materials and services. When the Not-for-Profit Advisory Committee meets in October 2022, it will discuss and provide input on these topics and the draft proposals. When the AcSB meets in October 2022, it will consider the Committee’s input and continue discussing the exposure draft proposals. The Board plans to issue an exposure draft in the first quarter of 2023.
Review the Executive Summary on the AcSB's Web site.
