Contributions – Revenue Recognition and Related Matters - NFP Advisory Committee
Date recorded:
At its meeting on November 17, 2016, the Committee discussed the following related to accounting for contributions in Canada: (i) reasons for two methods of accounting; (ii) how two methods serve conceptual principles and the effect on donors; (iii) deferral method – pros and cons; (iv) restricted fund method – pros and cons; (v) other areas for improvement; (vi) other matters; (vii) FASB update; and (viii) other issues.
Review the summary of discussions on the AcSB's Web site.
