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Contributions – Revenue Recognition and Related Matters - NFP Advisory Committee

Date recorded:

At its meeting on July 11, 2017, the Committee discussed the accounting for pledges, bequests, endowments and capital contributions and the issues in practice when accounting for these items. For example, the Committee noted the inconsistent accounting for the income subsequently earned on endowments. The Committee also provided input on what financial statement information relating to those items users find useful when making financial decisions about an organization.

Review the summary of discussions on the AcSB's Web site.

Correction list for hyphenation

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