Contributions – Revenue Recognition and Related Matters – NFPAC

Date recorded:

At its meeting on January 31, 2023, the Not-for-Profit Advisory Committee received an update on the AcSB’s recent decisions in response to feedback received from the Committee’s fatal flaw review of exposure draft proposals. The Committee recommended wording clarifications to the proposed requirement to disclose information about the availability of an organization’s financial and other assets to meet its requirements related to restricted contributions. The Committee also provided input on the communications and outreach plan for the Exposure Draft. The AcSB will consider the Committee’s feedback on the communications and outreach plan at its meeting on February 15, 2023.

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

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