Revenue Recognition and Related Matters – NFP Advisory Committee
Date recorded:
At its meeting on November 1, 2023, the Not-for-Profit Advisory Committee (NFPAC) received an overview of the feedback on the AcSB Exposure Draft, “Contributions – Revenue Recognition and Related Matters.” The Committee discussed feedback on the purpose of the project, the definition of a restricted contribution, and the recognition of restricted contributions. The Committee also discussed potential options to address the feedback, considered the guidance on accounting for contributions in other jurisdictions, and discussed the next steps.
Review the summary of discussions on the AcSB's Web site.
