Learn how to accurately record contributions and pledges to avoid errors in revenue recording and misclassification of net assets.
Many nonprofit leaders have difficulty recording contributions and pledges. Oftentimes this results in errors in recording revenue or breaking out net assets classifications. This presentation will help the people responsible for reviewing contribution agreements to recognize conditions and restrictions. The live webinar also explains the differences in recording unconditional and conditional contributions vs donor-restricted and unrestricted contributions. Failing to recognize the differences between these various types of contributions and impacts on revenue recognition can have a significant impact on the financials and is a frequent cause of audit adjustments. This webinar is critical for nonprofit leaders and those involved in reviewing and processing donor agreements and cash receipts.
Agenda
Faculty
Eric Hittle, CPA
Silver Spring Accounting LLC
- Principal, Silver Spring Accounting LLC
- Focus on outsourced accounting and advisory services for nonprofits
- Conducts webinars with ASAE, Lorman, and various firm and client-sponsored training
- AICPA, Maryland Nonprofits
- Master of Professional Accountancy
- Can be contacted at [email protected] or 406-209-7472
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