Live Webinar

65-minute live streaming program
  • January 23
  • 1:00 - 2:05 pm EST

Also available as:

OnDemand Course

Nonprofit Accounting for Contributions and Pledges

January 23

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.

Learning Objectives

  • You will be able to describe the difference between a condition and a restriction.
  • You will be able to discuss how to record various types of contributions / pledges.
  • You will be able to explain how a contribution is different from an exchange transaction.
  • You will be able to recognize when revenue should be recorded.

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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is a Contribution and a Pledge?
  • Contribution vs Exchange Transaction
  • Examples of Contributions and Exchange Transactions
  • Promise vs Intent
Types of Pledges?
  • Unconditional Promise to Give.
  • Conditional Promise to Give.
  • Examples of Unconditional and Conditional Promises to Give
Restricted vs Unrestricted?
  • Contributions / Pledges With Donor Restrictions
  • Contributions / Pledges Without Donor Restrictions
  • Examples of Contributions / Pledges With and Without Donor Restrictions
Restriction or Condition?
  • Differences Between Restrictions and Conditions
  • Examples of Restrictions vs Conditions
Review and Questions
  • Contributions vs Exchanges Transactions
  • Unconditional vs Conditional Contributions
  • Restricted vs Unrestricted
  • Restriction or Condition
  • Questions
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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 1.2 including Accounting 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

OnDemand Course

This course was last revised on December 10, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CPAs, executive directors, officers, board members, controllers, CFOs, tax managers, and bookkeepers.

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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Eric Hittle, CPA

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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Why Lorman?

Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Additional benefits include:

  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409473
Published 2020, 2024
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