Lorman offers professional resources regarding COVID-19 and the 2020 Elections

Show navigation

Live Webinar

90-minute live streaming program
  • December 10
  • 1:00 - 2:30 pm EST

Nonprofit Accounting for Contributions and Pledges

December 10

Learn how to stay compliant when accounting for contributions and how to overcome its unique challenges.

Accounting for contributions under GAAP can be challenging and keeping up with changes in accounting standards, while performing your daily responsibilities, can add to that challenge. This topic will help you understand the differences between contributions and exchange transaction; and determining when contributions contain donor-imposed conditions and/or donor-imposed restrictions. We will also go over the accounting and disclosure requirements for noncash contributions and promises to give.

Learning Objectives

  • You will be able to describe the differences between donor-imposed conditions vs. donor-imposed restrictions.
  • You will be able to discuss presentation and disclosure requirement for contributions and promises to give.
  • You will be able to explain the difference between contributions and exchange transactions.
  • You will be able to identify donor-imposed conditions.

Purchase Options

In Partnership With

More Program Information

Why Lorman?

Over 33 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

Understanding the Difference Between Contributions and Exchange Transactions
  • Definition of Exchange Transaction
  • Definition of a Contribution
  • Reporting Equity Transfers
Determining If Contributions Are Conditional
  • Donor-Imposed Condition
  • Barriers
  • Right of Return
  • Recognition and Measurement
Determining If Contributions Are Donor Restricted
  • Donor-Imposed Restriction
    • Restricted for Time
    • Restricted for Purpose
    • Perpetually Restricted
  • Accounting for Restrictions
Noncash Contributions
  • Accounting for Gifts-In-Kind
  • Accounting Gifts of Long-Lived Assets
  • Items Used for Fundraising Purposes
  • Contributed Services
  • Contributed Utilities and Use of Long-Lived Assets
  • Brief Overview of ASU 2020-07 – Presentation and Disclosure of Nonfinancial Assets Received
Promises to Give
  • Initial Recognition and Measurement
  • Subsequent Measurement
  • Disclosure Requirements
Purchase Options

In Partnership With

More Program Information

Why Lorman?

Over 33 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 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 1.8 including Accounting 1.8
     
  • 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: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.8 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.
     

Who should attend?

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

Purchase Options

In Partnership With

More Program Information

Why Lorman?

Over 33 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

Mark Robins, CPA

Mark Robins, CPA

Aronson LLC

  • Partner, Assurance Services at Aronson LLC
  • Over 10 years of experience in public accounting
  • Specializes in nonprofit financial reporting and auditing
  • Conducts regular seminars and workshops internally and externally on various topics in accounting and auditing
  • Member of the AICPA
  • B.S. degree in accounting, California State University Northridge
  • Can be contacted at 240-364-2645 or [email protected]
Purchase Options

In Partnership With

More Program Information

Why Lorman?

Over 33 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405847
Published 2020
Purchase Options

Register today before this event fills.