Revenue Recognition Under ASC 606 and 958-605: Impact for Nonprofit Organizations
How will FASB Accounting Standards Updates on revenue recognition (Topics 606 and 958-605) impact the process of recognizing revenue for exchange transactions? In this multi-part course, Tom Sneeringer of RSM US LLP provides background, core principles, analysis, and detailed examples to help you understand these new standards and how they may impact your organizations.
Cost: $99.00 (ACCE members); $139 (nonmembers)
Nonmembers, please contact Tamara Philbin at firstname.lastname@example.org to purchase.
This six-module course will show you how FASB Accounting Standards Updates on revenue recognition will impact the process of recognizing revenue for exchange transactions. The course covers background and effective dates; core principles and key components of ASC 606 and ASC 958-605, and detailed examples of how the standards are applied by non-profit organizations. Downloadable presentation slides include definitions, analytical steps, timeline considerations, and more.
Tom Sneeringer has over 25 years of audit and accounting experience specializing in nonprofit organizations. His responsibilities include directing engagements, preparing financial statements, composing management letters and advising clients on accounting and internal control policies. Tom’s clients include 501(c)(3) organizations, colleges and universities, independent schools and national associations. In addition, he has extensive experience performing Uniform Guidance compliance audits and engagements in accordance with Yellow Book requirements. He frequently conducts seminars for clients, the American Institute of Certified Public Accountants, the Greater Washington Society of Certified Public Accountants, National Business Officers Association and other organizations on key issues facing nonprofit organizations.
Tom is one of the firm experts on the COSO Framework, especially as it applied to nonprofit organizations, and one of the first in the country to complete the COSO Internal Control Certificate.
Duration: 1 hour, 12 minutes