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Join BDO USA, LLP for our fourth session in the BDO KNOWLEDGE Nonprofit and Education Series, "Think the new Revenue Recognition Accounting Standard won’t apply to your Nonprofit? Think again."
Lee Klumpp, BDO's Nonprofit Audit and Accounting Technical Director and recent FASB fellow, will discuss the new FASB Accounting Codification Update 2014- 09 Revenue from Contracts with Customers (Topic 606) and the common nonprofit revenue streams that might be impacted.
- Identify the revenue principles and the underlying five-step process, and how to apply these steps
- Discuss next steps and how to prepare for implementation of the ASU