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New Revenue Recognition Guidance - What Nonprofits Need to Know!

March 08, 2018
1:00 PM to 2:40 PM EST

  • Summary
  • CPE Information
  • Presenters
The new revenue standard (ASC 606) represents a significant change in accounting principles that will affect virtually all Nonprofit organizations of all sizes and types. ASC 606 goes into effect in 2018 (public companies including some nonprofit organizations with tax-exempt debt) and 2019 (private companies and all other nonprofit organizations). Join BDO Nonprofit professionals for a webinar that will provide a comprehensive overview of the key principles, five-step model, significant judgments involved, and presentation and disclosure requirements of the new standard.
Webinar Learning Objectives:
  • Understand what Topic 606 is and be able to describe the core principles and key steps to applying Topic 606
  • Recognize the significant areas of judgement required under Topic 606
  • Identify the potential impacts on the manufacturing and distribution industry
  • Recognize how to account for contract costs
  • Identify presentation and disclosures required by ASC
  • Understand the effective dates and transition models
  • Realize the importance of starting to plan and prepare now for the new standards
Delivery: The webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 2.0 CPE Credits in the field of Accounting
Program Level: Basic
BDO USA, LLP 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 website: www.nasbaregistry.org
Lee Klumpp, National Assurance Partner - Nonprofit and Education Practice, BDO USA, LLP
Carla De Martini, Assurance Director - Nonprofit and Education Practice, BDO USA, LLP
Amy Duffin, Assurance Senior Manager - Nonprofit and Education Practice, BDO USA, LLP