Nonprofit Enhancement Seminar – Revenue Recognition Update

Audit

Date: Tuesday, November 19, 2019 | 8:30 AM - 10:30 AM

Venue: Mercadien’s Offices, 3625 Quakerbridge Road
Hamilton, NJ 08619 United States

Description: Join Mercadien at a seminar for nonprofit executives on Revenue Recognition (Topic 606 – ASU 2014-09 (amended by ASU 2015-14) and ASU 2018-08). Lovepreet Buttar, CPA, MBA, CGMA, PSA, Director in the Nonprofit & Human Services Group will present.

The seminar will cover the main provisions of the two new Accounting Standard Updates (ASUs) that will be effective and significantly impact nonprofit organizations in the coming two years.  We will cover the guidance as well as examples; discuss the implementation guide that Mercadien developed; and options for an organization’s transition approach. In this workshop, attendees will learn:

  • The main provisions of ASU 2014-09 (amended by ASU 2015-14) – Revenue from contracts with customers
  • The main provisions of ASU 2018-08 – Clarifying the scope and the accounting guidance for contributions received and contributions made
  • Examples of grant agreements and walk through adoption of ASU 2018-08
  • A transition approach for both ASUs
  • An implementation plan for both ASUs

Schedule: 8:30-9 am – Registration and networking  |   9-10:30 am Presentation

1.5 CPE credits in Accounting are offered.  Program level is basic. No advance preparation or perquisites are required. This breakfast seminar is complimentary and sponsored by the Mercadien Group. For information about cancellation and refund policies, email events@mercadien.com.  Format – Group live. 90 minutes.  Program level – basic. No advance preparation or perquisites required.

The Mercadien Group 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.