Andrew Prather, shareholder with Clark Nuber PS, distinguishes between conditional and unconditional contributions, differentiates donor conditions from donor restrictions, and walks through an example.
Would you like to learn more? Not-for-Profit Section members can access the following resources:
Lessons NFPs learned in adopting FASB's revenue standards: View this webcast to review different types of exchange transactions, contributions, and grants, analyze examples of commonly misunderstood areas, and identify key considerations that NFPs should be aware of.
FASB standard addresses accounting for