The Accounting Standards Board (AcSB) recently issued its Exposure Draft, “Contributions – Revenue Recognition and Related Matters,” and we want to hear your feedback!
This Exposure Draft includes proposals that:
- replace the current guidance with a single approach for recognizing revenue from restricted contributions;
- provide specific guidance on special types of contributions, including contributed materials and services, capital asset contributions, and endowments; and
- amend the current guidance on financial statement presentation and disclosures by not-for-profit organizations.
Why should you attend?
- Learn more about our proposals and how they may impact financial reporting by not-for-profit organizations.
- Take advantage of this opportunity to share your views directly with AcSB representatives in an open forum discussion.
Can’t attend?
If you are unable to attend an in-person roundtable, please contact us so we can consider alternative ways to obtain your input. See our virtual roundtable dates for online session availability.
Comments are due September 30, 2023.
How to prepare
- Read our Exposure Draft for full details on our proposals.
- Read our In Brief for an overview of key proposals in our Exposure Draft.
- Attend an informational webinar.