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Get revenue recognition right at not-for-profits Logo aicpa

  Ken Tysiac |   Free |   AICPA |   01 Mar 2017 |   Journal of Accountancy

Costly revenue recognition mistakes can be avoided by following best practices that lead to proper judgments. This article explores these best practices.

Topics covered:
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Revenue recognition, Intermediate
  • Not-for-profit: Technical: FASB financial accounting & reporting, Intermediate
  • Not-for-profit: Technical: Contribution revenue & agency transactions, Intermediate

2 Comments/Reflections

Nicholas Chokoe

Nicholas Chokoe Apr 2022

Tendai Nyakurimwa

Tendai Nyakurimwa Mar 2017

This is a very useful article especially to not-for-profit organisations. The material provide a guidance on how to read the intent of any contribution or exchange transactions made. 
I hope to use some of the material in my work place and also help other colleagues on how to implement the standard on revenue