Surgent's Dodging Disasters in Not-for-Profits: Contribution Conundrums (DDI2)

  • Wednesday, December 13, 2017

    10:00am – 12:00pm
  • 2
    Accounting (Governmental)

Contributions are transactions which are unique to the not-for-profit sector. Contributions are also unique in that they may come in many different forms which affect how and if they are reported [e.g., are the contributions: (1) conditional or unconditional, (2) restricted or unrestricted, (3) cash or noncash]. The FASB has developed unique accounting guidance for these unique transactions which is found in FASB ASC 958. However, that guidance requires a deep understanding of the requirements and a healthy dose of professional judgment to avoid misapplication and reporting disasters. This course is designed to give you the deep understanding and familiarity with the requirements that is needed to properly account for and report contributions.


  • Master the art of properly accounting for and reporting contributions


  • Distinguishing promises to give from intentions to give
  • Parsing unconditional promises to give from conditional promises to give
  • Valuing unconditional promises to give
  • Unrestricted versus restricted contributions
  • Contributions of unique items
  • When contributed services should be recognized and when they should not
  • Transfers of assets that are not contributions (i.e., exchange transactions and agency transactions)

Additional Information

Designed For

Not-for-profit industry professionals and auditors




Knowledge of not-for-profit accounting

Field of Study

Accounting (Governmental)

Course Number


Level of Knowledge


Add to Cart

View All Courses