New NFP Guidance – Contribution or Exchange Transaction?

Thoughtware Article Published: Jul 07, 2018
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Executive Summary

The Financial Accounting Standards Board finalized new guidance making it easier for not-for-profit (NFP) organizations such as charities and foundations to evaluate whether gifts, grants or contracts should be accounted for as contributions or reciprocal (exchange) transactions. Read on for more information on how the guidance may affect your organization.


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