Preparing for the New Revenue Recognition Standard
The adoption date of the new standard Revenue from Contracts with Customers (Accounting Standards Codification (ASC Topic 606) is – sued by the Financial Accounting Standards Board (FASB) is imminent. Most nonprofit organizations (nonpublic entities) should apply ASC 606 for annual reporting periods beginning after Dec. 15, 2018. Nonprofits have the option of early adoption […]