Virtually all entities will be affected to some extent by the new revenue recognition guidance (ASU 2014-09), Revenue from Contracts with Customers (Topic 606) – even nonprofit organizations.
Read more in the following RSM guidance.
http://rsmus.com/pdf_download/wp_changes-for-nfp-revenue-recognition.pdf
Managing Partner
Partner
Audit Manager
Senior Audit Manager
“The Shedd Institute has had the great pleasure of working with Isler CPA for over a decade. Isler is a leader in community service and boast the best of reputations — doing business with a company of Isler’s reputation for quality, integrity, and community-mindedness rubs off on your own business; and that’s extremely important for any of us, non-profit or otherwise!”
- James R.
Executive Director, The Shedd Institute