Course Outline Standards and guidance that apply FAS 116 and FAS 117 Pending revisions to OMB grants management guidance Chap. 5 of AICPA’s Not-for-Profit Entities Audit and Accounting Guide Practical issues that arise with contribution and grant accounting Support vs. revenue, re: contribution Promise vs. intent Conditional and restricted contributions Contribution recorded in right year, in right amount Proper disclosures When to record non-cash contributions Complex scenarios involving non-profits