Home / Events / Roundtable Peer-to-Peer Discussion: Recording Contracts with Customers (Topic 606)

FASB’s Accounting Standards Update (ASU) 2020-05 – Revenue from Contracts with Customers (Topic 606) is shaking up how nonprofits recognize and report revenue. Whether you are a CEO, finance staff, or membership engagement staff, this roundtable brings you together with your nonprofit executive peers for a facilitated discussion around how nonprofits are implementing Topic 606.

Participants will come away with a better understanding of the complexities of revenue recognition and the knowledge nonprofit financial professionals need to reasonably report on revenue recognition under the new ASU.

Our facilitators will lead participants in a roundtable discussion with their nonprofit executive peers focused on:

• The 5-step process to record revenue with contracts with customers
• Practical expedients available to certain entities
• Best practices for implementation

Cost

Registration is complimentary, but space is limited. Register above. Please allow 24 hours for registration approval.

Omid Mohebbi, CPA, Manager, Nonprofit Audit 

Omid Mohebbi, CPA is a manager with GRF CPAs & Advisors. He joined the firm in 2011 and specializes in audits of nonprofit organizations including foundations, associations and other charitable institutions, and audits of employee benefit plans.

Max Manley, CPA, Senior Manager, Nonprofit Audit 

Mr. Manley has been with GRF CPAs & Advisors since 2011. He coordinates and oversees 40 to 50 audit engagements annually for a wide variety of the firm’s clients, including associations, charitable organizations, employee benefit plans and government contractors. Mr. Manley devotes a substantial amount of his time to the firm’s International NGO auditing practice, and travels frequently on behalf of the firm’s INGO clients, particularly to Africa and the Middle East region, to review field office operations and internal controls.

Lindsay Dean, CPA, Senior Manager, Nonprofit Audit 

Ms. Dean has worked in auditing and accounting since 2004. She plans and coordinates the audit fieldwork for approximately 50 audit engagements on an annual basis. Ms. Dean works extensively with nonprofit organizations, specifically charitable organizations. She also works with numerous international clients, performs field audits, and travels throughout Africa and Europe.

Additional Program Details

• Learning Objective: To provide attendees with a better understanding of the complexities of revenue recognition and how to properly record contracts with customers under Topic 606.
• Instructional Delivery Methods: Group Internet-based
• Recommended CPE: 2.0 CPE
• Recommended Fields of Study: Auditing – Technical
• Prerequisites: None Required
• Advance Preparation: None
• Program Level: Basic
• Course Registration Requirements: None
• Refund Policy: No fee is required to participate in this session.
• Cancellation Policy: In the event that the presentation is cancelled or rescheduled, participants will be contacted immediately with details.
• Complaint Resolution Policy: GRF CPAs & Advisors is committed to our participants’ 100% satisfaction and will make every reasonable effort to resolve complaints as quickly as possible. Please contact kdavis@grfcpa.com with any concerns