Session 1 – Contributions and Contracts

Service Description

In this foundational session, we’ll clarify the differences between contributions and exchange transactions — a critical distinction for proper revenue recognition. You’ll learn how to identify conditional and unconditional contributions and understand what truly qualifies as “restricted.” You’ll learn: - How to distinguish contributions from exchange contracts - The meaning of conditional vs. unconditional gifts - What “restricted” really means (and how it affects accounting)