Exchange and Agency Transactions

Authored by Karen Craig
About this Course

To achieve financial sustainability, NFPs diversify their revenue streams. Funding sources may include a mix of contributions, grants, awards and sponsorships, and earned income from the sale of goods or services. Under GAAP, these transactions are classified as contributions or exchange transactions, or a combination of both. Some exchange transactions take the form of agency arrangements when the NFP has little discretion over the use of the assets that it receives. Your ability to differentiate between these types of transactions is vital to successful preparation of financial statements in the NFP reporting environment.



This on-demand, interactive course provides real-world examplesto help you understand how to distinguish contributions from exchange transactions. You will also learn about basic financial statement presentation and disclosures related to these transactions.

Who will it benefit?
CPAs, financial professionals and NFP board members involved in financial reporting for NFPs or reviewing NFP financial statements.
$ 39.00
AICPA Member Price: $ 29.00
Course is unavailable for purchase.
NASBA Field of Study
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
Last Updated