When do I have to book a multi-year pledge, Accounting Standards

When do I have to book a multi-year pledge, Accounting Standards

Assignment Help:

Hi,

I work at a non-profit that recently received a $250,000 stock donation which is payment for a $1M pledge. The donor has written in an e-mail that he would like to give us the $1M. I know we recorde the $250,000 already received as revenue but am I required to book the $750,000 pledge if the donor plans to send $250,000 the next 3 years? We would rather not record the pledge in case the donor decides not to fulfill the pledge but didn''t know if accounting rule requires us to record the pledge.

Related Discussions:- When do I have to book a multi-year pledge

Journal - accounting process, Journal is an every days record of business t...

Journal is an every days record of business transactions, this is also termed a 'Day Book' and is used for recording every day transactions in the order wherein they arise. It is

Accounting Standard, what is accounting Standard

what is accounting Standard

Financial accounting, hi i need help in assignment

hi i need help in assignment

Accounting for government and nonprofit 15 edition - wilson, What is the di...

What is the difference between governmental type activities and business type activities and can you give some examples of each?

Goodwill., Dear Sir, I am an accountant working in a company with limited ...

Dear Sir, I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our company. One of the existing partner (B) of the comp

Pruthviraj, Explain in Details Return on Investment

Explain in Details Return on Investment

Objectives of final accounts, Objectives of final accounts describe ...

Objectives of final accounts describe Final Account; know their objectives and preparation of Trading and Loss and Profit Account; find out the difference among Trad

Conceptual Framework , i have an assignment that is requiring me to build m...

i have an assignment that is requiring me to build my own Accounting framework. this assignment is not a research or textual assignment it must have a thinking process, so i can an

Prepaid expenses, Prepaid Expenses In many conditions, like a custom, s...

Prepaid Expenses In many conditions, like a custom, some of the item of expenses is generally paid in advance such as rent, taxes, insurance and subscriptions. The rationale of

Balance sheet, Balance sheet is related along with reporting the financial ...

Balance sheet is related along with reporting the financial position of an entity on a specific point in time. Such position is conveyed in terms of listing all the things of value

Write Your Message!

Name

Email id

Message

Verfication Code

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd