Special Events Revenue Explained

In this episode, Tricia and Yev dive into the world of nonprofit special event, from galas to golf tournaments. They break down the accounting and audit considerations around special events revenue, including bifurcation of exchange vs. contribution elements, ASC 606 analysis, and financial statement presentation options. Whether you're planning your first fundraiser or preparing for year-end audits, this episode is packed with practical insights, and a few laughs!