pass-through contributions and FASB 136

by Lawrence Smith
(Albuquerque, NM, USA)

Does FASB 136 apply to Churches?

Comments for pass-through contributions and FASB 136

Click here to add your own comments

Jun 05, 2013
fasb 136
by: Anonymous

"Transfer of assets to a not-for-profit organization or Charitable trust that raises or holds contributions for others (ISSUED 6/99)"

easier to read here: http://www.nysscpa.org/cpajournal/2000/0100/f46100a.html

I checked out the FASB site but the language is not user friendly....
I believe it is about Trusts and donations that are not really donations...(people keeping control)

make sure your church policies have "all donations are under the church council control" (or something to that effect)
do a policy search on Vicki's site to help you out :-)

good luck!
Prayers

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Accounting.



Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!





Recommended Resource!

Online classes/courses on how to use QuickBooks Desktop and QB Online for a church! 

Click here for more details!

Use coupon code "FCA" for 10% discount!