Resource: Revenue Recognition for Independent School Tuition

(from CliftonLarsonAllen) Implementation of the FASB revenue recognition standard, Accounting Standards Codification (ASC 606): Revenue from Contracts with Customers, is raising questions and creating challenges in the financial departments of independent schools. How and when to recognize revenue tuition and fees is particularly complex. CliftonLarsonAllen created a white paper for independent schools in 2018 that illustrates the steps that CFOs and finance professionals in independent schools will need to take to comply with the FASB guidance. 

Download the CLA white paper.

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