Accounting for promises: The impact of SFAS No. 116 on charities

Patricia L.D. Derrick

Research in Accounting Regulation, 2013, vol. 25, issue 2, 208-219

Abstract: SFAS No. 116, Accounting for contributions made and contributions received, issued in 1993, requires that nongovernmental organizations, both proprietary and nonprofit, recognize unconditional promises to give as current period revenue. This study examines whether charities—organizations that rely heavily upon contributions—are affected by SFAS No. 116 adoption along two dimensions: whether an accounting effect exists, and whether a subsequent economic, or behavioral impact is felt by charities reporting positive adjustments to net assets when adopting SFAS No. 116.

Keywords: Charities; SFAS 116; Contributions (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reacre:v:25:y:2013:i:2:p:208-219

DOI: 10.1016/j.racreg.2013.08.005

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