Nonprofits must adopt a mix of nonprofit-specific as well as more general accounting standards. Take a deep dive into Revenue Recognition for Grants & Contracts and its interplay with Topic 606. Review the accounting for various CARES Act funding. Learn what you need to consider to implement standards impacting nonprofit entities, including the definition of collection, goodwill amortization and accounting for contributed nonfinancial assets (GIKs) for nonprofits..