Larson & Company's Kyle Robbins, CPA, covers accounting procedures for PPP loan forgiveness specifically for nonprofit organizations.

Chapters:
0:00 Introduction to Nonprofit Accounting
1:00 Overview of Debt and Grant Models
2:00 Debt Model Explanation
4:30 Pros and Cons of the Debt Model
5:40 Introduction to the Grant Model
6:40 Conditions for Recognizing Contribution Income
7:00 Three Approaches to Recognize Contribution Income
8:40 Second Approach Final Forgiveness Calculation
9:40 Third Approach Receiving Forgiveness
10:15 Pros and Cons of Each Approach
12:15 Disclosure Requirements for PPP Loans
13:20 Disclosure of Conditional Contributions
14:05 Debt Model Example and Accounting
15:30 Grant Model Example and Accounting
17:15 Contact Information and Closing Remarks

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