To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. DeferreD reveNue Deferred revenue consists of membership dues and amounts received to reserve exhibit booth space and registration fees for annual meetings, conventions and seminars. The Association recognizes convention-related revenues when the convention, meeting or seminar has occurred. Membership dues are recog-nized on a pro-rata basis over the annual membership period. uNrestricteD Net Assets Unrestricted net assets are available for use in general operations. reveNue AND expeNse recogNitioN Support and revenue are recognized in the year in which they are earned, and expenses are recognized when incurred. Expenses paid in advance and not yet incurred are deferred to the appli-cable period. Unconditional promises to give (contributions) are recognized as revenues and assets in the period the promise is received. Conditional promises to give are recognized when the conditions on which they depend are substantially met. fuNctioNAl AllocAtioN of expeNses The costs of providing various programs and other activities have been summarized on a functional basis in the combined state-ments of activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited.
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