The first eligibility requirement for non-exchange and exchange transactions is the TIME REQUIREMENT.
The time requirement are made clear by the resource provider or legistlation; that time specified must be followed completely. If the time requirement is not specified, then no condition exists and revenue can be recognized as soon as other eligibility requirements are met.
A second eligibility requirement for non-exchange and exchange transactions is the REQUIRED CHARACTERISTICS OF RECIEPENTS.
This requirement means that in order for you to recieve any funding, you must be qualified with the characteristics based on the provider's guidelines.
The third eligibility requirement for non-exchange and exchange transactions is reimbursement.
Revenue from grants and gifts is often recieved for qualifying expenditures. Revenues for those reimbursements are only recorded when the government has indeed incurred those qualifying expenditures.
The first eligibility requirement for non-exchange and exchange transactions is the TIME REQUIREMENT.
ReplyDeleteThe time requirement are made clear by the resource provider or legistlation; that time specified must be followed completely. If the time requirement is not specified, then no condition exists and revenue can be recognized as soon as other eligibility requirements are met.
A second eligibility requirement for non-exchange and exchange transactions is the REQUIRED CHARACTERISTICS OF RECIEPENTS.
ReplyDeleteThis requirement means that in order for you to recieve any funding, you must be qualified with the characteristics based on the provider's guidelines.
The third eligibility requirement for non-exchange and exchange transactions is reimbursement.
ReplyDeleteRevenue from grants and gifts is often recieved for qualifying expenditures. Revenues for those reimbursements are only recorded when the government has indeed incurred those qualifying expenditures.