• Quinn

    Member
    August 13, 2026 at 8:06 pm

    Yes, that could potentially be a condition, but the wording of the grant agreement matters. Under ASC 958-605, specific requirements around qualifying expenses can create a barrier to entitlement, particularly where funds must be returned if those requirements aren’t met.
    If it is conditional, I’d generally expect revenue to be recognised as the conditions are met, rather than booking the entire award immediately. For a multi-year grant, that could mean recognising amounts as each year’s qualifying requirements are satisfied.

    • This reply was modified 1 day, 6 hours ago by  Quinn.

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