Grant Funds Received Before Time Requirements Are Met, but After

question 53

True/False

Grant funds received before time requirements are met, but after all other eligibility requirements have been met, should be reported as an asset and a deferred inflow of resources by the recipient.

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Definitions:

Recognitions

The act of acknowledging or awarding someone for their achievements, skills, or service, often in a formal manner.

Résumé

A document prepared by an individual that summarizes their employment history, education, skills, and accomplishments for job applications.

Excellence

The quality of being outstanding or extremely good in some capacity.

Applied Training

Training that is directly related to and used in the performance of a specific job or function.