02-13-2019, 05:45 PM
(02-13-2019, 04:18 PM)Vas Deferens Wrote: Question for you since you may have your bankers visor on. Do you happen to know how grants from companies to public institutions are inevitably booked? Wouldn't doubt if costs associated for these programs / facilities end up getting written off as charitable donations, making them even sexier.
So for a company or organization that is giving a grant, that all depends on the company and how the grants are written up. You could have some that are written off as charitable donations, but some will fall under R&D expenses (which really get capitalized in the costs for whatever you're working on, but that's a looooooonnnnnnnggggggg and boring discussion). There are so many ins and outs on that it can make your head spin, and my days of looking at FASB are behind me.
Really, the side I know most is from the university side and the way those sorts of funds are distinguished from others. Government, or fund accounting is trying to safeguard the public's assets. While there are some similarities to accounting in the private sector, the focus is much different.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
