How are the funds accounted for in a percent deliverable contract?  Is it counted on a cash basis?  I have a contract in which we receive 50% upfront and the remaining 50% of the award upon the completion of year 1 and submission of a progress report.  How would the revenue be accounted for in this instance?

Thank you!!
Kristy

Kristy Ford
Grant Management Manager
Office of Sponsored Programs/MHUMC
4750 Waters Ave. Suite 212
Savannah, GA  31404
(912)350-6379

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