We discount all of our receivables based on historical data on how much we
actually receive overall.  The federal receivable isn't as
unpredictable as with pharmaceutical studies.  Our discount ranges from 4%
to 33% depending on the funding source.

***************************
Joanne Nicholson, CRA
Henry Ford Health System
xxxxxx@metronet.lib.mi.us
Office (810) 641-4079
Fax    (810) 641-4163

On Wed, 29 Jan 1997, Research Administration Discussion Group wrote:

> This is a question for the post award people:
>
> Currently, a receivable is recorded in the amount a project has been
> awarded at the beginning of the project year.  An administrator is
> questioning this practice because of the large receivable amount
> shown on our yearly financial statements.
>
> What is the practice of the other institutions out there regarding
> receivables?  Any help would be appreciated.
>