ps FAQ IPSAS in a Certificates E-learning ome ssessment GE ome > e-assessment 117300 2. A not-for-profit organisation, focused on protecting children from violence, exploitation and abuse, receives a grant of USD 300,000 from an international organisation to support its action in March 2020. The way the money should be used is stipulated in broad terms. At the end of the year in which the grant was received, the not-for-profit organisation must provide the donor with a report on the results achieved. How should the not-for-profit organisation account for this transaction? a. Revenue should be recognised at the time of receipt of the grant (in March 2020). b. Revenue should be deferred until after the report on the results achieved has been provided to the donor C. None of the other answers is correct. Nection d. Revenue should be deferred until after the report on the results achieved has been accepted by the donor. e. The amount of the grant received should be disclosed in the notes. Previous question AB i o Type here to search