Hi everybody. I am gonna take the Far in october. I have a question.
what is the difference between unconditional promise and unrestricted promise? what is the difference between conditional promise and restricted promise? is that possible that an unconditional promise is also a restricted promise?
Joined: 14 Nov 2010 Location: United States
Online Status: Offline Posts: 144
Posted: 09 Sep 2012 at 22:31 | IP Logged
gengxinphilip :
the webpage
http://www.nonprofitaccountingbasics.org/contributions/un
conditional-promises-give lucidly talks about
unconditional promise, in the context of NFP accounting;
the webpage
http://www.nonprofitaccountingbasics.org/contributions-
financial-statementsreporting/fas-116 deals similarly
with unrestricted promise
-=-=
hope this helps
-=-=-
passed all 4 papers 2011
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