While this session won’t answer the underlying question of why accountants make everything so hard, it will help you understand the true character of government and foundation grants your land trust receives and prevent surprising audit adjustments. Learn how to analyze each grant you receive to determine how to record it and prepare for the impact it will have on your net income and cash flow. This session is designed for both users and preparers of financial info (executive directors, development directors, fiscal directors, etc. ) Discussion topics will include: distinguishing restrictions from conditions; accounting for and reporting on conditional awards; how to make the impact of receiving and using restricted grants clear on your financial reports; dealing with the impact of cost reimbursement agreements on your cash position and why waiting for the auditor to sort it all out may be a really bad idea.