10 Cash voluntary contributions are recognized as revenue when WHO gains control of the resource - that is, when the Organization receives cash or a signed agreement. If an agreement includes any "subject to" clauses (such as being subject to the availability of donor’s funding, parliamentary approval or economic conditions) WHO does not control the resource and does not record an amount receivable or revenue.
20 The entire agreement amount (without any "subject to" clauses) will initially be recorded as revenue on award creation. Any payments that are conditional on a specified future date, are recorded and tracked as "not yet due". An entry is made to deduct all amounts not yet due from revenue, and to enter them as deferred revenue at year end.
