[Verse 1] Sarah writes a check to help the shelter grow Fifty thousand dollars, watch the ledger glow But attached conditions make the bookkeeper pause Revenue waits until we've satisfied each clause [Chorus] Conditions block the door, restrictions paint the floor One stops recognition, one just tells you more CARR principles guide us through the maze Conditions Are Revenue Roadblocks, restrictions just amaze Donor says "when," donor says "how" Timing makes the difference now [Verse 2] Grant arrives with strings attached so tight Build a playground by December thirty-first night Performance obligation locks the funds away Until swings are swinging, slides are here to stay [Chorus] Conditions block the door, restrictions paint the floor One stops recognition, one just tells you more CARR principles guide us through the maze Conditions Are Revenue Roadblocks, restrictions just amaze Donor says "when," donor says "how" Timing makes the difference now [Verse 3] Scholarship money tagged for student aid Restriction noted, revenue parade No barrier exists to claim it as our own Just promise kept for education's throne [Bridge] Unconditional gifts hit books today Conditional pledges must wait and obey Net assets change but categories shift Temporary holds versus permanent gift [Chorus] Conditions block the door, restrictions paint the floor One stops recognition, one just tells you more CARR principles guide us through the maze Conditions Are Revenue Roadblocks, restrictions just amaze Donor says "when," donor says "how" Timing makes the difference now [Outro] Read the fine print twice before you book FASB guidance deserves a closer look Contributions fuel our mission's fire Revenue recognition lifts us higher
← Fund Accounting Fundamentals | Deferred Contribution Method →