"We believe the Proposed Update should clarify that if a transfer of resources does not constitute an exchange transaction and is not a payment from a third-party payor on behalf of an existing exchange transaction between the recipient and an identified customer, the accounting should follow the contribution model in Topic 958-605. We suggest explicitly stating that there is no requirement to describe the transaction as a “contribution” on the statement of activities. The line item may be described as “Government Contract Revenues,” “Government Grants,” or any other relevant description," said the Society.