I have a question about the capital grant accounting. I hope you can help me with it. This is not an acca exam question, but I got it from work.
“A budget holder in authority rings me for some financial advice. They received a capital grant into the Authority in March 2019 but will not spend it until the next financial year.”
What advise can I give him in terms of budget allocation? How does the accounting of grant work? It should relate to next financial year, right?