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a practical question about capital grant accounting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › a practical question about capital grant accounting

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 30, 2019 at 7:14 pm #521588
    katieliu
    Member
    • Topics: 18
    • Replies: 19
    • ☆

    Dear Tutor,

    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?

    Thank you so much in advance for your help.

    Katie

    July 1, 2019 at 4:39 pm #521616
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54681
    • ☆☆☆☆☆

    I am sorry but I cannot help you because it is not examinable in Paper MA.

    Best would be to ask your auditors for their advice 🙂

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘a practical question about capital grant accounting’ is closed to new replies.

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