SSAP 4 (Revised) Accounting for Government Grants. By Duncan Williamson

Duncan Williamson illustrates the rules found in SSAP 4 (revised) for the Accounting for Government Grants

Background
SSAP 4 Accounting for Government Grants was published in 1974 and amended in October 1992, it asks us to do one of two things:

• recognise government grants in the profit and loss account to match them with expenditure towards which they are intended to contribute
  
• record government grants in the balance sheet to the extent that they have not yet been applied

Most cases of accounting for government grants will be straightforward: why

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