Apologies if this has been raised before, but I couldn't see via the search function.
What's the consensus on accounting treatment for CJRS under FRS102, in terms of accruing for the receipt? Ie, staff furloughed in March, but grant not received until April. If staff furloughed for all of March, then at 31 March they are on furlough, reasonable assurance they will meet conditions (having been off for more than 3 weeks) and reasonable assurance the grant will be received. My take is to accrue the income - debit balance sheet, credit P&L at 31 March for the monies to be received so the income matches with the wage expense.
How about staff furloughed on, say 23 March? At 31 March there is still reasonable assurance they will meet the 3 week condition and the grant will be received, but they have not technially met the conditions at that point (even though it will be clear they will be furloughed for the qualifying period). Do you still accrue the proportion 23 - 31 March into the March accounts, or leave and recognise the grant in full in April?
Again, apologies if this has been raised before, or perhaps it hasn't because it's blindingly obvious!