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UK Gaap pp 861-872 | Cite as

Government grants

  • Mike Davies
  • Ron Paterson
  • Allister Wilson

Abstract

Government grants are defined in SSAP 4, the relevant accounting standard on the subject, as ‘assistance by government in the form of cash or transfers of assets to an enterprise in return for past or future compliance with certain conditions relating to the operating activities of the enterprise’.1 Such assistance has been available to commercial enterprises for many years, although its form and extent have undergone many changes according to the shifting economic philosophies of the government of the day.

Keywords

Balance Sheet Capital Expenditure Explanatory Note Disclosure Requirement Related Expenditure 
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References

  1. 1.
    SSAP 4, Accounting for government grants, Accounting Standards Committee, Revised July 1990, para. 22.Google Scholar
  2. 2.
    SSAP 4 (Original), The accounting treatment of government grants, April 1974, para. 2.Google Scholar
  3. 3.
    Ibid., para. 9.Google Scholar
  4. 4.
  5. 5.
    ED 43, para. 27.Google Scholar
  6. 6.
    CA 85, Sch. 4, para. 17.Google Scholar
  7. 7.
    Ibid., para. 5.Google Scholar
  8. 8.
    SSAP 4, para. 15.Google Scholar
  9. 9.
    Ibid., para. 24.Google Scholar
  10. 10.
    Ibid., para. 27.Google Scholar
  11. 11.
  12. 12.
    Ibid., para. 23.Google Scholar
  13. 13.
    SSAP 4 (Original), para. 9.Google Scholar
  14. 14.
    CA 85, Sch. 4, para. 8.Google Scholar
  15. 15.
    SSAP 4 (Revised), para. 28(b).Google Scholar
  16. 16.
    Ibid., para. 18.Google Scholar
  17. 17.
    Ibid., para. 28(a).Google Scholar
  18. 18.
    Ibid., para. 28(b).Google Scholar
  19. 19.
    Ibid., para. 29.Google Scholar
  20. 20.
    CA 85, Sch. 4, para. 50(2).Google Scholar
  21. 21.
    SSAP 4, para. 28(c).Google Scholar
  22. 22.
    Ibid., para. 17.Google Scholar
  23. 23.
    Ibid., para. 7.Google Scholar
  24. 24.
    Ibid., para. 23.Google Scholar
  25. 25.
    Ibid., para. 9.Google Scholar

Copyright information

© Ernst & Young 1992

Authors and Affiliations

  • Mike Davies
    • 1
  • Ron Paterson
    • 1
  • Allister Wilson
    • 1
  1. 1.Ernst & YoungUSA

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