Covid 19 Grant Funding Received March 2020 - 2019/20 Year end accounting ( We treated as RIA )

Anonymous
Anonymous

Hi All,

we treated this as RIA and the auditors are challenging that this should be treated as unrig fenced grant as per the guidance issued by CIPFA in March.

If we were to now treat this unrig fence grant will it have impact on out material level of the CIES? the accounting I have proposed is Dr RIA and Cr CIES and then Dr MIRS Cr Reserves

you suggestions on this will be highly welcomed 

thanks