The Parliamentary Grant: Operating Revenue or Source of Finance?

Rutherford, BA (1996) The Parliamentary Grant: Operating Revenue or Source of Finance? Public Money and Management, 16 (2). pp. 4-5. ISSN 0954-0962. (The full text of this publication is not available from this repository)

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Abstract

This article discusses arguments addressing parliamentary grants as operating revenue or a source of finance in Great Britain. From an accounting standpoint, the most important point of difference between government and private sectors is the nature of the receipts which cover non-capital outlays. Parliamentary grants should be treated by central government accounting entities as a form of revenue and thus shown in the operating statement as income, and in the cash flow statement as an operating flow. The government was clear about the extent to which individual grants were intended to cover revenue expenditure or provide finance.

Item Type: Article
Additional information: Editorial Material
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculties > Social Sciences > Kent Business School > Accounting and Finance
Depositing User: Brian A Rutherford
Date Deposited: 06 May 2009 12:00
Last Modified: 14 Jan 2010 14:19
Resource URI: http://kar.kent.ac.uk/id/eprint/5157 (The current URI for this page, for reference purposes)
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