IAS 20Chapter 2Lesson 1
Recognising a grant: reasonable assurance
Step 1 of 7Learning objectives
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A grant enters the accounts only if two things are reasonably assured: compliance with the conditions and receipt of the amount.
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Learning objectives
- State the two conditions for recognising a grant.
- Apply these conditions to the facts of a case without inventing a threshold.
- Explain why receipt of cash is not enough to prove compliance with the conditions.