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IAS 20Accounting for Government Grants and Disclosure of Government Assistance

IAS 20Chapter 7Lesson 1

Grants related to income: where to present them?

Step 1 of 7Learning objectives

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An income grant is presented in profit or loss, either as separate income or as a deduction from the expense it compensates; the result is the same.

20 minNot started

Learning objectives

  • Distinguish the two presentations of an income grant.
  • Record the entry matching each presentation.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IAS 20 — Accounting for Government Grants and Disclosure of Government Assistance

  1. 1 · Not startedPurpose, scope and definitions0 / 1 lesson
  2. 2 · Not startedRecognition and reasonable assurance0 / 1 lesson
  3. 3 · Not startedGovernment loans: forgiveness and below-market rate0 / 1 lesson
  4. 4 · Not startedThe income approach0 / 1 lesson
  5. 5 · Not startedNon-monetary grants0 / 1 lesson
  6. 6 · Not startedGrants related to assets0 / 1 lesson
  7. 7 · Not startedGrants related to income0 / 1 lesson
  8. 8 · Not startedRepayment of a grant0 / 1 lesson
  9. 9 · Not startedOther government assistance0 / 1 lesson
  10. 10 · Not startedDisclosures0 / 1 lesson
  11. 11 · Not startedTransition and effective dates0 / 1 lesson
  12. 12 · Not startedBoundaries with other standards0 / 1 lesson