IAS 20 — Accounting for Government Grants and Disclosure of Government Assistance
Modules of the standard
- Concepts36 publishedNormative and pedagogical mapping.
- Questions79 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers4 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)12 publishedLesson explanations, chapter by chapter.
Practical cases
- Five forms of public support: grant, assistance that is not a grant, or unmet conditionL1Beginner
- Equipment grant: deferred income or deduction from the carrying amountL2Intermediate
- Income grant and asset received free of charge: matching to costs and fair valueL3Advanced
- Grant that became repayable: deferred income, deduction and catch-up depreciationL3Advanced
- Below-market government loan financing a qualifying asset: benefit, IFRS 9 boundary and IAS 23 linkL4Expert
- Government grants file: recognition, presentation, repayment and below-market government loanL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Purpose, scope and definitions
- Purpose and scope of the standardImportant1 question
- Scope exclusionsImportant1 question
- The defined termsCore2 questions
- Forms of government assistanceImportant1 question
Recognition and reasonable assurance
- Reasonable assuranceCore2 questions
- Receipt is not evidenceImportant1 question
- The form of settlementImportant1 question
Government loans: forgiveness and below-market rate
- Forgivable government loansImportant2 questions
- Benefit of a below-market loanCore4 questions
The income approach
- Principle of the income approachCore2 questions
- Systematic basisCore3 questions
- Matching to the costs compensatedCore3 questions
- No direct credit to equityImportant2 questions
- Depreciable assetsCore3 questions
- Costs already incurredCore3 questions
- Specific costsImportant2 questions
Non-monetary grants
- Fair value or nominal amountCore3 questions
Grants related to assets
- The presentation choiceCore3 questions
- Statement of cash flowsImportant2 questions
- Deferred incomeCore3 questions
- Deduction from the carrying amountCore3 questions
- Non-depreciable assetsAdvanced1 question
Grants related to income
- Presentation of income grantsCore3 questions
- Further presentation pointsImportant1 question
Repayment of a grant
- A change in estimateCore3 questions
- Repayment of an asset grantCore4 questions
- Repayment of an income grantCore3 questions
- Impairment reviewImportant3 questions
Other government assistance
- Other government assistanceAdvanced1 question
Disclosures
- Accounting and presentation policyImportant1 question
- Nature and extent of assistanceImportant2 questions
- Unfulfilled conditions and contingenciesAdvanced1 question
Transition and effective dates
- Effective datesAdvanced1 question
Boundaries with other standards
- Boundary with IFRS 9Important3 questions
- Capitalisation of borrowing costs (IAS 23)Important3 questions
- The cost of a fixed asset (IAS 16)Important2 questions