Accounting and presentation policy

Learning objectives

• Identify the disclosures about the accounting policy and the methods of presentation adopted for grants.L2, L3

Normative references

• IAS 20 §39Disclosures: accounting policy and methods of presentation; the nature and extent of grants and other assistance recognised; unfulfilled conditions and other contingencies.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Which of these items belongs to the disclosure about the accounting policy applied to government grants?L2