1. IAS 20 Government Assistance & Grants

1. Definitions and Scope

1-1 Introduction (Definitions) [O]

2. Recognition

3. Presentation & Disclosure

3-1 Presentation and Disclosure [I]

4. Repayment

4-1 Repayment of grant [I]

YouTube Video (19 minutes)

Notes PDF - FL055

Query: Sir grant related to income for partial repayment is  same as grant related to asset partial format?

Response: No. The treatment of repayment of grant related to income is same (whether full repayment or partial repayment). The treatment is: reduce Deferred grant income balance (if any), excess amount (if any) to be charged in PL.

5. Comprehensive Examples

5-3 Q&A Accounting Treatments (ICAP Autumn 2019) [R]

5-4 Q&A Corv Limited (ICAP Spring 2021) [O]

5-5 Q&A Xero Limited & One Limited (ICAP Autumn 2022) [I]

5-8 Q&A Three Scenarios (ICAP Spring 2023) [R]

5-9 Q&A Shark Limited (ICAP Autumn 2023) [R]

6. Objective Based Q&A