IAS 20 Government Grants fully explained Recognition, Measurement & Repayment (IFRS)
Автор: Finance Zaby
Загружено: 2026-03-09
Просмотров: 12
Описание:
Master IAS 20 Government Grants in this clear, exam-focused video. Learn definitions, recognition rules, measurement choices (deferred income vs net presentation), repayment accounting with journal entries, and required disclosures — perfect for ACCA//IFRS students.
What you’ll learn
✅ What a government grant is (simple definition + example)
✅ Difference between revenue and capital grants
✅ Recognition criteria and when to treat assistance as non-monetary (training)
✅ Two measurement/presentation methods: Deferred-income (liability) vs Net presentation (deduct from asset)
✅ How to account for partial and full repayments under both methods (journal entries + P&L effects)
✅ Practical example worked through (asset cost, grant amount, useful life)
✅ Disclosures required under IAS 20 and exam answering tips
Worked Example (short)
Asset cost = $50,000; Grant = $10,000; Life = 5 years
Deferred-income method: record asset at full cost, liability = $10,000; recognize $2,000 grant income each year.
Repayment: if full repayment after 3 years, remaining deferred income $4,000 → immediate derecognition; remaining $6,000 already recognized → loss = $6,000.
#IAS20 #GovernmentGrants #IFRS #Accounting #ACCA #ExamPrep #SBR #FR
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