IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
Overview
Entities can receive different government grants. There might be conditions attached to them. They might be received in cash, as a reduction of a liability, as part of a package of financial or fiscal aids, etc. Grants might be given to an entity to help finance a particular asset or other expenditure.
The question arises: what grants are within the scope of IAS 20, and what are the specific recognition and measurement criteria related to these grants?
This course will enable you to:
identify government grant and government assistance in the scope of IAS 20;
distinguish grants related to assets and grants related to income;
identify proper accounting treatment in the case of grants related to assets and
grants related to income;
review and understand disclosure requirements of IAS 20.
This e-learning course takes approximately 50 minutes to complete, and as such, it can provide 1 learning hour – 1 CPD point based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.
In case you need CPA CPE credit points, please contact us for the certificates.
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Further information:
Training hours: 50 minutes
CPD: 1.0
Language: English
- Topics: IFRS, Reporting
- Sector: Corporates
Training method: E-learning
Type: Single course
Geographic relevance: Global
This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.
