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 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.