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IAS 20 Accounting for Government Grants and Disclosure of Government Assistance

International Accounting Standard 20

Overview of IAS 20

  • Issued: in 1983, followed by amendments
  • Effective date: 1 January 1984
  • What it does:
    • It defines government grants, government assistance, government, grant related to assets, grants related to income and forgivable loans.
    • It states conditions for recognition of grants and measurement of non-monetary government grants.
    • It outlines presentation rules for:
      • Grants related to assets;
      • Grants related to income.
    • It describes how to deal with repayments of government grants.
    • It sets the disclosures in respect of government grants and assistance.

Articles about IAS 20

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