Page 4 - PowerPoint Presentation
P. 4
GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE
Introduction – IAS 20
• Governments often use government grants and
assistance to entice entities to perform in a certain
manner or to achieve certain objectives.
• For example, this could be done by using subsidies.
• Due to the unique nature of these grants and
assistance, special rules apply to the accounting
treatment and disclosure thereof.
4