Learn how to account for government grants and other assistance under IAS 20
Understand the basic requirements and principles of IAS 20, Accounting for Government Grants and Disclosure of Government Assistance. Acquire foundational knowledge that will empower you to assist clients in accounting for and disclosing government grants and other forms of assistance.
You will learn key principles, including:
- the definitions of government grants, government
assistance, and other relevant terms,
- grant conditions, and
- recognition, measurement, and presentation requirements.
Compete in the modern business environment
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Practical learning through realistic scenarios
The interactive learning elements and real-life examples will help you implement the key concepts you learn in this course.
The real-world case studies will allow you to practice what you learn and apply your knowledge of international accounting standards.
Who Will Benefit
- Accounting and finance professionals who work for
private or public multinational organizations that have adopted IFRS
Standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.
Key Topics
- Definitions of government grants, government
assistance, and other relevant terms
- Grant conditions
- IAS 20’s scope
- Recognition, measurement, and presentation
requirements
- Disclosure requirements
Learning Outcomes
- Recall how to account for government grants and other assistance relating to revenue or assets.