IAS 20 Government Grants

15 Comments
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Comments

  1. Avatar of ai1989 ai1989 says:
    November 21, 2012 at 6:32 am

    mike is the best.

  2. Avatar of aqsa786 aqsa786 says:
    November 17, 2012 at 1:50 pm

    agreed
    above comments

  3. Avatar of sharlene17 sharlene17 says:
    August 18, 2012 at 9:05 pm

    an example is required to be able to understand fully the lecture on gov’t grant. I thought i would have seen an excersise on how to record the gov’t grant.

    • Avatar of Miss A.. Miss A.. says:
      November 16, 2012 at 2:25 pm

      @sharlene17, agreed

      • Avatar of MikeLittle MikeLittle says:
        November 16, 2012 at 4:37 pm

        @Miss A.., For Heaven’s Sake!! There’s nothing to the subject – it’s a straight-forward choice of two methods! I wasn’t going to even record it because it’s so bl**dy simple but I was persuaded to because not all the chapters were covered by lectures.

        READ IT FOR YOURSELVES – THERE REALLY IS NO MORE BASIC SUBJECT. Here, pass me a tissue and I’ll wipe your nose for you too!

        • Avatar of Miss A.. Miss A.. says:
          November 16, 2012 at 8:03 pm

          @MikeLittle, hmmm…….but my rose is not running Mr.Mike.

          soory…but i found response rude.It was kinda of suggestion from all students & i agreed to that.I know a 25 mark question cannot appear from this area, but a small part of question can carrying 2 to 5 marks can appear.In exam even I mark matters if one gets 49.It oks if not all chapters are covered by lectures.I still appreciate your efforts :)

          • Avatar of MikeLittle MikeLittle says:
            November 17, 2012 at 3:28 pm

            @Miss A.., Ok, here’s a response to Sharlene’s original post. Now concentrate REALLY hard because it’s a very tricky area!

            “I thought I would have seen and excercise ( sic ) on how to record the gov’t grant”

            Here we go!

            Debit cash, Credit either TNCA or Deferred Income ( if it’s an asset related grant or…
            the related expense account

            Is that one whole lot better?

  4. Avatar of noldis noldis says:
    June 3, 2012 at 2:46 pm

    I agree to the earlier comments. This lecture is useless because I can read the text myself :) . More valuable would be to have explanation of this text with some practical example on how to record these transactions in Financial statements

  5. Avatar of moses27 moses27 says:
    April 14, 2012 at 6:22 pm

    A numerical example could have made the notes more comprehensible

  6. Avatar of acnca acnca says:
    March 20, 2012 at 10:05 pm

    So what is the deffered grant income?Is it considered as a liability to the receiving organization or is it an asset?

  7. Avatar of firedsaleem firedsaleem says:
    March 20, 2012 at 5:44 pm

    there should be numerical examples to make understanding of the clear…….just reading of the ias will not work……..please improve your lectures…….

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