Skip to content
Sign inRegister

Ask the Tutor ACCA SBR

IAS 20

EEhsan9y ago
Dear Chris, Do we recognise government grant when we have fulfilled the condition or when we believe that we will fulfill it? Regards
P2-D2P2-D2Tutor9y ago#1
Hi Ehsan, The two things would usually occur at the same time. If we believe that we have fulfilled the conditions then that is when we have fulfilled them too. Thanks
EEhsan9y ago#2
Ahan, for example, if the government is willing to provide a grant if we open our branch in a particular site. So, if we believe that we will open the site in foreseeable future, would we recognize it?
P2-D2P2-D2Tutor9y ago#3
No, we will need to have opened the site if that is one of the criteria.
Sign into reply to this topic.