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IAS 20

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 20

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • November 30, 2016 at 4:03 pm #352627
    Muslim Farooque
    Member
    • Topics: 190
    • Replies: 134
    • ☆☆☆

    Sir what will be the treatment of a government grant that is repayable after few years, normally grant may be for expense, or relating to an asset or non monetary assistance and their are various ways for their treatment, but does the way in which we treat them change if its a repayable grant?

    November 30, 2016 at 9:14 pm #352702
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Depends on the probability of having to repay!

    If it is definitely repayable from the moment it is received ie the grant is in effect a loan, then it would be treated as such

    Otherwise, treatment is entirely dependent upon probability

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