• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
OpenTuition | ACCA | CIMA

OpenTuition | ACCA | CIMA

Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Forums
  • Search
  • Register
  • Login
  • Latest
  • ACCA
  • Ask ACCA Tutor
  • OBU
  • CIMA
  • Ask CIMA Tutor
  • FIA
  • Buy/Sell
  • Qualified
  • Forum Rules

Instant Poll/Comments: AA exam was | AAA exam was | TX exam was | ATX exam was | SBL exam was
PM exam was | APM exam was | FM exam was | AFM exam was

IAS 38

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 38

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 22, 2021 at 8:40 am #607506
    huiyu98
    • Topics: 4
    • Replies: 0
    • ☆

    May i ask how to accounted for intangible asset that acquired by government grant? Should it accounted accordance with ias 38 or ias20?

    January 22, 2021 at 10:38 am #607528
    Stephen Widberg
    Moderator
    • Topics: 8
    • Replies: 1365
    • ☆☆☆☆☆

    Imagine it’s a licence

    Dt Intangible Cr Cash with money paid

    Dr Cash Cr Deferred income with grant received

    But if licence was actually given to you by the government, I would go for:

    Dr Intangible Cr Deferred income with either a nominal amount ($1) or the fair value (hard to measure)

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from our materials please donate

Donate now

You can also "donate your time" and help out other students on the Students Forums

Specially for OpenTuition students

20% off ACCA Books

Get BPP Discount Code

Latest comments

  • chongyeewern on LW Global Chapter 9 Questions Documents found in international trade
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • sulnoori2019 on Accounting for Management – ACCA Management Accounting (MA)
  • miraijones on Chapter 7 – Tax Adjusted Trading Losses – Individuals – ACCA Taxation (TX-UK) lectures
  • danisim on CIMA BA3 Depreciation (part e)

Copyright © 2021 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy