hi if the company which has received the government grant, and if the conditions are not satisfied in the process (after they received and when company recognize the government grant as revenue over the period as per government grant agreement), then those portion that have not satisfied must be recognized as provision ?
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provision, government grant
7y ago#1It doesn't really matter what the liability is called - provision or "other payable" - as long as it's correctly classified (current/non-current) and adequately disclosed (if material).
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