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6:49
YouTube
NextGen Ledger
IAS 20 Explained: Accounting for Government Grants and Assistance
Is government funding really free money? 00:00 Introduction 00:41 All five steps 00:59 What is a grant?(grant vs assistance) 01:14 Government grant 01:33 Grant vs assistance 01:56 Not government grants 02:15 When to recognize it 02:26 Recognition criteria 02:57 Asset vs income (a fork in the road) 03:10 Asset grants vs income grants 03:29 How ...
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