Written by: Barbora Choi on Tue Nov 04
IAS 20 Government Grants and Disclosure of Government Assistance
There are three types of government assisstance: related to income, assets (capital grants) and non-monetary.
"Nothing lasts longer than a temporary government program."
IAS 20 Government Grants and Disclosure of Government Assistance might be the oldest IFRS Standard out there.
Can you guess its effective date?
Accounting Standards in 15 Seconds including real world examples.
headline quote by Ronald Reagan
