How to Account for Government Grants (IAS 20) - applies in 2024

[@mobin-despoubellespascomme7727]

nicely explained..so easy and simple to understand..just the volume is low..had to put my earphone and increase the volume to max to listen..but really informative..

[@tami13ful]

Thanks a lot for all the handwork you put together to make these amazing videos to teach us for free!!! thanks alot :)

[@Apollwnas91]

I have ICAEW book for upcoming FAR exam and this video puts it to shame - so much simpler thanks Silvia!

[@kamranashraf8786]

Thanks Silvia. Kindly consider this scenario. " an entity receives loan of USD 1,000,000 from Government @ LIBOR-3%. How we account for it?

[@ahmadullahmeer8460]

Thank u so much ... brief and comprehensive and can be easily understand ...From Pakistan

[@OM-rm4ro]

This z crisp & to the point . Thanks

[@jasonbig2653]

6 years old video still helps, thanks!

[@kautilya21]

Thanks, I am struggling with that in CIMA F1. Could you also cover the repayment of grants?

[@rosemarievillapa5086]

Thank you maam for this video lecture, I really learned a lot!

[@polenforu]

thank you for sharing this video to us, very helpful

[@malebsm]

Hi i just came across this, may I as, how do we then account for revenue from government as part owner?

[@judeandeh]

How do you account for a situation where a business receives a PPE from donors (as gift) without any condition, how do you account for this?

[@sushdipfamilyvlogs3818]

We did this in during covid furlough in UK

[@dardabeees]

Hi, what about Non-Government grants (Supplier Credit) if the supplier gives a credit to be used as payment method for a period of time!

[@abakumovvansin8238]

I just received the confirmation for my Grant approval and I can't tell you how overwhelmed I am for this great feature. This was a very crucial moment for me as my deadline for my paying my college fees was I have never experienced kindness and help like you displayed It's difficult to Beleive that anyone could be as nice as you are to someone like me. God bless you. I am scholar in college and I have high hopes for my future,

[@richardday6223]

I'M NOT AN EXPERT WHEN IT COMES TO THIS BUT I CAN CONFIDENTLY TELL THAT THIS PLATFORM IS AMAZING AND EVER SINCE I FOUND OUT ABOUT THEM LIFE HAS GOTTEN EASIER 5 TIMES , I HAVE MY OWN HOUSE NOW AND I STILL MAKE A LOT FROM THIER LOAN INVSTMENT EVERY WEEK, ITS OUTSTANDING

[@iancliffordbadlon1757]

thanks Silvia. Great summary!

[@probodhamadusanaka2632]

Hi Silvia, I hope this message finds you well. I have a question in relation to revenue grants. Since revene grants are either recognized as other income or written off against the expense that the grant compensates for, my question is what happens to the receivable amounts (if there is any) as we are dealing with PnL. Isnt it off balance sheet item? For example we may get a reveneue grant which we woud receive the following month after the expenses so by the end of the year there can be a receivable amount which not got captured as we recognizing the income in PnL. Isnt it advisable to have a grant control account in this situation ?

[@CPDbox]

If you have the right to receive a grant, then you actually recognize a grant receivable when that right arises.

[@HienTran-nj4nn]

Character In the video It's great, I like it a lot $$

[@zuzannabogucka5316]

really helpful video, nicely explained topic, good presentation as well, thank you!

[@maameakosua8937]

Wow you don’t have a video on borrowing costs??💔💔🙉

[@CPDbox]

Actually, good question. I think I just forgot :) Thanks for the tip!

[@stefanosdemetriou2429]

God bless you. Very clearly explained

[@the_bna5395]

do you make a video about the recognition of the grant itself? thanks for the basic explanation btw

[@abubakarisah4301]

how about the treatment of grant to government own entities? thank you

[@labal25]

Many thanks, been searching for "government grant money for individuals" for a while now, and I think this has helped. You ever tried - Honincoln Ziyvery Approach - (search on google ) ? Ive heard some awesome things about it and my cousin got cool results with it.

[@TheVinceatkins]

why dd you credit deferred income for grants related to future costs? isnt it only for grants related to assets which we credit?

[@khizarabid8414]

+TheVinceatkins Many thanks, I've been looking for "apply for a government grant online for free" for a while now, and I think this has helped. Have you heard people talk about - Honincoln Ziyvery Approach - (Have a quick look on google cant remember the place now ) ? Ive heard some unbelievable things about it and my cousin got excellent success with it.

[@rahmanonimisi2917]

Because the expenses is in the future therefore, you've to match the grant to the period of the expense proportionately.

[@cookwithme6926]

Hey any any one tell me grants for expenditure how to pass entries in tally

[@laisallana7786]

thanks for sharing Silvia, very helpful!

[@zidanestarr]

Hi Silvia if the government Grant's land with an obligation to build property. Should the initial accounting be dr. Land and credit liability for the Fv of the grant of land?

[@CPDbox]

You would credit deferred income, to be more precise, and amortize this deferred income in profit or loss over the period of property's useful life or so - please see paragraph IAS 20.18

[@zidanestarr]

@@CPDbox Hi Silvia thank you for your response! I came to the same conclusion.

[@kokilas9227]

WHERE CAN I FIND TYPES OF GOVERNMENT GRANTS?

[@郑美丽-s6e]

Thanks for sharing this is very very useful!

[@kristomagno]

Thanks for sharing Silvia.

[@hasanbabayev9569]

great helpful for me. thanks Silvia

[@brshankar2010]

very well presented, thank you

[@attiafatima9096]

thanks

[@michaelbeck7929]

Very good video.

[@zvikomborerolisahkamupira4780]

really useful, thank you

[@kse2881]

fantastic, thank you !

[@Kuchbihai]

Its vry easy to learn..... Good. 😘

[@marcygalvan6714]

Akbar Shaikh

[@mohamedhiras4219]

good effort.

[@JalalKhan-iz6uz]

Thanks a lot mam

[@holybuk3138]

thanks Silvia

[@blackm9063]

great

[@shamimaakter5580]

Sound is less....

[@romeshjadrian]

good one

[@nokhethosharon1659]

THANK YOU!!!!

[@niamakki216]

Extremely

[@arnabtapadar6627]

u speak so slow...

[@CPDbox]

You watch so fast :)