IAS 20 - ACCOUNTING FOR GOVERNMENT GRANTS AND THE DISCLOSURE OF GOVERNMENT ASSISTANCE

This video explains the treatment for Government Grants and Assistance as specified by IAS 20

[@FOGAccountancyTutorials]

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[@johncollins5120]

The tutorial was excellent mr... sorry i am finding difficulties with IFRS 15 understanding it please can you share some videos of it ...I will be grateful mr

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[@etambuyu5322]

Hi, thank you for the lesson. However, I can't find the next video on government grants that you mentioned at the end of this video

[@Askpastorfranklindek]

You are my best online teacher so far... I passed my papers just because I saw you videos... I salute you Sir

[@FOGAccountancyTutorials]

I'm glad you are helped. Thanks for the feedback

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[@ericwandera174]

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[@mikelaure7552]

You are really making financial accounting very simple and interesting. Thank you

[@FOGAccountancyTutorials]

Thanks for the feedback

[@ernestgyapong-w2k]

Please double-check your balance sheet treatment for the second method. In year 1 the deferred grant revenue is split between current and non-current liabilities. The portion that will be taken care of within the next reporting period (600 ghc) should be part of current liabilities and the remaining 600gHc treated as non-current liabilities.

[@nkinziruth2582]

Hello.... Thanks so much for the teaching. I need to ask do you have any tutorials on financial reporting or financial management!?

[@umunyabyinshiwokwakanene1813]

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[@ekegodswill5130]

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[@dusabimanaclemence557]

thank you ,explaining well this IAS 20.WITH WELL UNDERSTANGING EXAMPLES.

[@lungowemubukwanu1801]

You're the best indeed. Am grateful for coming across your videos, am really understanding the concepts. God bless from Zambia.

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I always enjoy the mode of lecturing

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You're teaching with talent and effort.... Thank u sir

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How do you do this?? Mann!! Your teaching skills is top top notch. You need to be studied 🙇🏾‍♀️

[@lumkelydianne3652]

Thank you so much for this SIR. I always enjoy your teaching method. Very understanding just a lil question please. i wish to know why you didn't amortize the grant in the second option/method of grant related to asset?

[@vicentbosta4320]

You really make it to be simple! Thank you very much

[@josephmanu5664]

my understanding has enlightened now......thanks

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[@bodwin984]

May God bless your Life abuntantly

[@niiayitey9618]

You are really good sir keep it up. How ever relating to the grant, how do we account for the remaining balance of the grant after each year. Do we account for it a non current asset (loan) . I am saying this because in the next the company might not know what will happen and cannot not be assured of meeting the conditions for the grant . So meaning they can treat the balance of the grant as non current liabilities in the SOFP after the current year grant has been deducted . I stand to be corrected

[@asaphmvula6115]

You are the best sir, always on pint. Thanks, from Zambia.

[@FOGAccountancyTutorials]

Welcome

[@AUGUSTINAMENSAH-u8i]

THANK YOU. PLEASE WE ARE WAITING FOR THE CONTINUATION ON IAS 20

[@wondimagengetachew2509]

Good bless you !! Keep it Up !!

[@kingslymbah9251]

Sir I want to appreciate your knowledge for sharing to us . Please my question is what about the Tax ( value added Tax)

[@FOGAccountancyTutorials]

Please clarify your question... I don't understand

[@harrison_kobla]

Thank You Sir... I understood everything perfectly

[@nwantiedwine4998]

Hello sir I realized you haven't given a lecture on IFRS 15. (Construction contact and customers)Can you kindly do it?

[@denisehopkins4885]

Thank you so much for this very simple

[@michaeloppongnyarko1387]

Thanks so much my brother.

[@oladipoblessing1036]

Thank you sir , please we need IAS 8 explanation on accounting polices , changes in accounting estimates & error . Thank you sir

[@oladipoblessing1036]

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[@francisbuabeng7500]

thank you sir, how do you show the Balance sheet for the first method

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[@wajidfarid4798]

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[@godwinkasaizi9328]

Thanks for your presentation but, a bout Liabilities I this could be correct if you treat Current Liability as 600, and NCL as 1200.

[@kemen5551]

Don't you think you are wrong?

[@eveh4699]

please do a video on lease

[@regularbloke7410]

dear sir, why we have to put portions of deferred income to profit and loss ? can you again explain the reason for it ?

[@davidkwameowisuansah5419]

You’re helping me now ❤ too clever😊😊😊

[@PRECIOUSUCHECHUKWU-kd8ki]

Plz sir why is the amount for that of grant been used to depreciate??

[@lungilejudiciousmncina1570]

well explained

[@danieltettehdonkor4547]

Keep it up Bro. I will come for tuition soon.

[@sweettea4464]

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[@zidanestarr]

What if a company has received land with an obligation to build a building how do you initially recognize? Dr. Grant land Cr. Deferred income? Let's say 2 years later the building is erected and the life of the building is 10 yrs. Do you now amortize the deferred income over the course of the 10 yrs? If so how do I treat the deferred income in the 2 years prior to the erection of the building?

[@gideonatichogbe7893]

SIR please treat the repayment of grants for both capital and revenue grant

[@agneslouis7517]

Please do a video on investment property 🙏 🥺

[@K.Abusua]

Please can u do a video for IFRS 13

[@opoku-agyeman]

sir please where’s the part 2? my life depends on it

[@FOGAccountancyTutorials]

It will be done soon

[@3kow-Jnr]

Please the next video on the questions

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VERY WELL EXPLAINED !!!

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Am not seeing the next accounts for partnerships.

[@FOGAccountancyTutorials]

It has been uploaded... Check it out again

[@NchobilaEben]

perfect

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Great

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Please IFRS 13

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[@juniormanuel430]

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