effectACCA SBR IAS 20 Government grant 笔记

IAS 20Government grant

—

Definitions

?

Government assistance

Action

by

government

designed

to

provide

economic

benefit

specific

to

an

entity

or range of entities qualifying under certain criteria

Some

forms

of

government

assistance

are

excluded

from

the

definition

of

government grants.

(a) Some forms of government assistance cannot reasonably have a value placed

on them. E.g. free technical or marketing advice, provision of guarantees.

(b) There are transactions with government which cannot be distinguished from

the

entity’s

normal

trading

transactions

.

E.g.

government

procurement

policy

resulting

in

a

portion

of

the

entity’s

sales.

Any

segregation

would

be arbitrary.

?

Government grants

Assistance by

government in the form of transfers of

resources to

an entity in

return for past or future compliance with certain conditions relating to the

operating activities of the entity. They exclude those forms of government

assistance

which

cannot

reasonably

have

a

value

placed

upon

them

and

transactions with government which cannot be distinguished from the normal

trading transactions of the entity.

?

Grants related to assets

Government

grants

whose

primary

condition

is

that

an

entity

qualifying

for

them

should purchase, construct or acquire non-current assets.

Subsidiary

conditions

may

also

be

attached

restricting

the

type

or

location

of

the assets or the periods during which they are to be acquired or held.

?

Grants related to income

Government grants other than those related to assets.(Job Creation)

?

Forgivable loans

Loans

for

which

the

lender

undertakes

to

waive

repayment

under

certain

prescribed conditions

*

Reimbursement/Compensation (from government)

是

IAS 37

—

virtually certain

—

Recognition

An

entity

should

not

recognize

government

grants

until

the

entity

will

comply

with

any

conditions

attached

to

the

grant,

and

will

actually

receive

the

grant

received must be matched with the related costs.

?

Relating to income

2-3 Yr

Dr. Cash

Cr. Deferred income

Dr. Deferred income

Cr. P/L

?

Relating to assets

Current

Dr. Cash

Cr. P/L