IAS20 BV2009 - IAS 20 International Accounting Standard 20...

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IAS 20 International Accounting Standard 20 Accounting for Government Grants and Disclosure of Government Assistance This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 20 Accounting for Government Grants and Disclosure of Government Assistance was issued by the International Accounting Standards Committee in April 1983, and reformatted in 1994. Limited amendments to IAS 20 were made by IAS 10 (issued May 1999) and IAS 41 (issued January 2001). In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. Since then IAS 20 has been amended by the following IFRSs: IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) IAS 1 Presentation of Financial Statements (as revised in September 2007) 1 Improvements to IFRSs (issued May 2008). 2 The following Interpretations refer to IAS 20: SIC-10 Government Assistance—No Specific Relation to Operating Activities (issued July 1998) IFRIC 12 Service Concession Arrangements (issued November 2006 and subsequently amended). 1 effective date 1 January 2009 2 effective date 1 January 2009 © IASCF 1
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IAS 20 C ONTENTS paragraphs INTERNATIONAL ACCOUNTING STANDARD 20 ACCOUNTING FOR GOVERNMENT GRANTS AND DISCLOSURE OF GOVERNMENT ASSISTANCE SCOPE 1–2 DEFINITIONS 3–6 GOVERNMENT GRANTS 7–33 Non-monetary government grants 23 Presentation of grants related to assets 24–28 Presentation of grants related to income 29–31 Repayment of government grants 32–33 GOVERNMENT ASSISTANCE 34–38 DISCLOSURE 39 TRANSITIONAL PROVISIONS 40 EFFECTIVE DATE 41–43 BASIS FOR CONCLUSIONS 2 © IASCF
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IAS 20 International Accounting Standard 20 Accounting for Government Grants and Disclosure of Government Assistance (IAS 20) is set out in paragraphs 1–43. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 20 should be read in the context of the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance. © IASCF 3
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IAS 20 International Accounting Standard 20 Accounting for Government Grants and Disclosure of Government Assistance * Scope 1 This Standard shall be applied in accounting for, and in the disclosure of, government grants and in the disclosure of other forms of government assistance. 2
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IAS20 BV2009 - IAS 20 International Accounting Standard 20...

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