How to Account for Government Grants (IAS 20)

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How to account for government grants - this video shows you the basic entries for various types of government grants under IAS 20.
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Пікірлер: 57

  • @tami13ful
    @tami13ful8 жыл бұрын

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

  • @mobin-despoubellespascomme7727
    @mobin-despoubellespascomme77274 жыл бұрын

    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..

  • @iancliffordbadlon1757
    @iancliffordbadlon17578 жыл бұрын

    thanks Silvia. Great summary!

  • @zuzannabogucka5316
    @zuzannabogucka53165 жыл бұрын

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

  • @stefanosdemetriou2429
    @stefanosdemetriou24296 жыл бұрын

    God bless you. Very clearly explained

  • @kristomagno
    @kristomagno8 жыл бұрын

    Thanks for sharing Silvia.

  • @kautilya21
    @kautilya218 жыл бұрын

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

  • @hasanbabayev9569
    @hasanbabayev95698 жыл бұрын

    great helpful for me. thanks Silvia

  • @laisallana7786
    @laisallana77863 жыл бұрын

    thanks for sharing Silvia, very helpful!

  • @kse2881
    @kse28818 жыл бұрын

    fantastic, thank you !

  • @ahmadullahmeer8460
    @ahmadullahmeer84604 жыл бұрын

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

  • @brshankar2010
    @brshankar20103 жыл бұрын

    very well presented, thank you

  • @polenforu
    @polenforu11 ай бұрын

    thank you for sharing this video to us, very helpful

  • @user-ry3lr9jl5r
    @user-ry3lr9jl5r3 жыл бұрын

    Thanks for sharing this is very very useful!

  • @abakumovvansin8238
    @abakumovvansin8238 Жыл бұрын

    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

    @richardday6223

    Жыл бұрын

    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

  • @rosemarievillapa5086
    @rosemarievillapa508611 ай бұрын

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

  • @mohamedhiras4219
    @mohamedhiras42197 жыл бұрын

    good effort.

  • @Apollwnas91
    @Apollwnas916 жыл бұрын

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

  • @holybuk3138
    @holybuk31388 жыл бұрын

    thanks Silvia

  • @zvikomborerolisahkamupira4780
    @zvikomborerolisahkamupira47802 жыл бұрын

    really useful, thank you

  • @kamranashraf8786
    @kamranashraf87864 жыл бұрын

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

  • @dardabeees
    @dardabeees5 жыл бұрын

    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!

  • @michaelbeck7929
    @michaelbeck79293 жыл бұрын

    Very good video.

  • @sushdipfamilyvlogs3818
    @sushdipfamilyvlogs38182 жыл бұрын

    We did this in during covid furlough in UK

  • @jasonbig2653
    @jasonbig26532 жыл бұрын

    6 years old video still helps, thanks!

  • @HienTran-nj4nn
    @HienTran-nj4nn2 жыл бұрын

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

  • @JalalKhan-iz6uz
    @JalalKhan-iz6uz4 жыл бұрын

    Thanks a lot mam

  • @malebsm
    @malebsm2 жыл бұрын

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

  • @nokhethosharon1659
    @nokhethosharon16597 жыл бұрын

    THANK YOU!!!!

  • @niamakki216

    @niamakki216

    6 жыл бұрын

    Extremely

  • @Kuchbihai
    @Kuchbihai7 жыл бұрын

    Its vry easy to learn..... Good. 😘

  • @marcygalvan6714

    @marcygalvan6714

    7 жыл бұрын

    Akbar Shaikh

  • @the_bna5395
    @the_bna53953 жыл бұрын

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

  • @probodhamadusanaka2632
    @probodhamadusanaka26327 ай бұрын

    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

    @CPDbox

    7 ай бұрын

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

  • @attiafatima9096
    @attiafatima90962 ай бұрын

    thanks

  • @judeandeh
    @judeandeh2 жыл бұрын

    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?

  • @blackm9063
    @blackm90632 жыл бұрын

    great

  • @abubakarisah4301
    @abubakarisah43015 жыл бұрын

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

  • @labal25

    @labal25

    4 жыл бұрын

    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
    @TheVinceatkins7 жыл бұрын

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

  • @khizarabid8414

    @khizarabid8414

    6 жыл бұрын

    +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

    @rahmanonimisi2917

    2 жыл бұрын

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

  • @kokilas9227
    @kokilas92275 жыл бұрын

    WHERE CAN I FIND TYPES OF GOVERNMENT GRANTS?

  • @zidanestarr
    @zidanestarr3 жыл бұрын

    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

    @CPDbox

    3 жыл бұрын

    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

    @zidanestarr

    3 жыл бұрын

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

  • @cookwithme6926
    @cookwithme6926 Жыл бұрын

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

  • @romeshjadrian
    @romeshjadrian8 жыл бұрын

    good one

  • @maameakosua8937
    @maameakosua89374 ай бұрын

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

  • @CPDbox

    @CPDbox

    4 ай бұрын

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

  • @shamimaakter5580
    @shamimaakter55803 жыл бұрын

    Sound is less....

  • @arnabtapadar6627
    @arnabtapadar66274 жыл бұрын

    u speak so slow...

  • @CPDbox

    @CPDbox

    4 жыл бұрын

    You watch so fast :)

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