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
Thanks a lot for all the handwork you put together to make these amazing videos to teach us for free!!! thanks alot :)
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..
thanks Silvia. Great summary!
really helpful video, nicely explained topic, good presentation as well, thank you!
God bless you. Very clearly explained
Thanks for sharing Silvia.
Thanks, I am struggling with that in CIMA F1. Could you also cover the repayment of grants?
great helpful for me. thanks Silvia
thanks for sharing Silvia, very helpful!
fantastic, thank you !
Thank u so much ... brief and comprehensive and can be easily understand ...From Pakistan
very well presented, thank you
thank you for sharing this video to us, very helpful
Thanks for sharing this is very very useful!
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
Жыл бұрын
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Thank you maam for this video lecture, I really learned a lot!
good effort.
I have ICAEW book for upcoming FAR exam and this video puts it to shame - so much simpler thanks Silvia!
thanks Silvia
really useful, thank you
Thanks Silvia. Kindly consider this scenario. " an entity receives loan of USD 1,000,000 from Government @ LIBOR-3%. How we account for it?
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!
Very good video.
We did this in during covid furlough in UK
6 years old video still helps, thanks!
Character In the video It's great, I like it a lot $$
Thanks a lot mam
Hi i just came across this, may I as, how do we then account for revenue from government as part owner?
THANK YOU!!!!
@niamakki216
6 жыл бұрын
Extremely
Its vry easy to learn..... Good. 😘
@marcygalvan6714
7 жыл бұрын
Akbar Shaikh
do you make a video about the recognition of the grant itself? thanks for the basic explanation btw
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
7 ай бұрын
If you have the right to receive a grant, then you actually recognize a grant receivable when that right arises.
thanks
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?
great
how about the treatment of grant to government own entities? thank you
@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.
why dd you credit deferred income for grants related to future costs? isnt it only for grants related to assets which we credit?
@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
2 жыл бұрын
Because the expenses is in the future therefore, you've to match the grant to the period of the expense proportionately.
WHERE CAN I FIND TYPES OF GOVERNMENT GRANTS?
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
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
3 жыл бұрын
@@CPDbox Hi Silvia thank you for your response! I came to the same conclusion.
Hey any any one tell me grants for expenditure how to pass entries in tally
good one
Wow you don’t have a video on borrowing costs??💔💔🙉
@CPDbox
4 ай бұрын
Actually, good question. I think I just forgot :) Thanks for the tip!
Sound is less....
u speak so slow...
@CPDbox
4 жыл бұрын
You watch so fast :)