Drawn by: Musa M.

Ibrahim, DCS, DBF, BSc, MSc, NIM, ACA 08065672917

IAS 20: Accounting For Government Grants And Disclosure Of Government Assistance
Particulars Measurement Recognition Presentation

1. Monetary Grant The Amt of cash transfer Income Dr: Cash CUA-Cash
Cr: Grant Grant A/c

2. Non-Monetary Grant FV Or Income Dr: Asset/receiv. NCA/CUA

(both the grant & Assets) A nominal Amt Cr: Grant Grant A/c

3. Grant related to Income The Amt Grant Income Dr: Grant Grant A/c
Cr: Other Y, OR POL
Deduct from related Exp.

4. Grant related to Asset As Deferred Income, Income Dr: Grant Nil Grant A/c
Cr: Deferred Y NCL-Deferred Y
OR
Deduct from the cost of the Asset Income Dr: Grant Nil Grant A/c
Cr: Asset NCA-Asset

5. Portion of the Grant The amount Income Dr: Deferred Y NCL-Deferred Y

Relating to Current year Cr: Other Y POL- Other Y

6. Portion of the Grant The amount Liability Dr: Deferred Y NCL-Deferred Y

Relating to next year Cr: Deferred Y CUA-Deferred Y

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Drawn by: Musa M. Ibrahim, DCS, DBF, BSc, MSc, NIM, ACA 08065672917
7. Portion of the Grant The amount Liability NCL-Deferred Y
Relating to periods
After next year
8. Grant with no conditions The full Amt of grant Income Dr: Grant A/c Nil grant A/c
to meet Cr: Other Y POL- Other Y

9. Repayment of Govt. Grant

(a) (i) Repayment of Grant The amt of grant Expense Dr: unamortized DY NCL-Deferred Y
Related to Income received Cr: Cash CUA- Cash

(a) (ii) Reversal of Grant Repayment Amt minus Expense Dr: POL CI-POL
Recognized in the Unamortized DY Cr: Deferred Y NCL- Nil DY
Prior periods

(b) (i) Repayment of Grant The amt of grant Increased asset by Dr: Asset NCA-Asset
Related to asset received Cr: Cash CUA- Cash
(Deducted from the cost of asset)

(b) (ii) Extra depreciation Dep. That would have been Expense Dr: POL CI-POL
related to (bi) above recognized in POL to date Cr: Asset NCA- Asset
in the absence of the grant

(c) (i) Repayment of Grant The amt of grant Expense Dr: unamortized DY NCL- Defer. Y
Related to asset received Cr: Cash CUA- Cash
(Recognized as deferred Income)

(c) (ii) Extra depreciation Repayment Amt minus Expense Dr: POL CI-POL
Related to (ci) above Unamortized DY Cr: Deferred Y NCL- Nil DY