IAS 20 – Accounting for Government Grants and Disclosure of Government Assistance

Abstract

In April 2001 the International Accounting Standards Board adopted IAS 20 Accounting for Government Grants and Disclosure of Government Assistance, which had originally been issued by the International Accounting Standards Committee in April 1983. Other Standards have made minor consequential amendments to IAS 20. They include IFRS 13 Fair Value Measurement (issued May 2011), Presentation of Items of Other Comprehensive Income (Amendments to IAS 1) (issued June 2011), IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (issued November 2013) and IFRS 9 Financial Instruments (issued July 2014)