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    IAS 20

    How to match a government grant with costs for which the grant compensates?

    by Silvia

    How should you match the government grant with expenses for which it compensates? Sometimes, it’s not very straightforward and we need to apply our judgement and experience. Learn how to account for the grant revenue here!

    Non-current Assets 2

    How to prepare financial statements when going concern does NOT apply?

    by Silvia

    IFRS do not specify any rules for presenting the financial statements when the going concern basis does not apply. So, what to do? How to present the financial statements? What should we take care of? Find out here!

    Current Assets, Financial Statements, IFRS Videos 26

    How to account for free assets received under IFRS

    by Silvia

    The best things in life are free… … at least that’s what Janet Jackson sang in one of her top hits. However, when your company receives some free assets, then the question is: Are they really received at no cost and no strings attached? Is…

    Accounting Policies and Estimates, Current Assets, Non-current Assets 113
    IFRS Tax holidays

    Tax Incentives – IAS 12 or IAS 20?

    by Silvia

    In my previous article about accounting for government grants I asked you to give me some feedback and write me about some problems or issues in this area. Surprisingly, most of your responses asked one and the same question: How to account for tax incentives…

    Provisions and Other Liabilities 12
    IAS 20 Government Grants

    How to Account for Government Grants (IAS 20)

    by Silvia

    Almost every government supports certain companies or business by providing grants or other kind of assistance. As this is clear benefit and advantage comparing with other companies without such an assistance, it should be properly reported in the financial statements. How? Let’s explain the rules…

    IFRS Videos, Non-current Assets, Provisions and Other Liabilities 260

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