IAS 20
Accounting
for Government Grants and
Disclosure of Government Assistance
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).
IAS 20
©
IFRS Foundation
A1209
International Accounting Standard 20
Accounting for Government Grants and Disclosure of
Government Assistance (IAS 20) is set out in paragraphs 1–48. All the paragraphs have
equal authority but retain the IASC format of the Standard when it was adopted by the
IASB. IAS 20 should be read in the context of the Basis for Conclusions, the
Preface to
IFRS Standards and the
Conceptual Framework for Financial Reporting. IAS 8
Accounting
Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and
applying accounting policies in the absence of explicit guidance.
IAS 20
© IFRS Foundation
A1211