How to Account for Government Grants (IAS 20) - applies in 2024

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  • เผยแพร่เมื่อ 2 ม.ค. 2025

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  • @mobin-despoubellespascomme7727
    @mobin-despoubellespascomme7727 4 ปีที่แล้ว +5

    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..

  • @tami13ful
    @tami13ful 8 ปีที่แล้ว +5

    Thanks a lot for all the handwork you put together to make these amazing videos to teach us for free!!! thanks alot :)

  • @ahmadullahmeer8460
    @ahmadullahmeer8460 4 ปีที่แล้ว +1

    Thank u so much ... brief and comprehensive and can be easily understand ...From Pakistan

  • @kautilya21
    @kautilya21 8 ปีที่แล้ว +3

    Thanks, I am struggling with that in CIMA F1. Could you also cover the repayment of grants?

  • @Apollwnas91
    @Apollwnas91 7 ปีที่แล้ว +1

    I have ICAEW book for upcoming FAR exam and this video puts it to shame - so much simpler thanks Silvia!

  • @kamranashraf8786
    @kamranashraf8786 4 ปีที่แล้ว +2

    Thanks Silvia. Kindly consider this scenario.
    " an entity receives loan of USD 1,000,000 from Government @ LIBOR-3%. How we account for it?

  • @jasonbig2653
    @jasonbig2653 3 ปีที่แล้ว +1

    6 years old video still helps, thanks!

  • @iancliffordbadlon1757
    @iancliffordbadlon1757 9 ปีที่แล้ว +3

    thanks Silvia. Great summary!

  • @OM-rm4ro
    @OM-rm4ro 4 หลายเดือนก่อน +1

    This z crisp & to the point . Thanks

  • @zuzannabogucka5316
    @zuzannabogucka5316 6 ปีที่แล้ว +1

    really helpful video, nicely explained topic, good presentation as well, thank you!

  • @rosemarievillapa5086
    @rosemarievillapa5086 ปีที่แล้ว +1

    Thank you maam for this video lecture, I really learned a lot!

  • @stefanosdemetriou2429
    @stefanosdemetriou2429 7 ปีที่แล้ว +1

    God bless you. Very clearly explained

  • @polenforu
    @polenforu ปีที่แล้ว +1

    thank you for sharing this video to us, very helpful

  • @HienTran-nj4nn
    @HienTran-nj4nn 3 ปีที่แล้ว +1

    Character In the video It's great, I like it a lot $$

  • @abakumovvansin8238
    @abakumovvansin8238 2 ปีที่แล้ว +7

    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
      @richardday6223 2 ปีที่แล้ว +6

      I'M NOT AN EXPERT WHEN IT COMES TO THIS BUT I CAN CONFIDENTLY TELL THAT THIS PLATFORM IS AMAZING AND EVER SINCE I FOUND OUT ABOUT THEM LIFE HAS GOTTEN EASIER 5 TIMES , I HAVE MY OWN HOUSE NOW AND I STILL MAKE A LOT FROM THIER LOAN INVSTMENT EVERY WEEK, ITS OUTSTANDING

  • @dardabeees
    @dardabeees 6 ปีที่แล้ว +1

    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!

  • @malebsm
    @malebsm 2 ปีที่แล้ว +1

    Hi i just came across this, may I as, how do we then account for revenue from government as part owner?

  • @judeandeh
    @judeandeh 2 ปีที่แล้ว +1

    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?

  • @abubakarisah4301
    @abubakarisah4301 6 ปีที่แล้ว +2

    how about the treatment of grant to government own entities?
    thank you

    • @labal25
      @labal25 4 ปีที่แล้ว

      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.

  • @TheVinceatkins
    @TheVinceatkins 7 ปีที่แล้ว +2

    why dd you credit deferred income for grants related to future costs? isnt it only for grants related to assets which we credit?

    • @khizarabid8414
      @khizarabid8414 6 ปีที่แล้ว

      +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
      @rahmanonimisi2917 2 ปีที่แล้ว

      Because the expenses is in the future therefore, you've to match the grant to the period of the expense proportionately.

  • @laisallana7786
    @laisallana7786 3 ปีที่แล้ว

    thanks for sharing Silvia, very helpful!

  • @kristomagno
    @kristomagno 8 ปีที่แล้ว +1

    Thanks for sharing Silvia.

  • @hasanbabayev9569
    @hasanbabayev9569 9 ปีที่แล้ว

    great helpful for me. thanks Silvia

  • @cookwithme6926
    @cookwithme6926 ปีที่แล้ว +1

    Hey any any one tell me grants for expenditure how to pass entries in tally

  • @Kuchbihai
    @Kuchbihai 8 ปีที่แล้ว

    Its vry easy to learn..... Good. 😘

  • @kokilas9227
    @kokilas9227 6 ปีที่แล้ว +2

    WHERE CAN I FIND TYPES OF GOVERNMENT GRANTS?

  • @郑美丽-s6e
    @郑美丽-s6e 4 ปีที่แล้ว

    Thanks for sharing this is very very useful!

  • @probodhamadusanaka2632
    @probodhamadusanaka2632 ปีที่แล้ว

    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
      @CPDbox  ปีที่แล้ว

      If you have the right to receive a grant, then you actually recognize a grant receivable when that right arises.

  • @brshankar2010
    @brshankar2010 4 ปีที่แล้ว

    very well presented, thank you

  • @maameakosua8937
    @maameakosua8937 ปีที่แล้ว +2

    Wow you don’t have a video on borrowing costs??💔💔🙉

    • @CPDbox
      @CPDbox  ปีที่แล้ว +1

      Actually, good question. I think I just forgot :) Thanks for the tip!

  • @kse2881
    @kse2881 9 ปีที่แล้ว +1

    fantastic, thank you !

  • @zidanestarr
    @zidanestarr 4 ปีที่แล้ว

    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
      @CPDbox  4 ปีที่แล้ว +1

      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
      @zidanestarr 4 ปีที่แล้ว

      @@CPDbox Hi Silvia thank you for your response! I came to the same conclusion.

  • @mohamedhiras4219
    @mohamedhiras4219 7 ปีที่แล้ว +1

    good effort.

  • @zvikomborerolisahkamupira4780
    @zvikomborerolisahkamupira4780 3 ปีที่แล้ว

    really useful, thank you

  • @michaelbeck7929
    @michaelbeck7929 3 ปีที่แล้ว

    Very good video.

  • @the_bna5395
    @the_bna5395 4 ปีที่แล้ว +1

    do you make a video about the recognition of the grant itself? thanks for the basic explanation btw

  • @lesedihdb
    @lesedihdb หลายเดือนก่อน

    Thank you❤

  • @attiafatima9096
    @attiafatima9096 9 หลายเดือนก่อน

    thanks

  • @holybuk3138
    @holybuk3138 9 ปีที่แล้ว

    thanks Silvia

  • @JalalKhan-iz6uz
    @JalalKhan-iz6uz 4 ปีที่แล้ว

    Thanks a lot mam

  • @shamimaakter5580
    @shamimaakter5580 4 ปีที่แล้ว +1

    Sound is less....

  • @nokhethosharon1659
    @nokhethosharon1659 7 ปีที่แล้ว

    THANK YOU!!!!

  • @blackm9063
    @blackm9063 3 ปีที่แล้ว

    great

  • @romeshjadrian
    @romeshjadrian 9 ปีที่แล้ว +1

    good one

  • @arnabtapadar6627
    @arnabtapadar6627 5 ปีที่แล้ว +1

    u speak so slow...

    • @CPDbox
      @CPDbox  4 ปีที่แล้ว +2

      You watch so fast :)