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    Government grants are defined as assistance from the government in the form of transferring resources to an entity in return for past or future compliance with certain conditions relating to the entity's operations. Government grants are sometimes called subsidies, subventions, or premiums. Government grants, including non-monetary grants at fair value, shall be recognized when there is reasonable assurance that the entity will comply with the conditions of the grant and the grant will be received.

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    Document10

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    Government grants are defined as assistance from the government in the form of transferring resources to an entity in return for past or future compliance with certain conditions relating to the entity's operations. Government grants are sometimes called subsidies, subventions, or premiums. Government grants, including non-monetary grants at fair value, shall be recognized when there is reasonable assurance that the entity will comply with the conditions of the grant and the grant will be received.

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    4 views3 pages

    Document 10

    Uploaded by

    qnlrnr mlla
    Government grants are defined as assistance from the government in the form of transferring resources to an entity in return for past or future compliance with certain conditions relating to the entity's operations. Government grants are sometimes called subsidies, subventions, or premiums. Government grants, including non-monetary grants at fair value, shall be recognized when there is reasonable assurance that the entity will comply with the conditions of the grant and the grant will be received.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Definition

    PAS 20, paragraph 3, defines government


    grant as assistance by government in
    the form of transfer of resources to an
    entLty tn return for part or future
    complia.nce with certain conditions re
    a tn entity.
    Government grant is sometimes called by
    other names such as su.bsidy, subvention
    or premium.
    Recognition and measurernent
    Government grant, including nonmonetary grant at fair value,
    shall be recognized when there is reasonable assurance that:

    a. The entity will comply to


    the grant.
    b. The grant will be received.

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