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M21101 - IAS 20 - Accounting For Government Grants and Disclosure Of Government Assistance (Online)

  • 12 Nov 2021
  • 09:30 - 11:00
  • Online Webinar

Registration


Registration is closed
Registration Time: 09:15
Sessions Time: 09.30 - 11.00 (No Break)
Speaker: Mr Georges Xuereb
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €20.00
Non-MIA Members: €40.00
Retired Members: €10.00
Students: €15.00
*Group bookings for 3 or more participants available.

Background Information

IAS 20 Accounting for Government Grants and Disclosure of Government Assistance outlines how to account for government grants and other assistance. Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or deducting it from the carrying amount of the asset. IAS 20 also prescribes disclosure requirements which need to be presented in the financial statements for those entities in receipt of government grants and which are applying IAS 20.

Objectives of the Session

Ensure correct treatment of government grants and assistance and Compliance with applicable standards.
Members will gain Knowledge and practical guidance
Non Members will gain Knowledge and better understanding of requests from accountants and auditors

Topics on the Agenda

- Applying IAS 20:
  • what must be recognised? How?
  • what must be disclosed? How?
- What is not covered by IAS 20?

Target audience

Public sector: Accountants, Auditors and other finance professionals, Auditors and accountants of companies in receipt of government grants and assistance Accountants of companies in receipt of government grants and assistance

Speakers profile

Georges Xuereb is a Certified Public Accountant and forms part of the Accounting Advisory Services team at KPMG Malta, holding the role of a Senior Manager and providing technical IFRS advice and assistance to local and foreign clients operating in various industries. Georges also delivers technical training on IFRS matters internally and to his clients, and lectures the Financial Reporting (FR) and Strategic Business Reporting (SBR) modules which form part of the ACCA qualification.

EVENT CPE COMPETENCES

1.5 Hours Core 

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

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