Video: Accounting considerations related to COVID-19 — Government assistance
Published on:
May 26, 2020
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Certain government assistance may be offered in various ways. For example, reimbursement of expenses, reduction of income taxes, or investment tax credits. As a first step in accounting for the various measures offered by a government is determining whether they should be accounted for by applying IAS 20 Accounting for Government Grants and Disclosure of Government Assistance or IAS 12 Income Taxes.
