Accounting considerations related to COVID-19 — Government assistance
Published on:
18 May, 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.
This video is part of our series of videos on accounting considerations with regard to COVID-19.
