Government grants


This project had started as part of the IASB's short-term convergence project designed to eliminate a variety of differences between International Financial Reporting Standards and US GAAP. However, the project evolved into a stand-alone (non-convergence) IASB project to reconsider IAS 20 Accounting for Government Grants and Disclosure of Government Assistance.


Current status of the project

Work on the government grants project has been deferred pending progress in the revenue recognition and emissions trading schemes projects.  As part of its response to its Agenda consultation 2011, the IASB indicated that it has asked the IASB staff to review this project and report to the Board with a recommended course of action.


Project milestones

September 2005 IASB added a project on emissions trading schemes
February 2006 Work on the government grants project deferred

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