About this document
Accounting for Government Grants AS 12 by akshat beriwala is a document available to read on EtoBox.
The document discusses accounting for government grants under Accounting Standard 12. It defines government grants as assistance provided by a government in cash or kind at a national, local or international level. Grants related to specific fixed assets should be deducted from the gross value of the asset or treated as deferred income over the useful life. Revenue grants should be recognized as income over the period necessary to match them with related costs. Certain disclosures are required regarding the
- Author
- akshat beriwala
- Language
- EN