GuestGovernment Grants
Source: Ind AS 20 (summary)
A government grant is recognised only when there is reasonable assurance that the entity will comply with the attached conditions and that the grant will be received. It is then recognised in profit or loss on a systematic basis over the periods in which the related costs are expensed.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.