IAS 20 Government Grants and IAS 36 Impairment of Assets

About this course

This course provides a comprehensive understanding of two key International Accounting Standards (IAS) — IAS 20 and IAS 36. IAS 20 focuses on Accounting for Government Grants and the Disclosure of Government Assistance, while IAS 36 addresses the Impairment of Assets.In the first part of the course, you will learn how to Recognize, Measure, and Disclose Government Grants and Government Assistance in financial statements. We will explore the principles governing how grants should be recorded, either as Income or a Reduction in the Carrying Value of an Asset, and understand the impact this has on Financial Performance.The second part covers the detailed procedures for the determining when an asset has been Impaired under the IAS 36. You will learn how to assess Recoverable Amounts, calculate Impairments, and make the necessary adjustments to the financial statements. We will also focus on the Disclosure Requirements related to asset impairments to ensure Transparency and Compliance with the IFRS.By the end of the course, you will have gained the knowledge and practical skills necessary to accurately apply these standards in real-world financial scenarios. This course is ideal for Accounting Professionals, Finance Managers, and students pursuing a career in Financial Reporting and Compliance.

Course objectives

• Understand principles governing recording of government grants
• Ensure transparency and compliance with IFRS regarding asset impairments