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of <h1>Ind AS 20: Guidelines on Accounting for Government Grants, Recognition, and Disclosure Requirements</h1> Indian Accounting Standard (Ind AS) 20 outlines the accounting and disclosure requirements for government grants and assistance. It distinguishes between grants related to assets and income, emphasizing their recognition based on compliance assurance. Grants should be recognized systematically over periods where related expenses occur, using either the capital or income approach. The standard excludes certain government assistance forms, like tax-related benefits and infrastructure improvements. It also addresses forgivable loans and below-market interest loans as government grants. Non-monetary grants are assessed at fair value, with options for presentation in financial statements. Disclosure of accounting policies, recognized grants, and unfulfilled conditions is required.
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