74 paragraphs found in AASB 120
This compiled Standard applies to annual periods beginning on or after 1 July 2021. Earlier application is permitted for annual periods beginning after 24 July 2014 but before 1 July 2021. It incorporates relevant amendments made up to and including 6 …
As part of AASB 2008-5 Amendments to Australian Accounting Standards arising from the Annual Improvements Project issued in July 2008 the Board amended terminology used in this Standard to be consistent with other A ustralian Accounting Standards as …
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Australian Accounting Standard AASB 120 Accounting for Government Grants and Disclosure of Government Assistance (as amended) is set out in paragraphs 1 – Aus48.2 and Appendix A. All the paragraphs have equal authority. Paragraphs in bold type state …
AASB 120 Accounting for Government Grants and Disclosure of Government Assistance as amended incorporates IAS 20 Accounting for Government Grants and Disclosure of Government Assistance as issued and amended by the International Accounting Standards …
The Australian Accounting Standards Board made Accounting Standard AASB 120 Accounting for Government Grants and Disclosure of Government Assistance under section 334 of the Corporations Act 2001 on 7 August 2015 . This compiled version of AASB 120 …
Paragraph 39 does not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities …
See also Interpretation 110 Government Assistance—No Specific Relation to Operating Activities , as identified in AASB 1048 Interpretation of Standards …
Government refers to government, government agencies and similar bodies whether local, national or international. …
Government assistance is action by government designed to provide an economic benefit specific to an entity or range of entities qualifying under certain criteria. Government assistance for the purpose of this Standard does not include benefits provided …