IASB Meeting December 2007
12 December 2007
The Board discussed the accounting for government grants in the context of a proposal to activate work on its Emissions Trading Schemes project.
IASB Meeting February 2006
22 February 2006
The Board reviewed the status of its project to amend IAS 20 Accounting for Government Grants and Disclosure of Government Assistance.
IASB Meeting September 2005
21 September 2005
The Board noted that the emissions trading project would interact with its current project to revise IAS 20 Accounting for Government Grants and Disclosure of Government Assistance. Accordingly, the Board decided first to consider the treatment of permits and licences (including emission rights) issued to entities by government for less than fair value as part of its IAS 20 project.
IASB Meeting July 2004
21 July 2004
In February 2004, the Board tentatively decided to amend IAS 20 Accounting for Government Grants and Disclosure of Government Assistance by applying the accounting model for government grants contained in IAS 41 Agriculture to all government grants. (At present, the model in IAS 41 applies only to biological assets measured at fair value less estimated point-of-sale costs and grants that require entities not to engage in specified agricultural activity.)
IASB Meeting February 2004
19 February 2004
The Board reaffirmed its earlier decision to replace IAS 20 Accounting for Government Grants and Disclosure of Government Assistance.
IASB Meeting January 2003
22 January 2003
The Board considered IAS 20 Accounting for Government Grants and Disclosure of Government Assistance and agreed that it should be withdrawn and replaced with a new IFRS.