The Institute has published an article ‘Accounting and disclosure considerations for Covid-19-related Government Supports under FRS 102’ (14 April 2021). In view of the supports being made available to business by Governments in both the UK and Ireland to help them cope with the pandemic, the purpose of this article is to remind members of the requirements of FRS 102 on accounting for and disclosing government grants and disclosing government assistance.
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