Accountancy Forum

Full Version: IAS 20 and Microfinancing.
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Your guidance is requested for Accounting treatment of Microfinance Grants in the light of IAS 20.

A Non profit organization (in Pakistan) received some money for microfinancing activities from its donor. This amount is supposed to be spent only for micro credit payments. My question is that

1. How the organization shall treat the inflow of resources initially int he light of IAS 20 or any other IAS applicable?

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