What principles are needed for recognising, measuring and disclosing income that is provided without direct value to the contributor eg donations, grants, assets and services? What if the resource can only be used for specific purposes?
Proposals relating to grants and donations income were published on 26 September 2023.
This video explains the proposals included in INPAG Section 23, found on page 198 of INPAG Exposure Draft 2.
Initial ideas were set out in the Consultation Paper issued in January 2021, together with explanatory videos. Part 2 Issue 3 of the Consultation Paper set out specific alternative approaches which were presented in a webinar in Aug 2021, before the consultation response period closed in Oct 21. The project’s feedback on the responses to Part 1 were shared in a webinar in Feb 22. During 2022 and 2023, the Technical and Practitioner Advisory Groups (TAG and PAG) have reflected on the responses and given feedback on the development of draft guidance for inclusion in INPAG ED2.
You can access all the resources from this page with the most recent first. Some are available in Spanish (ES) and French (FR) as well as English.
Check out these video extracts from our August 2021 webinar on non-exchange revenue, and view all the resources here.
