What is the fair value consideration for non-monetary grants under ASPE?

Under Accounting Standards for Private Enterprises (ASPE), non-monetary grants are generally recorded at their fair value. This approach acknowledges the actual economic benefits received by the enterprise through these grants. Fair value provides a more accurate representation of the value of the resources transferred, considering their market conditions and potential utility to the business.

Utilizing fair value allows for comparability with other entities and ensures that the financial statements reflect the true impact of such grants on the company’s financial position. This practice aligns with the conceptual framework that aims to provide relevant and reliable financial information that reflects the underlying economics of transactions.

In contrast, recording at historical cost, not recognizing at all, or recording at nominal value would not accurately reflect the economic reality of the benefits received. Hence, fair value is the most appropriate consideration in this context.