Government grants: Understanding new FASB guidance

About this episode

This episode explores the updated model for government grant accounting under US GAAP, including new FASB guidance.

Government grant accounting under US GAAP is evolving with ASU 2025-10. This episode explores the updated model, including scoping, recognition and measurement, and the distinction between asset and income grants. We also cover presentation and disclosure requirements, along with practical considerations for adoption of this new FASB guidance. For more information, read our In depth, FASB issues guidance on accounting for government grants. Be sure to follow this podcast on your favorit...

Topics covered

• government grants
• FASB guidance
• US GAAP
• accounting
• financial reporting

Keywords

• ASU 2025-10
• scoping
• recognition
• measurement
• asset grants
• income grants
• presentation requirements
• disclosure requirements
• adoption considerations

Mentioned in this episode

Places: US

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