Accounting for Government Assistance

Overview

There is diversity in how businesses handle government assistance due to a lack of specific GAAP guidance. This course covers the disclosure requirements from ASU No. 2021-10, effective for annual periods starting after December 15, 2021. It also addresses recognition, measurement, and reporting requirements from IAS 20.

Find this course for your license

License or Certification

Regulator

Objectives

recognize the key disclosure requirements prescribed by ASU No. 2021-10
identify existing non-U.S. GAAP guidance used by entities with respect to government grants
recognize the entities that are within the scope of the new U.S. GAAP disclosure requirements
identify the effective date of the new disclosure requirements in ASC Topic 832 ("Government Assistance")

Designed For:

CPAs, CMAs, CFEs, and other advisors

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Prerequisites:	General awareness of the purpose and organization of financial statements
Advanced Preparation:	None

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