This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Government assistance disclosures

The objective of this project is to develop disclosure requirements about government assistance that improves the content, quality, and comparability of financial information and financial statements and that is responsive to the emerging issues in the changing financial and economic environment in which reporting entities operate.

 

Meeting minutes

FASB discussions regarding this project are found in the following meeting minutes:

  • November 14, 2018 — The Board continued redeliberations of its proposed ASU.
  • March 14, 2018 — The Board discussed proposed ASU, Disclosures by Business Entities About Government Assistance.
  • June 8, 2016 — The Board discusses scope, disclosures, and legal restrictions.
  • May 4, 2016 — The Board discussed issues relating to the development of a final ASU addressing the disclosure requirements about government assistance.
  • July 24, 2015 — The Board continued its deliberations, specifically discussing scope, disclosures, transition, costs and benefits, comment period, and next steps.
  • December 17, 2014 — The Board discussed disclosure of arrangements that are the result of a contract in which the entity receives value or benefit from the government.
  • October 8, 2014 — The Board discussed disclosures by business entities about government assistance.
  • January 29, 2014 — The Board decided to add the project to its technical agenda.
  • January 15, 2014 — Education session to evaluate whether to add the project to the Board's technical agenda.
  • November 28, 2012 — Education session on preliminary research and findings on the accounting for government assistance.

 

Current status

At its March 14, 2018, meeting, the FASB discussed the proposed amendments and prior decisions on proposed ASU, Disclosures by Business Entities About Government Assistance.

 

Project milestones

Date Developments Comments
January 29, 2014 Added as a standard-setting project.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.