Heads Up — FASB provides guidance on disclosures regarding government assistance
Published on:
03 Dec 2021
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This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2021-10, Disclosures by Business Entities About Government Assistance. The ASU requires business entities to provide certain disclosures when they (1) have received government assistance and (2) use a grant or contribution accounting model by analogy to other accounting guidance.
