type
sm-banner
background-image
background-image-mobile
background-color
navy
eyebrow
Article
title
New accounting for government grants publication
date
February 06, 2026
text-color
light
gradient-overlay
dark
breadcrumb
Our new Financial Reporting Insights, FASB issues guidance on accounting for government grants, explains the requirements of Accounting Standards Update (ASU) 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, which was issued by the Financial Accounting Standards Board in December 2025.
The new standard closely aligns with International Accounting Standard (IAS) 20, Accounting for Government Grants and Disclosure of Government Assistance, covering monetary and tangible nonmonetary assets received by business entities from governments while excluding exchange transactions.