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Understanding new ASC 832, govt assistance

12.17.2021 | Duration: 11:18

We discuss ASU 2021-10, requiring new annual disclosures for entities receiving government assistance.

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Podcast overview

乐鱼(Leyu)体育官网 professionals discuss the FASB鈥檚 new ASC 832 and ASU 2021-10, which require business entities to disclose information about certain government assistance they receive.

Applicability

  • All business entities, except not-for-profit entities and employee benefit plans.
Resource
FASB approves new disclosures for government assistance
乐鱼(Leyu)体育官网 reports on ASU 2021-10, requiring new annual disclosures for entities receiving government assistance.

Podcast contents

  • 00:45听- Background to ASU 2021-10
  • 02:05听- Summary of requirements
  • 06:15听- Transactions exempt from ASC 832
  • 06:55听- Transition guidance
  • 07:55听- Possible future FASB plans
  • 08:40听- Focus areas for entities听

Meet our team

Image of Karen Silverman
Karen Silverman
Partner, Audit, 乐鱼(Leyu)体育官网 LLP
Image of Kathy Nguyen
Kathy Nguyen
Senior Manager, Dept. of Professional Practice, 乐鱼(Leyu)体育官网 US

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