# ASC 832-10-05: Government Assistance — Overall — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/832/10/#05-overview-and-background)

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## ASC 832-10-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/832/10/#05-overview-and-background)

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##### [832-10-05-1](https://asc.understandingaccounting.org/asc/832/10/#832-10-05-1)

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Governments provide different forms of assistance to entities, and the forms of assistance have varying structures, complexities, and terms. Government assistance can include tax credits, cash grants, grants of other assets, and project grants. Often, government assistance is provided to an entity for a particular purpose, and the entity promises to take specific actions. Generally accepted accounting principles (GAAP) do not provide comprehensive recognition and measurement guidance for many forms of government assistance received by business entities.

Transition date:(P) December 16, 2028; (N) December 16, 2029Transition guidance:

[832-10-65-2](https://asc.understandingaccounting.org/asc/832/10/#832-10-65-2)[Paragraph superseded by Accounting Standards Update No. 2025-10.](https://asc.understandingaccounting.org/updates/asu-2025-10/)

##### [832-10-05-2](https://asc.understandingaccounting.org/asc/832/10/#832-10-05-2)

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This Topic provides guidance on disclosures for transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy.

Transition date:(P) December 16, 2028; (N) December 16, 2029Transition guidance:

[832-10-65-2](https://asc.understandingaccounting.org/asc/832/10/#832-10-65-2)This Topic provides guidance on the accounting for [government grants](https://asc.understandingaccounting.org/glossary/g/#government-grant "(P) December 16, 2028; (N) December 16, 2029832-10-65-2A transfer of a monetary asset or a tangible nonmonetary asset, other than in an exchange transaction (including an exchange transaction that may be at a significant discount to fair value), from a government to an entity except for a not-for-profit entity and an employee benefit plan within the scope of Topics 960, 962, and 965 on plan accounting.") received by business entities.