Accounting Standards Update · 2021

ASU 2021-10 — Government Assistance (Topic 832)—Disclosures by Business Entities about Government Assistance

The amendments in this Update require disclosures about transactions with a government that have been accounted for by analogizing to a grant or contribution accounting model to increase transparency about (1) the types of transactions, (2) the accounting for the transactions, and (3) the effect of the transactions on an entity's financial statements.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2015-340—Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which has been deleted.

Accounting Standards Update No. 2021-10 (PDF)

Issued: November 17, 2021

Text as published in the FASB Accounting Standards Codification, Basic View.