New U.S. Accounting Rule to Establish How Companies Must Record Government Grants
The Wall Street Journal
Wednesday, June 25, 2025
"The Financial Accounting Standards Board plans to establish requirements on how companies account for government grants in their financial reports, following awards provided in recent years as pandemic-related and other relief.
The standard setter on Wednesday voted, 4-3, to require U.S. public and private companies to record the value of grants they've received. Most companies already voluntarily do this by applying an existing standard on government-aid accounting from the FASB's international counterpart, the London-based International Accounting Standards Board. "