A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and ...

The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government ...

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning ...

Businesses now have specific US guidance for the first time on how to record the value of government grants in their ...

The ASU’s amendments provide a definition of government grants and provide clarification of their scope.

Subsidy support has driven heat pump adoption, with the pace of deployment increasing since early 2024. Second largest subsidy scheme to be wound down in 2026 leaving expanded boiler upgrade scheme as ...

In view of increased security concerns along India''s borders and within the country, the ministries of Defence and Home Affairs have sought a supplementary budget of Rs 16,317 crore and Rs.2198 crore ...

The city of Dunkirk has snagged a $412,115 grant for its new software system. The grant is part of the Appalachian Regional Commission’s READY Grants to Grow program. The program announced more than ...

Kotak highlights discrepancies in cash flow reporting, including a mismatch between cash spent on fixed assets and the actual ...

In many cases, the affected nonprofits are responsible for stewarding county-owned land, cleaning up illegal dumping sites ...

MANILA – President Ferdinand R. Marcos Jr. has issued administrative orders (AOs) granting a service recognition incentive ...

The ITAT held that specific-purpose government grants for institutional development are corpus by their inherent character. The AO’s addition of ₹1.7 crore to gross receipts was quashed, emphasizing ...