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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 23 ||| Word Count: 7823 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
CPE Credits: |
1.0 |
IRS Credits: |
0 |
Price: |
$12.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This concise course introduces how to account for government grants under U.S. GAAP, from identifying qualifying grants to financial statement presentation.
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Frequently Asked Questions: |
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Description: |
This course gives a quick overview of accounting for government grants under U.S. GAAP. You’ll see how to tell which grants qualify, the difference between asset and income grants, and when they can be recognized. It also covers how to present them in the financial statements and the key disclosures you need. By the end, you’ll know how to reflect government support accurately. |
Usage Rank: |
20000 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Accounting CPE Courses for CPAs
Internal: FASB CPE Courses and Financial Accounting Standards
External: Government Grant Application: Process, Benefits, and Key Details
External: Governmental accounting
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
19-Jun-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Quick Guide to Accounting for the Receipt of Government Grants - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you will be able to:
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Course Contents: |
Chapter 1 - Quick Guide to Accounting for the Receipt of Government Grants Course Learning Objectives Course Overview Introduction What is a Government Grant? Grant Related to an Asset vs. Income Recognition of a Government Grant Review Questions Grant Related to an Asset Grant Related to Income Repayments of Grants Financial Statement Presentation Financial Statement Disclosures Conclusion Review Questions Glossary of Key Terms |
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