0
| 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: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 2891 |
| Overview : |
1. Who is this course for? This course is designed for anyone needing Continuing Professional Education (CPE), including CPAs and accounting professionals who want an introductory understanding of accounting for the receipt of government grants under U.S. GAAP. 2. What is this course about or what problem does this course solve? This course provides a concise overview of how to account for government grants under U.S. GAAP, helping participants identify qualifying grants, distinguish between asset and income grants, determine when grants should be recognized, and properly present and disclose them in financial statements. 3. Where can the knowledge from this course be used? The knowledge from this course can be applied in preparing, reviewing, and analyzing financial statements for organizations that receive government grants and must account for them in accordance with U.S. GAAP. 4. Why is this course important to a CPA or Accountant? This course is important because it helps CPAs and accountants accurately recognize, present, and disclose government grants in financial statements, supporting compliance with accounting standards and improving the reliability of financial reporting. 5. When is this course relevant or timely? This course is relevant whenever an organization receives government assistance in the form of grants and needs guidance on proper accounting treatment, recognition timing, presentation, disclosure requirements, and potential repayment considerations. 6. How is a course like this consumed or used? This self-study text course is completed by reading the course materials, reviewing the instructional content and review questions, and successfully passing the final exam with a score of at least 70% to earn CPE credit. |
| 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 : | 0 |
| 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
|
| 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. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2891 |
| Keywords : | Accounting, Quick, Guide, Receipt, Government, Grants, cpe, cpa, online course |
| Learning Objectives : | Course Learning Objectives Upon completion of this course, you will be able to:
|
| 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 |
Login/Register