Self-Study
Quick Guide to Accounting for the Receipt of Government Grants
An overview of U.S. GAAP rules for government grants. Learn how to identify qualifying grants and properly present them in financial statements.
Price range: $29.00 through $49.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
 Secure Transaction CPE Credits
1 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
Quick Guide to Accounting for the Receipt of Government Grants gives a quick overview of accounting for government grants under U.S. GAAP. This GAAP accounting CPE course will teach you which government grants qualify under U.S. GAAP rules, the difference between asset and income grants, and when they can be recognized. You will learn how to present them government grants in their financial statements and the key disclosure requirements you’ll need, such as repayment terms. By the end, you’ll have a firm grasp of how to identify qualifying grants and properly present them in financial statements.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify qualifying government grants and their types
- Recognize when grants can be recorded in the financial statements
- Determine proper presentation on the financial statements
- Recognize key disclosure requirements, including repayment terms
Course Specifics
SS126471300
There are no prerequisites.
None
35
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 230 courses (570+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple-choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.  Kelen has over 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP. Prior to HP, he served in …
QAS Self-Study
