KPMG professionals discuss the FASB’s new ASC 832 and ASU 2021-10, which require business entities to disclose information about certain government assistance they receive.
- All business entities, except not-for-profit entities and employee benefit plans.
- 00:45 - Background to ASU 2021-10
- 02:05 - Summary of requirements
- 06:15 - Transactions exempt from ASC 832
- 06:55 - Transition guidance
- 07:55 - Possible future FASB plans
- 08:40 - Focus areas for entities