Quick Guide to Accounting for the Receipt of Government Grants ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course gives a quick overview of accounting for government grants under U.S. GAAP. This 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 the 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.
Highlights
Identifying qualifying government grants. Proper presentation on financial statements.
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, controllers, and other financial managers.
Objectives
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has 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 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $33.00
Member Price $29.00