This course covers the accounting and financial reporting rules for government grants under U.S. GAAP. It walks you through how to determine what qualifies as a grant and the difference between asset related and income related assistance. You’ll learn when a grant can be recognized based on the likelihood of meeting conditions and how to present it on the balance sheet and income statement. The course also reviews the required disclosures, including the nature of the grant and any potential repayment obligations. By the end, you will be able to apply these rules to make sure financial statements reflect the impact of government support accurately.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify what qualifies as a government grant under U.S. GAAP
•    Distinguish between grants related to assets and grants related to income
•    Recognize the criteria for when a government grant can be recorded in the financial statements
•    Determine the appropriate methods for presenting grants on the balance sheet and income statement
•    Recall the required disclosures for government grants, including repayment obligations and key terms

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. 

A course evaluation form is provided for your feedback, upon course completion. Participants have 1 year from the date of purchase/enrollment to complete this course 

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/