Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Government assistance disclosures

Issues In-Depth | December 2022

We answer implementation questions on the new government assistance disclosure requirements in ASC 832 and ASU 2021-10.

The disclosure requirements in ASC 832 apply only to business entities that account for government assistance under specific accounting models. Our issues in-depth addresses implementation questions regarding scope and the nature of the required disclosures.


  • All business entities, except not-for-profit entities and employee benefit plans

Relevant dates

  • ASU 2021-10 is effective for financial statements issued for annual periods beginning after December 15, 2021. The effective date is the same for all entities in the scope of this ASU. Early adoption is permitted.

Key impacts

There is limited US GAAP guidance on accounting for government assistance, which has led to diversity in practice. Although the FASB has not provided specific accounting guidance, it has created disclosure requirements for the receipt of certain types of government assistance. Such assistance has become increasingly common and can take different forms − e.g. grants, tax credits and loan guarantees. 

The disclosure requirements – contained in ASC 832 – apply only to business entities that account for government assistance under specific accounting models. There are several implementation considerations regarding the limited scope of ASC 832 and the nature of the disclosures.

Download the document

Government assistance disclosures

Download PDF

Explore more

Accounting Research Online

Access our accounting research website for additional resources for your financial reporting needs.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.