The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of the International Accounting Standards Board ...
According to a FASB news release, many businesses currently apply International Accounting Standard (IAS) 20, Accounting for Government Grants and Disclosure of Government Assistance, in the absence ...