FASB Topic 832 Decisions
The Financial Accounting Standards Board (FASB) met on November 14, 2018 to make some meaningful progress and decisions on Topic 832: Disclosures by Business Entities about Government Assistance. The Board’s tentative decisions are finally providing some light at the end of this tunnel.
A United State of Incentives
If anyone thinks the states of our country are not united, the New York Times has coined a term that suggests otherwise: “ The United States of Subsidy” . The Times is referring to the subsidies, often referred to as government incentives, that are currently being offered by all levels of government to companies across the nation in order to attract business to their jurisdiction and to stimulate investment.