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There is no specific guidance in US GAAP that addresses the recognition and measurement of government assistance or other incentives received by a business entity. Thus, determining the proper accounting treatment will depend on an analysis of the nature of the assistance and the conditions on which it is predicated.
Accounting considerations for government grants are discussed in PwC’s In depth 2023-04, Accounting for Inflation Reduction Act Energy Incentives.

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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