FASB Proposes Taxonomy Improvements Related to ASU on Government Grants

The FASB staff has proposed improvements to its Development GAAP Taxonomy to reflect elements related to Accounting Standards Update (ASU) No. 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities. The proposed taxonomy improvements include updates for ASUs published from December 1, 2025, to December 31, 2025.

For information on submitting comments on the proposed taxonomy updates, see the FASB’s Web site.