Red satellite tower with a sunset and green hills

In a 2022 FORVIS survey of rural telecom co-ops, 62% of participants reported they have received some form of grant award in the past three years, while only 2% were unaware that grant opportunities are available. Stay on top of rural broadband grant updates and accounting considerations and connect with a FORVIS trusted advisor to assist in this detailed process.

Broadband Grants Level Of Involvement

Need additional insights on broadband grant accounting? Check out our informative archived webinar, “Telecom Accounting Challenges & Strategies,” for broadband grant accounting considerations like:

  • Upcoming Changes
    • ASU 2021-10 (Topic ASC 832, Government Assistance)
    • Adoption
  • Additional Disclosures
    • Grant model (IAS 20 – Accounting for Government Grants and Disclosure of Government Assistance)
    • Contribution model (ASC Subtopic 958-605, Application of the Limited Discretion Indicator and Accounting for Cost-Sharing Provisions in a Grant Agreement)
  • Grant Model/IFRS Alternative
    • IAS 20
  • Contribution Model/GAAP Alternative
  • Methods
    • Deferred revenue
    • Proceeds in aid of construction
  • Regulated Operations
  • Plus Key Takeaways!

Watch Today

For more resources, visit our Telecommunications webpage.

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