May, 2021 - The GAAP Site

Accounting changes and error corrections under US GAAP 2021 KPMG Handbook

May 19, 2021August 19, 2021 alishan No Comments

Using Q&As and examples, this KPMG guide explains in depth how to identify, account for and present the different types of accounting changes and error corrections. Applicability All entities Relevant dates Effective immediately Key impacts Accounting changes comprise changes in accounting principle (mandatory or voluntary), changes in accounting estimates and changes in reporting entity. Mandatory…

KPMG US GAAP Publications

Debt and equity financing under US GAAP 2021 KPMG Handbook

May 10, 2021August 19, 2021 alishan No Comments

In August, 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, resulting in the most substantial changes to this accounting standard in many years. Our in-depth guide has been updated to reflect those changes. Applicability All entities Entities that issue convertible instruments or contracts in an entity’s…

KPMG US GAAP Publications