Month: July 2021

Issuer’s Accounting for Debt under US GAAP Deloitte 2021 Roadmap

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This Roadmap provides an overview of the FASB’s authoritative guidance on the issuer’s accounting for debt arrangements (including convertible debt) as well as our insights into and interpretations of how to apply that guidance in practice. Determining the appropriate accounting for debt arrangements can be time-consuming and complex. Terms that are significant to the accounting…

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Deloitte US GAAP Publications

Derivatives and hedging (after the adoption of ASU 2017-12

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EY FRD publication on derivatives and hedging (after the adoption of ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities) has been updated to reflect recent standard-setting activity and to clarify and enhance our interpretive guidance. Refer to Appendix E of the publication for a summary of the updates. Download from EY Accounting Link Error happened.

EY US GAAP Publications, US GAAP

Business combinations under US GAAP KPMG 2021 Handbook

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KPMG explains the accounting for acquisitions of businesses and related issues with examples and analysis. In this comprehensive update, KPMG provides detailed guidance on and interpretation of ASC 805, including illustrative examples and Q&As, and addresses specific acquisition-related accounting issues. Applicability Company that is involved with a business combination Company that presents goodwill in its…

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KPMG US GAAP Publications

Share-based payments under US GAAP KPMG 2021 Handbook

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KPMG latest edition explains accounting for share-based payments, ASC 718, in detail including Q&As, interpretive guidance and examples. Applicability All companies with employee or nonemployee share-based payment awards Relevant dates Effective immediately Report contents Scope Measurement of awards Classification of awards as either liabilities or equity Recognition of compensation costs Modification of awards Income tax…

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KPMG US GAAP Publications

Accounting for cloud computing costs July 2021

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This EY publication discusses how an entity might account for a cloud computing arrangement considering the requirements in IFRS. IFRS Standards do not contain explicit guidance about a customer’s accounting for cloud computing arrangements, so judgement will be required to account for them. This EY publication has been updated for the March 2021 IFRS Interpretations…

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EY IFRS Publications

Applying IFRS – Accounting for SPACs

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Acquisition by a special purpose acquisition company (SPAC) offers private companies a way to go public without a traditional initial public offering. As the volume of SPAC transactions continues to grow, stakeholders, including regulators, continue to expect high quality financial reporting which appropriately addresses relevant accounting and disclosure matters. Download this IFRS resource Error happened.

EY IFRS Publications, IFRS