Find latest publication on US GAAP,IFRS and Canadian ASPE
Find latest publication on US GAAP,IFRS and Canadian ASPE
As entities plan to reduce their carbon footprint, they are often seeking to use ‘green’ or ‘sustainable’ electricity. Electricity is a unique product, because it is not easily storable at scale, and often entities are connected to the electricity ‘grid’…
KPMG’s in-depth guide explains how to account for transfers of financial assets, using Q&As and examples to address common questions and transactions we see in practice. This edition includes new interpretations related to a transfer of a portion of an…
KPMG answers frequently asked questions on applying ASC 606 and ASC 610-20 in the real estate industry – including updated interpretations based on KPMG’s experience with companies applying the standards. Relevant dates Effective immediately. Key impacts Responses to common questions…
KPMG explains how an entity’s management performs a going concern assessment and makes appropriate disclosures. Q&As, interpretive guidance and illustrative examples include insights into how continued economic uncertainty may affect going concern assessments. This latest edition includes illustrative application of…
New proposals on the first IFRS® Sustainability Disclosure Standards mark the next step toward equal prominence for international sustainability and financial reporting. The proposals aim to create a global baseline for investor-focused sustainability reporting that local jurisdictions can build on. Applicability Exposure Draft IFRS…
KPMG addresses frequently asked questions on ASC 321 and changes to ASC 825. This latest edition includes updated interpretations on investments in qualified affordable housing projects. Applicability ASC 321, ASC 825, (ASU 2016-01, ASU 2018-03, ASU 2019-04, ASU 2020-01) Companies that hold equity investments Companies that…
Companies often consider divestitures to raise capital or maximize shareholder value. A divestiture may take the form of a sale of all or a portion of a business, a spin-off of all or a portion of a business to existing…
ASC 420 establishes an accounting model for costs associated with exit or disposal activities, including restructuring activities. Under this model, a liability for costs associated with an exit or disposal activity should be recognized and initially measured at fair value…
The accounting guidance in ASC 410-20 applies to legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of a long-lived asset. A legal obligation is an obligation that a…
ASC 740 allows companies to apply the flow-through method or the deferral method when accounting for investment tax credits. However, that foundational policy choice is followed by a series of additional policy choices that can lead to varied financial reporting…