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This publication helps users understand the significant differences between IFRS Standards and US GAAP, and provides a summary of differences encountered most frequently. This publication focuses primarily on recognition, measurement and presentation. Applicability Public companies Private companies that do not adopt the private company accounting alternatives Relevant dates Annual reporting periods beginning on January 1,…
Many insurers have used the temporary exemption from applying IFRS 9 Financial Instruments and have instead continued to apply the predecessor standard IAS 39 Financial Instruments: Recognition and Measurement. However, this exemption will no longer apply when IFRS 17 Insurance Contracts becomes effective – i.e. for annual periods beginning on or after 1 January 2023 – and that time is approaching…
Read More “IFRS 9 for insurers – Are you good to go? KPMG IFRS Publication” »
KPMG Guides to financial statements help you to prepare financial statements in accordance with IFRS Standards. They have three components: Illustrative disclosures, which illustrate one possible format for financial statements, based on a fictitious multinational corporation; COVID-19 supplement, which illustrates additional disclosures that companies may need to provide on accounting issues arising from the COVID-19 coronavirus…
IFRS 9 Financial Instruments sets out the general principles for recognising, classifying, and measuring financial assets – e.g. loans. These principles apply for both originated and acquired loans and for certain loan commitments, but how do they apply? This KPMG Publication deals with Accounting by banks for loans acquired either directly or through a business combinations. Download…
Applying IFRS 2 Share-based Payment can be challenging, particularly with the variety and complexity of the broad range of share-based payment schemes that exist worldwide. This KPMG Handbook aims to help you apply IFRS 2 in practice, using illustrative examples to clarify the practical application. Visit Source link to download this Handbook. Source: KPMG IFRS Error happened.
EPS is an important metric that is widely used by analysts and other external users of financial statements, as well as by management. However, despite IAS 33 Earnings per Share being in existence for some years, questions on how to apply this standard are still frequent. Using a step-by-step approach and examples, KPMG IFRS handbook: Earnings per share will…
Reporting revenue under IFRS 15 Revenue from Contracts with Customers is now one of your ordinary activities. So this feels like the right time to take stock – to pull together, in one place, what KPMG has learned about this new world of revenue recognition. Download KPMG IFRS 15 Revenue – Handbook Error happened.