Find latest publication on US GAAP,IFRS and Canadian ASPE
EY FRD publication on accounting for leases under ASC 840 has been updated to clarify and enhance our interpretive guidance. Refer to Appendix D of the publication for a summary of the updates. Download from EY Accounting Link Error happened.
This EY Financial reporting developments (FRD) publication on goodwill and intangible assets has been updated. See Appendix D of the publication for a summary of the updates. Download from EY FRD Error happened.
This EY FRD publication on bankruptcies, liquidations and quasi reorganizations has been updated to enhance and clarify our interpretive guidance. See Appendix A for a summary of important changes. Download from EY Accounting Link Error happened.
In March 2022, the SEC staff released Staff Accounting Bulletin No. 121 (SAB 121), which provides interpretive guidance for reporting entities that engage in activities in which they have an obligation to safeguard customers’ crypto assets. The guidance is applicable to certain reporting entities that apply US GAAP or IFRS. SAB 121 requires a reporting entity that performs crypto…
Read More “PwC Perspectives on SAB 121 and safeguarding crypto assets” »
KPMG in-depth guidance explains in detail how to account for asset acquisitions. The guidance includes KPMG’s latest interpretations based on frequent questions and answers, and illustrates how the accounting for asset acquisitions differs from business combinations accounting. Applicability An acquirer entering into a transaction that is considered to be an asset acquisition Relevant dates Effective…
KPMG’s in-depth guide explains the optional expedients in ASC 848 that permit an entity to not apply otherwise applicable US GAAP to contracts or transactions that are modified or otherwise affected due to reference rate reform Applicability ASC 848 All companies with contracts or hedging relationships that reference an interest rate that is expected to be discontinued…
Read More “KPMG Handbook: Reference rate reform in US GAAP” »
KPMG provides guidance and interpretation of ASC 830, explaining the accounting for foreign currency matters. Applicability Companies that have transactions denominated in a foreign currency Companies that have operations in a foreign currency environment Currently effective requirements This Handbook takes an in-depth look at the application of ASC 830, Foreign currency matters. Download from KPMG FRV…
Using Q&As and examples, KPMG provides interpretive guidance on consolidation-related accounting issues in applying ASC 810. This May 2022 edition incorporates updated guidance and interpretations. Applicability Companies that present consolidated financial statements Companies with interests in variable and/or voting interest entities Relevant dates Effective immediately Challenging and sometimes perplexing Consolidated financial statements are presumed to be…
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 on: Analyzing the application of ASC 606 and ASC 610-20 Applying the 5-step revenue recognition model Applying the…
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 going concern’s most significant complexities. Applicability All entities Relevant dates Effective immediately Key impacts The…