Find latest publication on US GAAP,IFRS and Canadian ASPE
KPMG addresses frequently asked questions about applying the fair value measurement and disclosure guidance, highlighting the differences between US GAAP and IFRS Standards. This latest edition has been updated for newly effective accounting standards, and other standard-setting and practice developments. Applicability ASC 820 and IFRS 13 All companies whose financial statements include fair value estimates,…
Using detailed Q&As and examples, KPMG explains how the revenue standard (ASC 606) applies to software licensing and SaaS arrangements. KPMG latest guide is updated for continuing developments in practice. Applicability ASC 606 and ASC 340-40 All software and software-as-a-service companies Download from KPMG Financial Reporting View Error happened.
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,…
This comprehensive update from KPMG adds guidance on the scope of ASC 815, the definition of derivative, accounting for derivatives and presentation to existing guidance on qualifying criteria and models to apply hedge accounting. This in-depth guide has also been updated for amendments to ASU 2017-12 and recent developments. Applicability Companies that have derivative instruments…
In this August 2021 Handbook edition, KPMG explains the accounting for income taxes in detail, providing examples and analysis. KPMG handbook is designed to assist companies and others in understanding the application of ASC 740, providing in-depth guidance on a wide range of implementation issues. Applicability All entities subject to income tax Relevant dates Effective…
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KPMG comprehensive guide to ASC 280, Segment Reporting – with analysis, Q&As and examples. This updated in-depth guide also includes segment considerations for domestic filers and foreign private issuers that apply IFRS® Standards or other GAAP. Applicability Public entities (as defined by ASC 280) Relevant dates Effective immediately Key impacts Provides interpretive guidance on ASC…
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An executive overview of the lease accounting standard from a lessor’s perspective. Key impacts: Lessor accounting is not fundamentally changed, but important differences from ASC 840 exist. Key aspects of the lessor accounting guidance have been aligned with the guidance in ASC 606 (revenue recognition). Your customers will now be required to recognize all leases,…
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 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 in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360. Using Q&As and examples, this guide explains in depth the impairment models for goodwill, indefinite-lived intangible assets and long-lived assets. This latest edition includes the FASB’s relief on the goodwill impairment testing date for private companies and not-for-profits….
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