Financial instruments: Recognition and measurement US GAAP

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.


ASC 321, ASC 825, (ASU 2016-01ASU 2018-03ASU 2019-04ASU 2020-01)

  • Companies that hold equity investments
  • Companies that have elected the fair value option for financial liabilities

Relevant dates

  • ASU 2016-01 and ASU 2019-04 are effective in both annual and interim periods for all entities.
  • The effective date for ASU 2020-01 is included in the following table.

Download publication from KPMG Financial Reporting View

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