This KPMG handbook provides detailed guidance on and interpretation of ASC 323, providing examples and analysis.
This March 2021 edition incorporates updated guidance on:
- Significant influence with less than 20% stock ownership
- Accounting for tax credits by a tax equity investor
- Accounting for decreases in capital accounts when tax credits are distributed using the hypothetical liquidation at book value (HLBV) method
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Source: KPMG Financial Reporting View