Find latest publication on US GAAP,IFRS and Canadian ASPE
Find latest publication on US GAAP,IFRS and Canadian ASPE
Acquisition by a special purpose acquisition company (SPAC) offers private companies a way to go public without a traditional initial public offering. As the volume of SPAC transactions continues to grow, stakeholders, including regulators, continue to expect high quality financial…
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…
KPMG’s in-depth guide to ASC 842, with Q&As, interpretive guidance and examples. In this handbook, KPMG explains the new leases standard (ASC 842) in detail. We provide detailed Q&As, examples and observations, as well as comparisons to legacy US GAAP,…
Using Q&As and examples, this KPMG guide explains in depth how to identify, account for and present the different types of accounting changes and error corrections. Applicability All entities Relevant dates Effective immediately Key impacts Accounting changes comprise changes in…
In August, 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, resulting in the most substantial changes to this accounting standard in many years. Our in-depth guide has been updated to reflect…
In-depth guidance on, and interpretations of, ASU 2018-12. This latest edition includes new and updated interpretations and examples based on our experience with companies implementing ASU 2018-12. Applicability Insurance entities that issue long-duration contracts Not applicable to policyholders of long-duration…
This April 2021 edition expands on our existing ASC 606 guidance for franchisors to incorporate insights on the adoption of ASU 2021-02, which simplifies how private company franchisors analyze certain activities when determining their performance obligations in a franchise agreement.…
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…
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…
Learn about cryptocurrencies and the primary issues involved in accounting for them under International Financial Reporting Standards (IFRS). This publication includes: a brief overview explaining what cryptocurrencies are a discussion of possible approaches to accounting for cryptocurrencies under existing IFRS…