Financial instruments (current standards)

IFRS Perspectives – September 2022

September 09, 2022

A collection of articles providing updates on current IFRS® Standards issues relevant to US companies.

FAQs about FASB’s ASU on modified receivables

September 01, 2022

We answer questions encountered in practice about the amended TDR guidance and enhanced disclosures for creditors.

Handbook: Reference rate reform

May 05, 2022

In-depth guidance on ASC 848’s optional relief for affected contracts and transactions.

Financial instruments: Recognition and measurement

April 22, 2022

Latest edition: Our in-depth guide to the recognition and measurement of financial instruments.

FASB proposes amendments to ASC 848 and ASC 815

April 20, 2022

Proposals would defer sunset date for reference rate reform accounting, and amend the definition of the SOFR Swap Rate.

FASB amends TDR guidance and enhances disclosures

March 31, 2022

ASU eliminates TDR recognition and measurement guidance for creditors and requires new disclosures.

FASB expands fair value hedge accounting

March 30, 2022

Amendments to establish the portfolio-layer method for hedges of financial assets in a closed portfolio.

Russia-Ukraine war

March 04, 2022

Potential accounting and financial reporting issues created by the war and related economic sanctions.

FASB proposes amendment on TDRs and vintage disclosures

January 04, 2022

Proposed ASU would eliminate TDR recognition and measurement guidance for creditors, and require new disclosures.

2021 AICPA Conference on Banks & Savings Institutions

October 06, 2021

Highlights from the SEC, FASB, banking regulators and others on topics for banks and savings institutions.

Q2 2021 Quarterly Outlook

June 10, 2021

Quarterly update from KPMG on accounting and financial reporting developments, including SEC matters and FASB activity.

FASB expands fair value hedge accounting

May 24, 2021

Amendments to establish the portfolio-layer method for hedges of financial assets in a closed portfolio.

Handbook: Debt and equity financing

May 07, 2021

Latest edition: Our in-depth guide to debt and equity financing, updated for the effects of ASU 2020-06.

Q1 2021 Quarterly Outlook

March 11, 2021

KPMG’s quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.

FASB provides relief for discounting transition

January 08, 2021

Reference rate reform relief extended to derivatives impacted by discounting transition.

Q4 2020 Quarterly Outlook

December 17, 2020

Quarterly update from KPMG on accounting and financial reporting developments, including SEC matters and FASB activity.

How convertible debt will be affected by ASU 2020-06

December 15, 2020

KPMG provides guidance on how ASU 2020-06 will affect convertible debt an issuer can settle in cash and/or shares.

Pt. 2: 2020 AICPA conference on banks & savings institutions

December 07, 2020

Highlights from banking regulators and others on current topics impacting banks & savings institutions.

FASB exposes financial statement element definitions

November 02, 2020

The proposals would revise the conceptual definitions of assets, liabilities, revenues and gains, amongst others.

FASB issues Codification improvements

October 30, 2020

The amendments affect several topics to clarify, correct errors in and make improvements to the FASB Codification.

Handbook: Derivatives and hedging

October 02, 2020

Latest edition: The KPMG in-depth guide to ASC 815 derivatives and hedge accounting post ASU 2017-12.

Pt. 1: 2020 AICPA conference on banks & savings institutions

September 28, 2020

Highlights from the SEC, FASB, banking regulators and others on current topics affecting banks and savings institutions.

Q3 2020 Quarterly Outlook

September 15, 2020

Quarterly update from KPMG on accounting and financial reporting developments, including SEC matters and FASB activity.

FASB amends convertible debt & contracts in own equity

August 07, 2020

KPMG reports on amendments to reduce accounting models for convertible instruments and simplify contracts in own equity.

Lender accounting for COVID-19 loan modifications

June 18, 2020

Latest edition: Accounting considerations for COVID-19 loan modifications, including guidance on TDR determinations.

Q2 2020 Quarterly Outlook

June 18, 2020

KPMG’s quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.

Impact of economic disruption on expected credit losses

March 16, 2020

Q1 economic disruption caused by COVID-19 and oil markets should not be reflected in ASC 326 transition adjustment

FASB provides relief for reference rate reform

March 13, 2020

Optional relief now available to companies preparing for discontinuation of interest rates such as LIBOR.

FASB clarifies transitions into/out of equity method

January 16, 2020

ASU 2020-01 clarifies the interactions between ASC 321, ASC 323 and ASC 815.

December 2019 Quarterly Outlook

December 18, 2019

KPMG’s quarterly update on accounting and financial reporting developments, including recent SEC and FASB activity.