Financial instruments (current standards)

2023 AICPA Conference on Banks & Savings Institutions

September 27, 2023

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

Handbook: Debt and equity financing

August 31, 2023

Latest edition: Our in-depth guide to debt and equity financing, with our latest interpretations.

FAQs about FASB’s ASU on modified receivables

May 12, 2023

Updated: We answer questions encountered in practice about amended TDR guidance and enhanced disclosures for creditors

Handbook: Reference rate reform

May 04, 2023

Latest edition: Our in-depth guidance on ASC 848’s optional relief for affected contracts and transactions.

Handbook: Credit impairment

January 27, 2023

Latest edition: Our updated guide to CECL, with Q&As, interpretive guidance and examples.

FASB issues ASU to extend relief for LIBOR transition

December 21, 2022

Entities can apply accounting relief for contracts and transactions affected by reference rate reform until Dec 31, 2024.

Handbook: Investments

September 30, 2022

Our in-depth guide to the accounting, presentation and disclosures of investments in debt and equity securities.

2022 AICPA Conference on Banks & Savings Institutions

September 28, 2022

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

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

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

Financial instruments: Recognition and measurement

April 22, 2022

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

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.

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.