PODCAST

FRV podcast: Reference rate reform

Tune in and explore the potential effects of reference rate reform with a focus on available accounting relief.

John Barbagallo

John Barbagallo

Managing Director, Dept. of Professional Practice, KPMG US

+1 212-954-7258

Lisa Blackburn

Lisa Blackburn

Executive Director, Dept. of Professional Practice, KPMG US

Mark Northan

Mark Northan

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-6927

Podcast overview

KPMG professionals discuss ASC 848 and the relief that may be available when accounting for the transition away from LIBOR and other interest rates that are expected to be discontinued.

Applicability

  • Companies with contracts or hedging relationships that reference an interest rate that is expected to be discontinued (e.g. LIBOR)

Podcast contents

  • 00:50 - Reference rate reform summary
  • 03:55 - Optional accounting relief
  • 10:15 - Example of applying relief
  • 14:50 - Sunset (end) date for relief