Podcast: Supplier finance programs
10.25.2022 | Duration: 14:34
We discuss ASU 2022-04, which requires buyers to disclose information about their supplier finance program obligations.
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Podcast overview
KPMG professionals discuss the impacts of the recent ASU 2022-04, which enhances transparency of supplier finance programs to understand their effect on an entity’s working capital, liquidity and cash flows.
Applicability
- All entities that use supplier finance programs in connection with the purchase of goods and services
Relevant dates
- Effective for annual and interim periods for fiscal years beginning after December 15, 2022 except for the rollforward disclosure, which is effective for fiscal years beginning after December 15, 2023
- Early adoption permitted
Resource
FASB issues ASU for supplier finance obligations disclosures
A buyer of goods and services should disclose information about its supplier finance program obligations.
Podcast contents
- 00:25 – Introduction
- 00:55 – What is a supplier finance program?
- 04:20 – IFRS® Accounting Standards requirements
- 05:25 – ASU on disclosure only?
- 07:15 – Scope and definition
- 08:20 – Key provisions of ASU
- 11:00 – What are buyers disclosing today?
- 12:05 – Effective date and transition
- 13:40 – Closing remarks
Meet our team
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Mahesh Narayanasami
Partner, Dept. of Professional Practice, KPMG US
Angela Tran
Senior Manager, Dept. of Professional Practice, KPMG US
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Mahesh Narayanasami
Partner, Dept. of Professional Practice, KPMG US
Angela Tran
Senior Manager, Dept. of Professional Practice, KPMG US
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