KPMG professionals discuss the effects on accounting and financial reporting of the transition from LIBOR and other reference rates.
- Entities that have financial assets or liabilities linked to LIBOR, as well as collateralized derivatives.
- 01:10 - Reference rate reform summary
- 04:55 - Readiness keys
- 06:40 - Active (old) vs new contracts
- 09:20 - SEC messaging
- 12:45 - SEC filings in practice
- 14:30 - Background on ASC 848
- 20:00 - ASU 2021-01