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Reference library
KPMG guides and publications that include discussion and analysis of significant issues to provide you with an advantage in understanding the requirements and implications of financial reporting issues.
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March 2019 Quarterly Outlook
March 15, 2019
KPMG’s quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
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Handbook: Leases
March 11, 2019
Latest edition: KPMG’s comprehensive guide to ASC 842, with Q&As, examples and observations to explain key concepts.
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Handbook: Credit impairment
March 06, 2019
Latest edition: comprehensive guide to CECL, with examples explaining key concepts and highlights of changes from legacy US GAAP.
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FASB approves targeted changes to lessor accounting
March 05, 2019
KPMG reports on targeted changes to lessor accounting and clarification of interim transition disclosures.
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Proposed share-based consideration to a customer
March 04, 2019
The FASB’s proposed ASU clarifies how an entity would measure and classify share-based payments to a customer.
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IFRS Perspectives – February 2019
February 28, 2019
KPMG’s latest update on current IFRS issues relevant to US companies.
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Q&A Leases: Real estate lessors
January 23, 2019
KPMG answers questions on applying ASC 842 for real estate lessors. Frequently asked questions on applying the new standard.
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Handbook: US securities offerings financial statement requirements – Non-US
January 11, 2019
KPMG and Latham & Watkins provide a roadmap to help navigate the financial statement requirements for non-US issuers.
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Financial statement requirements in US securities offerings: What you need
January 11, 2019
KPMG and Latham & Watkins provide a roadmap to help navigate the financial statement requirements of the federal securities laws.
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Q&A Revenue: Real estate
January 10, 2019
Latest edition: KPMG answers questions on applying ASC 606 in the real estate industry.
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Handbook: Consolidation of VIEs
January 03, 2019
Latest edition: KPMG provides its guidance on the consolidation of VIEs – with in-depth analysis and examples.
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Regulation A expanded to reporting companies
December 21, 2018
The SEC has amended Reg A to allow Exchange Act reporting companies to use the exemption.
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ASC 842 for lessees
December 21, 2018
An executive-level overview of the new lease accounting standard from a lessee’s perspective.
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ASC 842 for lessors
December 21, 2018
An executive-level overview of the new lease accounting standard from a lessor’s perspective.
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Handbook: Earnings per share
December 20, 2018
KPMG’s comprehensive guide to EPS, featuring a step-by-step approach to basic and diluted EPS calculations.
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SEC provides guidance on lease exchange rates
December 19, 2018
KPMG reports on new SEC staff guidance on updating foreign exchange rates used to remeasure lease ROU assets.
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SEC solicits input on quarterly reporting requirements
December 19, 2018
The SEC considers how to reduce the burdens of quarterly reporting while maintaining or enhancing investor protection.
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December 2018 Quarterly Outlook
December 19, 2018
KPMG’s quarterly update on accounting and financial reporting developments, SEC activity and major FASB standards.
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Handbook: Revenue – Software and SaaS
December 18, 2018
Latest edition: KPMG’s guide to applying ASC 606 to software & SaaS contracts, with comparisons with legacy US GAAP.
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Insurance statutory reporting – December 2018
December 18, 2018
KPMG’s latest summary of statutory accounting standards for 2018 and 2019 financial reporting by insurance companies.
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2018 AICPA Conference
December 16, 2018
KPMG reports on the important messages coming from this year’s conference.
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SEC clarifies guidance for EGCs on loss of status
December 16, 2018
The SEC staff provides clarification for new registrants who do not qualify as EGCs on the adoption of new standards.
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Insurance: NAIC 2018 Fall Meeting
December 13, 2018
The NAIC discussed recent accounting change and regulatory developments impacting insurance companies.
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FASB issues ASU making lessor narrow-scope improvements
December 10, 2018
ASU simplifies the accounting by lessors for sales and similar taxes and lessor costs paid by the lessee.
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Handbook: Business combinations
December 05, 2018
Latest edition: KPMG explains accounting for acquisitions of businesses and related issues with examples and analysis.
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UK court ruling could affect pension obligations
December 05, 2018
A recent UK court ruling may increase pension obligations of companies with UK pension plans.
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FASB proposes clarifications for financial instruments
November 20, 2018
FASB seeks to clarify the guidance and address implementation issues associated with the new standards.
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Handbook: Revenue recognition
November 20, 2018
KPMG’s updated guide to ASC 606, with Q&As and examples to explain the standard, and comparisons to legacy US GAAP.
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Amendments to the credit losses standard
November 16, 2018
In ASU 2018-19, the FASB clarifies the scope of the standard and the effective date for non-public business entities.
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Handbook: Accounting for income taxes
November 16, 2018
KPMG updates its guide for 2017 US tax reform. Explains the accounting for income taxes. Provides examples and analysis.
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IFRS Perspectives – November 2018
November 15, 2018
KPMG’s latest update on current IFRS issues relevant to US companies.
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Tax uncertainties in the United States
November 15, 2018
KPMG’s in-depth comparison of the US GAAP accounting for uncertain tax treatments to IFRS, with examples to illustrate.
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Asset acquisitions
November 09, 2018
KPMG highlights the significant differences in accounting for asset acquisitions versus business combinations
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FASB proposes improvements for episodic TV series
November 08, 2018
FASB seeks to address cost capitalization for episodic television series, a consensus of the EITF.
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SEC mining rules align with global standards
November 06, 2018
Mining companies will disclose property information consistent with global industry practice and guidelines
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Targeted improvements for collaborative arrangements
November 06, 2018
KPMG reports on ASU 2018-18, clarifying the interaction between collaborative arrangements and the new revenue standard.
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FASB makes targeted improvements to VIE guidance
November 02, 2018
KPMG reports on ASU 2018-17, which expands the private company VIE exemption and changes fee guidance for decision makers.
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SEC releases report on cybersecurity frauds
November 02, 2018
KPMG reports on the SEC’s Investigative Report that emphasizes internal controls may need to be reassessed.
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Financial instruments: Recognition and measurement
October 30, 2018
Latest edition: KPMG’s guide to the recognition and measurement of financial instruments.
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New benchmark interest rate for hedge accounting
October 26, 2018
In ASU 2018-16, the FASB has added the Overnight Index Swap rate based on the Secured Overnight Financing Rate as a benchmark interest rate for hedge accounting.
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SEC provides regulatory relief for hurricane victims
October 18, 2018
SEC deadlines extended for companies impacted by Hurricanes Florence and Michael.
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Handbook: Segment reporting
October 18, 2018
KPMG’s comprehensive guide to ASC 280 segment reporting with Q&As and examples to explain key concepts.
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Updated ASC 842 transition disclosure examples
October 03, 2018
As the effective date nears, lease transition disclosures should be more detailed and include quantitative information.
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2018 AICPA National Conference on Banks
October 02, 2018
Highlights from the SEC, FASB, banking regulators and others on current topics for banks.
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EITF reaches consensus-for-exposure on contract liabilities
September 28, 2018
EITF proposes to align the recognition of revenue contract liabilities in a business combination with ASC 606.
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Handbook: Statement of cash flows
September 28, 2018
KPMG’s comprehensive guide to cash flow statement presentation, including trending classification issues and related disclosures.
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Handbook: Hedging
September 27, 2018
KPMG’s comprehensive guide to ASC 815 hedge accounting post ASU 2017-02– with Q&As and examples to explain key concepts.
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Clarifying the new interim disclosure requirement
September 21, 2018
The SEC’s Disclosure Update and Simplification rule requires changes in stockholders’ equity in interim financial statements.
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ASC 842 for equipment lessees
September 20, 2018
An executive summary that highlights key points for equipment lessees applying the new leases standard.
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September 2018 quarterly outlook
September 14, 2018
KPMG’s quarterly update on recent accounting and financial reporting developments, including SEC activity and major FASB standards.
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Insurance statutory reporting – September 2018
September 12, 2018
This follows the discussions and new guidance adopted by the NAIC on conference calls and at its 2018 Summer Meeting.
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When do 2018 financial statements go stale for 2019 offerings?
September 05, 2018
Planning an offering in 2019? Here’s when 2018 annual and interim financial statements will go stale.
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Insurance: NAIC 2018 Summer Meeting
August 31, 2018
The NAIC discussed recent accounting change and regulatory developments impacting insurance companies.
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FASB issues ASU on accounting for implementation costs of cloud computing arrangements
August 30, 2018
KPMG reports on the FASB’s new ASU on customers’ accounting for implementation costs in cloud computing arrangements (CCAs) based on a consensus of the FASB’s Emerging Issues Task Force (EITF)
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IFRS perspectives – August 2018
August 30, 2018
KPMG’s August 2018 IFRS Perspectives newsletter. An update on IFRS Issues in the United States.
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Changes to fair value disclosures
August 30, 2018
The FASB has amended the fair value disclosure requirements as part of its broader disclosure framework project.
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Changes to defined benefit plan disclosures
August 29, 2018
The FASB has amended pension and OPEB disclosures as part of its broader disclosure framework project.
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FASB adds to concepts statement with guidance on materiality and disclosures
August 28, 2018
KPMG reports on the release of the disclosure framework chapter of Concepts Statement No. 8, and amendments to the qualitative characteristics chapter.
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SEC adopts rule to update and simplify disclosures
August 24, 2018
The SEC has adopted a final rule that will amend disclosure requirements that were redundant, overlapping or superseded.
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Derivatives and hedging accounting handbook
August 16, 2018
KPMG explains the accounting for derivatives and hedging before the adoption of ASU 2017-12, with examples and analysis.
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Changes to long duration insurance accounting
August 16, 2018
ASU 2018-12 changes how insurance entities recognize, measure, present and disclose long-duration contracts.
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SEC updates smaller reporting company definition
August 15, 2018
KPMG reports on the latest clarifications for qualifying as a ‘smaller reporting company
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FASB issues proposed ASU on narrow-scope improvements for lessors
August 15, 2018
KPMG reports on the FASB’s proposed ASU on narrow-scope improvements for lessors
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FASB proposes changes to the definition of collections
August 10, 2018
KPMG reports on the FASB’s proposed ASU that would modify the definition of collections.
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SEC proposes changes to disclosures in certain registered debt offerings
August 09, 2018
KPMG reports on the SEC’s proposed amendments to disclosures for Rules 3-10 and 3-16 of Reg S-X related to guaranteed securities.
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FASB ASU makes targeted improvements to ASC 842
July 31, 2018
The amendments create an additional transition method, and a lessor practical expedient to combine lease and non-lease components.
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Insurance: NAIC 2018 summer meeting
July 23, 2018
KPMG reports on actions taken on conference calls and at the Summer 2018 meeting of the National Association of Insurance Commissioners.
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FASB ASU makes technical corrections to ASC 842
July 19, 2018
The FASB’s final ASU making technical corrections to the new leases standard has been issued.
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Supreme Court overturns ‘physical presence’ standard
July 12, 2018
The Court’s decision makes it clear that businesses can no longer rely on lack of physical presence to avoid collecting and remitting sales and use taxes.
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Argentina: Highly inflationary considerations
July 05, 2018
KPMG reports on Argentina’s classification as having a highly inflationary economy and explains what actions companies need to take.
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Concept release on modernizing Reg S-K
June 27, 2018
KPMG reports on proposed amendments to ASC 815. The FASB’s proposals could reduce the cost and effort required to apply hedge accounting and expand the type of activities that qualify for hedge accounting.
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EU audit reforms: the countdown begins
June 27, 2018
KPMG reports on changes to NFP disclosures in ASC 958. The FASB’s new ASU on NFP disclosures simplifies net asset classes but requires additional information on expenses and liquidity
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Q&A: FI - Recognition and measurement
June 27, 2018
KPMG reports on changes to NFP disclosures in ASC 958. The FASB’s new ASU on NFP disclosures simplifies net asset classes but requires additional information on expenses and liquidity
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FASB clarifies scope for share-based payment modifications
June 27, 2018
KPMG reports on ASU 2017-09, which clarifies what constitutes a modification of a share-based payment award. The ASU specifies when companies will need to apply modification accounting under ASC 718-20.
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Blockchain, cryptocurrency challenge accounting models
June 27, 2018
Blockchain technologies such as cryptocurrency and their potential effects on accounting, internal controls, and business processes.