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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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Handbook: Statement of cash flows
May 24, 2019
Latest edition: Updated for ASU 2018-07 and ASU 2019-01, plus practice issues such as leases and debt arrangements.
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Handbook: Accounting for income taxes
May 22, 2019
Latest edition: Updated to address questions arising after tax reform and other aspects of accounting for income taxes.
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FASB issues targeted transition relief for the credit losses standard
May 15, 2019
ASU 2019-05 provides more flexibility in applying the fair value option on adoption of the new standard.
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Audit committee tool: new credit losses standard
May 14, 2019
CAQ’s updated tool helps audit committees with their oversight of implementation of the new credit impairment standard.
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Proposed simplifications to accounting for income taxes
May 14, 2019
The proposed ASU changes intraperiod allocation, interim period calculations and franchise tax accounting.
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Fannie Mae, Freddie Mac’s New Single Security Initiative
May 13, 2019
KPMG summarizes the accounting implications related to mortgage- backed security exchanges under the Single Security Initiative.
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SEC proposes changes to filer definitions
May 10, 2019
Smaller reporting companies may get relief from the auditor attestation of internal controls requirements.
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SEC mining rules align with global standards
May 08, 2019
Mining companies will disclose property information consistent with global industry practice and guidelines
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FASB proposes disclosure changes
May 07, 2019
KPMG reports on the proposed ASU to update disclosures in response to the SEC’s disclosure initiative.
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SEC proposal on acquisition and disposition disclosures
May 03, 2019
The SEC’s proposed rule would amend S-X Rules 3-05, 3-14, Articles 8 and 11 and adds a new rule for investment companies.
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Insurance: NAIC 2019 spring meeting
May 03, 2019
The NAIC discussed recent accounting changes and regulatory developments impacting insurance companies.
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EITF reaches consensus-for-exposure on contract liabilities
May 02, 2019
EITF proposes to align the recognition of revenue contract liabilities in a business combination with ASC 606.
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Credit impairment: Recoveries and extension options
April 26, 2019
KPMG reports on ASU 2019-04, which changes how a company estimates expected credit losses.
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SAB 74 disclosures required before ASU adoption
April 11, 2019
As the effective date nears, credit impairment transition disclosures should be more detailed.
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SEC amends Regulation S-K disclosures
April 02, 2019
Amendments modernize and simplify certain disclosure requirements to reduce the costs and burdens on registrants.
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FASB re-proposes changes to income tax disclosures
March 26, 2019
KPMG reports on the proposed ASU that seeks to improve the effectiveness of income tax disclosures.
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FASB updates the definition of collections
March 22, 2019
KPMG reports on ASU 2019-03, which realigns the definition with America Alliance of Museums’ Code of Ethics for Museums.
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SEC solicits input on quarterly reporting requirements
March 22, 2019
The SEC considers how to reduce the burdens of quarterly reporting while maintaining or enhancing investor protection.
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Handbook: Accounting for share-based payments
March 21, 2019
Latest edition: KPMG’s comprehensive guide to ASC 718, with Q&As and examples.
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Handbook: Long-duration contracts
March 21, 2019
KPMG’s guide to ASU 2018-12, with Q&As and comparisons to legacy GAAP.
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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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Extending certain private company alternatives to NFPs
February 22, 2019
FASB proposals would change the accounting for goodwill and intangible assets for not-for-profits.
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SEC proposes to expand test-the-waters accommodations
February 21, 2019
The SEC’s proposal would permit companies to consult with investors prior to a public offering.
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Year-end Brexit disclosure considerations
January 31, 2019
Brexit uncertainties require careful consideration of business impacts.
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Update to SEC Rule 3-13 waiver requests during govt shutdown
January 28, 2019
KPMG highlights the SEC’s Q&A on requests for emergency relief under Rule 3-13 during the government shutdown.
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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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Accounting for tax reform
January 23, 2019
KPMG’s tax reform Q&As address the effects of proposed IRS regulations and GILTI earned in 2018 by fiscal year-end CFCs.
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EITF amends the accounting guidance for episodic TV series
January 18, 2019
EITF aligns the accounting and disclosure for episodic television series to the guidance applicable to film.
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Guide to acquired business financial statements
January 18, 2019
KPMG and Latham & Watkins provide a guide to help navigate the financial statement requirements for acquired businesses.
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Corp Fin issues Q&As regarding government shutdown
January 15, 2019
SEC's Division of Corporation Finance published Q&As to help navigate filing matters during the government shutdown.
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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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2019 financial statement requirements guidance
January 11, 2019
Guidance to help navigate the financial statement requirements for acquired businesses and US and non-US issuers.
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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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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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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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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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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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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.