In-depth analysis, examples and insights to give you an advantage in understanding the requirements and implications of financial reporting issues.
Handbooks
KPMG handbooks that include discussion and analysis of significant issues for professionals in financial reporting.
Defining Issues
Our collection of newsletters with insights and news about financial reporting and regulatory developments, incl. the Quarterly Outlook and FRV Weekly.
Hot Topics
Detailed discussions and analysis of significant importance to accounting and financial reporting professionals.
ASU effective dates
FRV Weekly | 3.25.2024
FRV Weekly reports on updated handbooks, FASB updates, the economic compass, private equity, webcasts and more.
Impact of EU supply chain laws on US companies
A German supply chain due diligence act is already effective, with an EU-wide directive in the final stages of approval.
Handbook: Accounting for bankruptcies
Latest edition: Our in-depth guide provides interpretive guidance for before, during and after Chapter 11 bankruptcy.
FASB changes course on software cost accounting
Board abandons ‘single model’ in favor of targeted improvements to existing US GAAP.
Handbook: Revenue recognition
Latest edition: Our in-depth guide to the revenue standard, ASC 606, with Q&As. interpretive guidance and examples.
FASB issues final ASU on profits interest awards
ASU 2024-01 provides four cases illustrating the scope application of ASC 718 for profits interest awards.
FRV Weekly | 3.18.2024
FRV Weekly reports on the SEC climate rule Top 10 Q&A executive summary, the newly released Q1 2024 Quarterly Outlook, updated handbooks, banking, insurance, sustainable finance, webcasts and more.
Handbook: Discontinued operations & HFS disposal groups
Latest edition: Our in-depth guide to ASC 205-20 and held-for-sale disposal groups under ASC 360-10.
Q1 2024 Quarterly Outlook
Our quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
Understanding the SEC’s climate rule
Top 10 questions on the final rules – covering scope, Reg S-X and Reg S-K requirements, effective dates and more.
Insurance: February 2024 SAPWG call
KPMG reports on actions taken by the Statutory Accounting Principles Working Group on the February 2024 conference call.
FRV Weekly | 3.11.2024
FRV Weekly reports on SEC’s final climate rule via analysis and webcasts, PCAOB reopening the NOCLAR comment period, IFRS® Perspectives and more.
PCAOB seeks additional insight on proposed amendments
The PCAOB hosted a virtual roundtable on the NOCLAR proposal and has briefly reopened the comment period.
SEC mandates climate reporting and assurance
With its final climate rule, the SEC has responded to concerns while crafting meaningful disclosures for investors.
Handbook: Reference rate reform
Latest edition: Our in-depth guidance on ASC 848’s optional relief for affected contracts and transactions.
FRV Weekly | 3.4.2024
FRV Weekly reports on investments, EU supply chain laws, insurance statutory reporting, Pillar Two, climate, private companies, GenAI and more.
IFRS® Perspectives – March 2024
A collection of articles providing updates on current IFRS® Accounting Standards relevant to US companies.
Evaluating custody of digital assets
We explore accounting ownership of custodied digital assets, and when custody affects revenue recognition.
Insurance: Statutory Reporting – February 2024
We summarize new and revised statutory accounting standards for 2023, 2024 and 2025 financial reporting by insurers.
Handbook: Investments
Latest edition: Our guide to accounting for investments in debt and equity securities and the fair value option.
Accounting and reporting for crypto intangible assets
Accounting, presentation and disclosure for crypto intangible assets both in and out of scope of new ASC 350-60.
Continued climate disclosure focus by SEC staff
Pending a final climate rule, the SEC staff continues to question issuers’ climate disclosures under existing rules.
Insurance: NAIC 2023 Fall meeting, Jan 2024 SAPWG call
We report on actions and discussions on conference calls, at the NAIC 2023 Fall meeting and the January 2024 SAPWG call.
FASB project on environmental credit programs
The FASB’s latest discussion focuses on the model to account for environmental credit obligations.
Handbook: Climate risk in the financial statements
Our in-depth guide comprises a collection of questions, issues and examples that we believe are relevant for companies thinking about the ways in which climate risk can affect their financial statements.
SEC finalizes SPAC rules
The SEC adopted rules and guidance relating to SPACs, target companies in a de-SPAC transaction, and shell companies.
Handbook: Foreign currency
Latest edition: Our in-depth guide on accounting for foreign currency matters.
Hot Topic: SAB 74 reminders
Disclosures required about yet-to-be adopted ASUs
Answers to issuers' clawback implementation questions
Issuers face questions as they look to apply their new recovery policies under the SEC’s compensation clawback rules.
SEC share repurchase disclosure rule vacated
Court vacates Share Repurchase Disclosure Modernization rule as SEC is unable to correct defects.
Handbook: SEC reporting for business combinations
Our in-depth guide to the SEC’s filing and reporting requirements related to significant acquisitions and dispositions.
SEC finalizes cybersecurity rules
SEC staff released new C&DIs on reporting deadlines and materiality when consulting Attorney General.
FASB proposal – induced conversions of convertible debt
FASB issues a proposed ASU on induced conversion accounting for convertible debt instruments.
Important year-end lease reporting reminders
Key presentation and disclosure reminders for preparing financial statements under ASC 842.
FASB issues ASU to disaggregate income tax disclosures
The ASU enhances income tax disclosures for the effective tax rate reconciliation and income taxes paid.
Q4 2023 Quarterly Outlook
KPMG professionals discuss this quarter’s accounting and financial reporting headlines.
Real estate lessor guide
Includes new and updated interpretations for ASC 842, with new material for ASU 2023-01 on common control arrangements.
FASB issues final ASU on crypto asset accounting
ASU 2023-08 introduces fair value measurement, separate presentation and new disclosures for in-scope crypto assets.
Latest: Impact of EU ESG reporting on US companies
The Corporate Sustainability Reporting Directive is now in force, but its application to US companies continues to raise questions.
New SEC staff C&DIs on pay vs performance disclosures
New C&DIs, plus some revisions, provide further guidance about the new disclosure requirements
FASB issues ASU requiring new segment disclosures
The ASU enhances current segment disclosures and requires additional disclosures of significant segment expenses.
Handbook: Fair value measurement
Latest edition: Applying fair value measurement and disclosure guidance under US GAAP and IFRS® Accounting Standards.
California imposes ESG reporting related to carbon offsets
Effective January 1, another broad reaching state-level climate disclosure rule expands the ESG reporting landscape.
Handbook: IFRS® compared to US GAAP
Latest edition: Side-by-side comparison of IFRS Accounting Standards and US GAAP.
Handbook: Accounting changes and error corrections
Latest edition: Our in-depth guide to the accounting and presentation requirements of ASC 250.
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