This in-depth answers specific questions about a range of topics, related to the impact of COVID-19 on financial reporting. Topics include impairment assessments; accounting for the impact on revenue recognition, inventory, leases, compensation, debt, taxes, and financial statement presentation; and considerations related to internal control over financial reporting.
KPMG’s guidance on and interpretation of ASC 326. KPMG explains the new credit impairment standard (CECL) in detail, providing examples and analysis – updated for recently issued and forthcoming amendments and continuing developments in practice.
The U.S. capital markets have long been a favored destination for foreign companies wishing to raise capital or establish a trading presence for their securities. The SEC provides a general overview of the relevant laws and regulations governing the U.S. securities markets with which foreign companies wishing to access the U.S. capital markets should be familiar. In addition, it provided some additional information to further clarify the matter.
Accounting Research Manager is a comprehensive financial reporting knowledge base that provides materials designed to help solve your most pressing issues. Updated daily, it is the most timely, complete, interpretive, and objective resource for your financial reporting needs. Discover how it can answer your specific issues through our various modules and access IASB (including IFRS), FASB, AICPA, SEC, EITF, PCAOB, IIA, COSO, GASB, GAO, and OMB content in one searchable database.
PwC has published a guide reviewing the similarities and differences between IFRS and US GAAP. Understanding the differences will assist, among others, those involved in the capital markets.