July 29, 2022

KPMG professionals discuss accounting for convertible debt under ASC 470-20 and contracts on an entity’s own equity under ASC 815-40. Overviews of: accounting for convertible debt under current US GAAP accounting for contracts on an entity’s own equity under current US GAAP expected FASB...

Accounting for income taxes, including uncertainty in income taxes, involves estimates and can be subject to bias. This uncertainty must be taken into consideration in the financial statements under the guidance of ASC 740. This guidance is widely applicable, causing uncertainty in income taxes...

This course introduces consolidation accounting and the two consolidation models in ASC 810 Consolidation. It covers the consolidation analysis steps that an entity follows to determine which consolidation model is the appropriate model to evaluate a legal entity for consolidation. By the end of...

There has been explosive growth in recent years in the volume of transactions involving special-purpose acquisition corporations (SPACs), making them a hot topic for investors, acquirers and sellers. In this session, KPMG professionals discuss these “blank check” entities, which exist solely to...

Business combinations are continuing to occur at a rapid pace. In this session, KPMG professionals discuss common challenges companies face with acquisition accounting and what is on the horizon from standard setters. Issues covered include: purchase price evaluation acquired revenue...

In this course, KPMG professionals provide a refresh on inventory accounting, including measurement considerations for FIFO, LIFO, average cost and retail inventory methods. Topics include: scope and recognition initial measurement subsequent measurement presentation and disclosure. By...

In this course, KPMG professionals discuss recent trends in comment letter activity from the SEC staff. Topics include: process reminders general trends and observations potential triggers of SEC comment letters current cycle comment observations. By the end of this course, participants...

The FASB has clarified the definition of a business. This course addresses applying the framework for determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. By the end of this course, participants should be able to: recognize the basic...

This course is designed to provide participants with a working knowledge of the basic accounting requirements for discontinued operations. Topics include: scope of ASC Topic 205-20 determining the component determining if disposed-of or held-for-sale determining if the strategic shift...

In this course, KPMG professionals discuss key issues in preparing combined and/or carve-out financial statements. This course also addresses practical application matters and highlights observations on current trends. Topics include: boundary of the reporting entity common approaches ...

This course provides an overview of IFRS 3 and explains the acquisition method, measurement and recognition principles and disclosures required by IFRS 3 via interactive examples. By the end of this course, participants should be able to: identify the scope of IFRS 3 determine whether a...

This course features KPMG professionals from the Department of Professional Practice discussing: a look back at 2021 M&A activity emerging issues with business combinations differences between U.S. GAAP and tax allocations common pitfalls and challenges. By the end of this course,...

ASC 740 applies to all domestic and foreign entities preparing U.S. GAAP financial statements, including not-for-profit entities with activities that are subject to income taxes. It covers the financial accounting and reporting of income taxes that result from an entity’s activities during the...

In this course, KPMG professionals discuss current market trends, recent accounting developments, and potential pitfalls to consider when assessing goodwill impairments. By the end of this course, participants should be able to: understand the recent historical economic and market trends...

KPMG’s Sean McKee was the Co-Chair of the AICPA Task Force responsible for drafting the AICPA’s Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies accounting and valuation guide (the Guide). During this course, he reviews the...

Crypto market capitalization has reached more than $2 trillion. So what do we need to know before we go on Crypto? In this course, KPMG professionals discuss (1) some of the key accounting, reporting and other considerations companies should contemplate before they expand their use of and/or...

This course explains the accounting and disclosure requirements of IAS 41 Agriculture. By the end of this course, participants should be able to: identify the scope and objective of IAS 41 identify recognition and measurement requirements for biological assets and agricultural produce ...

Harnessing the power of diversity within a team requires mindful inclusion to cultivate team members' unique attributes and promote a culture where everyone contributes at their highest level. When done effectively, the outcome of inclusive teams is innovative, value-added intellectual capital....