May 9, 2023

This course provides an introduction to the concept of ESG value creation and explains the core business case for ESG investment. Over the past decade, ESG performance has become both a business imperative and a source of competitive advantage. In this course, we discuss the key drivers that are...

KPMG professionals discuss segment reporting under ASC 280. Topics include: identifying the CODM identifying operating segments determining reportable segments segment disclosures FASB project update: segment reporting. After completing this course, participants should be able...

This course provides an update on consolidation guidance under US GAAP in ASU 2018-17 and discusses how to apply the private company variable interest entity exemption and decision maker variable interest criteria. By the end of this course, participants should be able to: identify the key...

In this course, KPMG professionals provide a refresher on the discontinued operations (ASC 205-20) and held-for-sale [HFS] (ASC 360-10) guidance, including key SEC requirements and trends. Topics include: scope of ASC subtopics 205-20 and 360-10 key concepts (component, disposal group and...

Companies, both globally and in the United States, have a heightened awareness about environmental, social and governance (ESG) issues as investors, regulators, and the community at large are demanding greater transparency and board accountability. Organizations that prioritize ESG can drive...

This course addresses advanced issues and application of the accounting for business combinations, including recognition principles, measurement period adjustments, non controlling interest, and disclosures. Accounting for business combinations can be extremely complex so it is important to be...

This course covers the accounting and reporting requirements for business combinations in accordance with ASC 805: Business Combinations. It is very common for an entity to acquire a business, so it is important to be familiar with the considerations when an acquisition falls within the scope of...

This course explains the control model in IFRS 10 Consolidated Financial Statements and required disclosures in IFRS 12 Disclosures of Interests In Other Entities. The course also explains presentation requirements for non-controlling interests, consolidation accounting requirements and...

This course provides an introduction to IAS 32, Financial Instruments: Presentation and its requirements for debt and equity classification. By the end of this course, participants should be able to: identify items in the scope of IAS 32 recall considerations for classification of financial...

This course provides an introduction to derecognition of financial assets and liabilities (IFRS 9). By the end of this course, participants should be able to: select the appropriate steps and requirements of the eight-step model for derecognition of financial assets select the accounting...

This course explains the different categories of employee benefits and how to account for each type of employee benefits under IAS 19. The course also provides presentation and disclosure requirements for post-employment benefits. By the end of this course, participants should be able to: ...

This course provides an overview of requirements in IFRS 9 with respect to classification and measurement of financial instruments and differences between IFRS 9 and U.S. GAAP (ASU 2016-01). By the end of this course, participants should be able to: recall classification and measurement...

This course provides overview of requirements in IFRS 9 with respect to impairment and differences between IFRS 9 and US GAAP (ASU 2016-13). By the end of this course, participants should be able to: recall impairment requirements in IFRS 9 identify key differences between IFRS 9 and US GAAP...

This course provides an overview of transition requirements, mandatory exceptions and mandatory exemptions available on the first-time adoption of IFRS. By the end of this course, participants should be able to: identify the general requirements to be applied when an entity adopts IFRS and...

Through the use of a case study, this course explains how cash generating units are determined for testing for impairment under IAS 36. The course also explains how the recoverable amount of an asset or a cash-generating unit is calculated, how the impairment charge is allocated to the underlying...

This course is intended to explain accounting and disclosure requirements of IAS 34 Interim Financial Reporting and IFRIC 10 Interim Financial Reporting and Impairment. By the end of this course, participants should be able to: identify the components, form, and content of interim financial...

This course explains the different types of joint arrangements and how to account for each type of joint arrangement. The course also explains the concept of significant influence and how it is determined. Additionally, this course explains the equity method of accounting for joint ventures and...

This course provides an overview to presentation of financial statements, including events after the reporting period (IAS 1 & IAS 10). By the end of this course, participants should be able to: recall the scope of IAS 1 Presentation of Financial Statements identify the purpose, features,...

This course focuses on differences between IFRS 15 and ASC 606. By the end of this course, participants should be able to: recall requirements of IFRS 15 identify differences between IFRS 15 and ASC 606 apply IFRS 15 and ASC 606 to various scenarios. Keywords: IFRS, IFRS 15, ASC 606,...

This course provides the key principles of asset recognition and measurement under IFRS through interactive examples and comparisons to US GAAP. By the end of this course, participants should be able to: identify tangible and intangible assets recall the recognition and measurement criteria...

This course explains when to apply IFRS 16 and lessee and lessor accounting models in IFRS 16. The course also highlights differences between IFRS and US GAAP. By the end of this course, participants should be able to: recall requirements of IFRS 16 Leases with respect to scope, lease...

This course provides an introduction to derivatives and embedded derivatives in accordance with IFRS 9 Financial Instruments. By the end of this course, participants should be able to: identify the objectives and scope of IFRS 9 as they relate to derivatives and embedded derivatives ...

This course provides an overview of accounting for goodwill and the requirements outlined in ASC Subtopic 350-20. Such requirements relate to identifying reporting units and allocating goodwill to those reporting units and testing goodwill for impairment. This course also includes the upcoming...

This course introduces the accounting and reporting requirements for investments in equity securities and other ownership interests in an entity within the scope of ASC 321. It also provides an overview of the equity method of accounting set out in ASC 323. Many entities hold equity securities in...

This course covers selected revenue recognition application guidance, contract modifications and costs, presentation and disclosures from ASC Topic 606. Additional application topics include: licenses sales with a right of return repurchase agreements warranties other topics. By the...

This course covers the five main steps to apply the revenue recognition model in ASC Topic 606. Topics include: background and scope the five step model. At the end of the course, participants should be able to: define the five steps of the revenue recognition model. This course is the...

This course provides an overview on how to select accounting policies, account for changes in accounting policies and estimates, account for errors in the financial statements, and describe the respective disclosure requirements under IFRS. By the end of this course, participants should be able...

This course provides an introduction to hedge accounting in accordance with IFRS 9. By the end of this course, participants should be able to: identify qualifying hedging instruments and hedged items determine the type of hedging relationship and related accounting determine when fair...

This course provides an introduction to IAS 12, Income Taxes. By the end of this course, participants should be able to: Compute current and deferred taxes identify general recognition and measurement principles in IAS 12 determine the tax rates to be used. Identify the exceptions for...

This course provides an overview of IFRS 2 Share-based Payment via interactive examples and comparisons to U.S. GAAP. By the end of this course, participants should be able to: identify the differences between equity-settled, cash-settled, and compound share-based payment transactions ...

In this module, you will learn about what hedging is, and the accounting for cash flow, fair value and net investment hedges under ASC 815. Entities are exposed to risks, some of which they hedge with derivative instruments. It is important to understand the hedge strategies that can be employed,...

This course covers the basic definitions of debt and equity securities and provides an overview of basic accounting and reporting issues surrounding the initial and subsequent recognition when these instruments are issued by an entity. Debt and equity play a key role in the analysis of an...

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...

FASB's Accounting Standards Update 2014-17 provides guidance on applying pushdown accounting to an acquired entity. This course provides an overview of that guidance. By the end of the course, participants should be able to: describe when an acquired entity can apply pushdown accounting in...

This course demonstrates how the criteria for capitalization of development costs are applied in different industries, through the use of case studies using examples from three different industries. The course also shows the distinction between the research phase and the developments phase, and...

This course provides an introduction to presentation of certain selected disclosures for financial instruments under IFRS 7, related party disclosures under IAS 24, and operating segments under IFRS 8. By the end of this course, participants should be able to: identify the purpose, scope, and...

This course provides an overview of the retirement and disposal criteria applicable for tangible and intangible assets; criteria and treatment for classifying assets as held for sale or as discontinued operations; and the related disclosure requirements under IFRS. We recommend completing IFRS -...

This course covers the differences between debt and equity from an accounting perspective and the guidelines provided in U.S. GAAP to distinguish between debt and equity classification. Debt and equity play a key role in the analysis of an entity’s financial position and is therefore a focus of...

This course explores the scope of ASC 718, how to classify awards within scope as either equity-classified or liability-classified, and basic measurement techniques and key inputs when determining the fair value of awards. Many entities enter into share-based payment awards with their employees...

Fair value is one of the most judgmental and complex areas of accounting, and most entities are subject to the fair value measurement accounting requirements in some way. In this course, you will learn about many important considerations when measuring fair value, including: identifying the...

From NFTs to crypto asset staking, liquidity pools and other decentralized finance (DeFi) activities, the crypto asset landscape continues to evolve and expand. This course includes: a refresh on accounting for crypto assets recent SEC, FASB and IASB activity emerging hot topics. By the...

In this course, professionals from KPMG in the US and Germany discuss the latest on the EU's proposed Corporate Sustainability Reporting Directive (CSRD), including the impact on US companies. Topics include: overview of the CSRD recent amendments made to the proposed CSRD, including ...

This course is intended to provide an introduction to foreign exchange rates, hyperinflationary economies, and related disclosure considerations under IAS 21 and IAS 29. By the end of this course, participants should be able to: identify requirements for translating foreign currency...

This course provides guidance on the general principles of accounting for foreign currency matters in accordance with ASC 830, including how to determine an entity’s functional currency, account for foreign currency transactions, and translate financial statements into the functional currency of...

This course is intended to provide the key principles of asset impairment under IFRS through interactive examples and comparisons to US GAAP. By the end of this course, participants should be able to: recall the methodology for impairment testing of property, plant and equipment and...

This course provides an introduction to IAS 40, Investment Property. By the end of this course, participants should be able to: identify investment property determine the recognition and measurement criteria for investment property under IFRS versus U.S. GAAP identify how to account for...

This course covers the accounting and reporting requirements for property, plant and equipment (PPE) in accordance with ASC 360, including assessing which costs would be capitalized as part of PPE, what assets are classified as PPE and depreciation methods. For many entities, PPE is often a...