asc 420 kpmg guide

Download Ebook Kpmg Guide KPMG's Accounting Research Online provides easy access to a full range of authoritative accounting and financial reporting literature from regulatory and standard-setting bodies such as the IASB and FASB, and in-depth interpretive guidance from KPMG. The term authoritative includes all level AD GAAP that has been issued by a standard setter. ASC 712 applies the criteria set forth by ASC 710, Compensation‐General, to accrue an obligation for postemployment benefits other than pensions if: services have been performed by employees, employees' rights accumulate or vest, payment is probable, and the amount can be reasonably estimable. 35 ASC 480 Distinguishing Liabilities from Equity 575. ASC 946-210-45-20 Cash and cash equivalents 8,952,000 ASC-946-210-45-21 Cash denominated in foreign currencies (cost $592,000) 543,000 Due from brokers 2,987,000 ASC 946-310-45-1 Receivables for pending investment transactions 260,000 Collateral posted with counterparties for derivative contracts 14,837,000 Stock-Based Compensation and Other Stock-Based Payments . The fair value measurement requirements under ASC Topic 820, Fair Value . ASC 420, Exit or Disposal Cost Obligations, applies to termination benefits provided to current employees that are involuntarily terminated under the terms of a benefit arrangement that applies for a specified termination event or for a specified future period. Alternatively, if a company has no written severance plan, and has not historically established a substantive on-going plan through multiple prior termination events, the severance benefits to be provided to the impacted employees would be considered a one-time termination benefit accounted for under ASC 420-10. Download Deloitte’s lease accounting guide to learn more about how ASC 842 affects lessees and lessors. Equity method investments are not within the scope of ASU 2016-01, which is effective for PBEs for fiscal years beginning after December 15, 2017, and for all other entities for fiscal years beginning after December 15, 2018. Subscribe to our podcast. Also, listen in to our tax foundations podcast series below. Derecognize the remaining ASC 420 balance at transition through an adjustment to equity, or; Carry the remaining ASC 420 balance forward. Accounting Standards Codification (ASC) 420, Exit or Disposal Cost Obligations, addresses the financial accounting and reporting for costs associated with exit or disposal activities. 33 ASC 460 Guarantees 525. Applicability. To download the guide onto an iPad, please open the PDF.Once open, click on the Action button, which appears as a square icon with an upwards pointing arrow. More. And we are delighted to share our experience with you in our IFRS 15 handbook: Revenue.It provides detailed guidance, illustrative examples and extensive discussion of the areas that Refer to Appendix A of the publication for a summary of the updates. Digital Self-Studies. Revised June 2016 . The first episode offers a refresher on what’s in scope of ASC 740, while the second installment focuses on valuation allowances. Summary. You could buy lead kpmg guide … Handbook: Fair value measurement . Register: KPMG webcast on this quarter’s accounting and financial reporting headlines. 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