Hot Topic | July 2020
Updated: Ongoing economic disruption may impact the accounting for certain financial instruments.
The ongoing economic downturn caused by COVID-19 may have an impact on the accounting for certain financial instruments. KPMG highlights key reminders for companies to consider in the current economic environment.
Coronavirus
Download PDFImpact of economic disruption on expected credit losses
Q1 economic disruption caused by COVID-19 and oil markets should not be reflected in ASC 326 transition adjustment
Financial reporting impacts of COVID-19
Guidance, updates and news covering financial reporting impacts of COVID-19
Handbook: Credit impairment
Latest edition: Our updated guide to the accounting, presentation and disclosures of CECL
Handbook: Derivatives and hedging
Latest edition: Our in-depth guide on derivatives and hedge accounting, with our latest interpretations.
Handbook: Fair value measurement
Latest edition: Applying fair value measurement and disclosure guidance under US GAAP and IFRS® Accounting Standards.
Handbook: Investments
Latest edition: Our guide to accounting for investments in debt and equity securities and the fair value option.
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