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Handbook: Reference rate reform

Handbooks | March 2024

 

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Optional expedients offered through ASC 848, Reference Rate Reform, including contract modifications, hedging relationships, sale/transfer of HTM debt securities, etc. were sunset on December 31, 2024, after which entities must apply applicable US GAAP without the optional relief.

KPMG handbooks cover a range of topics that may be accessed here.

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FASB issues ASU to extend relief for LIBOR transition

Entities can apply accounting relief for contracts and transactions affected by reference rate reform until Dec 31, 2024.

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Reference rate reform

Tune in and explore the potential effects of reference rate reform with a focus on available accounting relief.

Learn more July 28, 2022

Reference Library

In-depth analysis, examples and insights to give you an advantage in understanding the requirements and implications of financial reporting issues.

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Mark Northan
Partner, Dept. of Professional Practice, KPMG US
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Lisa Blackburn
Partner, Dept. of Professional Practice, KPMG US
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