AASB 16 Leases - assets.kpmg

AASB 16 Leases KPMG.com.au A fundamental overhaul of lessee accounting effective 2019

  Accounting, Fundamentals, Overhaul, Aasb, Lessee, Kpmg, Aasb 16, Fundamental overhaul, Lessee accounting

IFRS compared to US GAAP - assets.kpmg

A changing focus. Both the FASB and the IASB believe that the era of sweeping accounting change has come to an end, for now, and both are committed to helping companies

Guide to annual financial statements: IFRS 9 ...

Notes Basis of preparation 16 1. Reporting entity 16 2. Basis of accounting 16 3. Functional and presentation currency 16 4. Use of judgements and estimates 16

  Guide, Ifrs

ESG, strategy, and the long view - assets.kpmg

From our perspective, many of these issues fall under the broad rubric of environmental, social, and governance (ESG), from climate change impacts and worker safety to …

  Safety

The Power of Procurement - assets.kpmg

And as the world continues to wade through its fi nancial morass, the Procurement function will also fi nd itself under increasing pressure in areas currently considered

Customer-led transformation in retail banking - assets.kpmg

kpmg.com July, 2018. Retail banks can create superior customer experiences by balancing . the priorities of the 5Cs. Customer-led . transformation in retail banking

  Bank

UAE 2018 Food & Beverage report - assets.kpmg

This is the fourth edition of our annual series which examines the current state of the United Arab Emirate’s (UAE) Food & Beverage (F&B) industry.

Modular Construction Report - assets.kpmg

Foreword Many construction projects have a reputation for being completed behind schedule and over budget. While these companies have tried to improve project time, cost and

  Construction

Example Public Company Limited - assets.kpmg

f | Example Public Company Limited – illustrative disclosures Contents From implementation to disclosure b How to use this guide c Further KPMG Guidance d What’s new?

  Guidance

Cloud Economics: Making the Business Case for Cloud

2 Making the Business Case for Cloud Cloud computing can enable innovation, dramatically reduce capital and operating costs, increase agility, and reduce time to market for new products and services.

  Economic

ASC 842 - Lease Accounting

Under FASB’s operating lease accounting, operating leases are capitalized but accounted for differently from finance leases (previously called capital leases. The present value of the operating lease payments is recorded as a separate asset and liability and the profit and loss (P&L) expense remains as the straight-line average expense.

  Under, Accounting, Lease, Basf, Under fasb

Real estate accounting and reporting

The FASB issued a new accounting standard1 that significantly changes the income statement effect of equity investments held by an entity and the recognition of changes in fair value of financial liabilities when the fair value option is elected. Under the new standard, entities must measure equity

  Standards, Under, Accounting, Real, Estate, Basf, New standard, New accounting, Real estate accounting

International Financial Reporting Standards (IFRS)

the FASB and the IASB. This agreement, concluded in Norwalk, CT, established a joint commitment to develop compatible accounting standards that could be used for both domestic and cross-border financial reporting. In a subsequent Memorandum of Understanding in September 2008, the FASB and the IASB agreed that a common set of

  Accounting, Basf

Leases (Topic 842) - FASB Accounting Standards Codification®

proposed in the FASB Discussion Paper, Leases: Preliminary Views, the 2010 proposed Accounting Standards Update, Leases (Topic 840), and the 2013 proposed Accounting Standards Update, Leases (Topic 842). The Board decided that, consistent with all three proposals, lessees should be …

  Accounting, Lease, Basf, Fasb accounting

Leases - Australian Accounting Standards Board

Accordingly, the International Accounting Standards Board (IASB) and the US national standard-setter, the Financial Accounting Standards Board (FASB), initiated a joint project to develop a new approach to lease accounting that requires a lessee to recognise assets and liabilities for the rights and obligations created by leases. This approach will

  Standards, Financial, Accounting, Board, Lease, Basf, Financial accounting standards board

Identifying embedded leases - Deloitte

While the definition of a lease under the new standard is not much different than under ASC 8402—and the requirement to search for embedded leases is not new— the financial statement impact of failing to appropriately identify a lease can be more significant under ASC 842.Under ASC 840, operating leases and service contracts that

  Identifying, Standards, Under, Lease, Embedded, New standard, Identifying embedded leases

Accounting Changes and Error Corrections (Topic 250 ... - FASB

the standard will have on the financial statements of the registrant when adopted. In this regard, the SEC staff expects the additional qualitative disclosures to include a description of the effect of the accounting policies that the registrant expects to apply, if determined, and a comparison to the registrant’s current accounting policies.

  Standards, Accounting, Basf