KPMG IFRS Institute

New on the Horizon: Leases Financial Reporting Network | June 10, 2013 | Accounting & Financial Reporting KPMG's ISG recently published New on the Horizon: Leases, which provides an in-depth discussion about the joint FASB and IASB Exposure Drafts about lease accounting and some of the effects that the proposals would have on lessees and lessors.

IFRS Newsletter: Revenue -- Transaction Declined -- No New Guidance for Credit Card Issuers Financial Reporting Network | June 10, 2013 | Accounting & Financial Reporting The May 2013, Issue 9 of KPMG ISG's IFRS Newsletter: Revenue -- Transaction Declined -- No New Guidance for Credit Card Issuers summarizes the decisions reached by the IASB and FASB at their May 2013 meeting at which the Boards reached a tentative decision about the forthcoming revenue recognition standard, specifically, not to provide additional guidance about reward programs provided by credit card issuers.

Guide to IFRS Condensed Interim Financial Statements Financial Reporting Network | June 10, 2013 | Accounting & Financial Reporting KPMG's ISG recently released in PDF format Guide to Condensed Interim Financial Statements - Illustrative Disclosures, which illustrates one possible format for presenting IFRS condensed interim financial statements prepared under IAS 34, Interim Financial Reporting.

Updated Publication: IFRS Handbook: Share-based Payments Financial Reporting Network | June 03, 2013 | Accounting & Financial Reporting KPMG's ISG recently updated IFRS Handbook: Share-based Payments, which provides a comprehensive analysis of IFRS 2, Share-based Payment.

KPMG Comments on FASB and IASB Proposals for Recognizing Credit Losses on Financial Assets Financial Reporting Network | June 03, 2013 | Accounting & Financial Reporting KPMG IFRG Limited recently commented on the proposed FASB ASU, Financial Instruments-Credit Losses, and the IASB ED, Financial Instruments: Expected Credit Losses, which would change the way entities recognize credit impairment on financial assets that are not measured at fair value with changes in fair value recognized in net income.

In the Headlines: Liabilities for Levies: Identifying the Triggering Event Financial Reporting Network | May 28, 2013 | Accounting & Financial Reporting In the Headlines 13-09 summarizes the IASB Interpretation 21, Levies, which provides guidance about when an entity should recognize a levy as a liability under IAS 37, Provisions, Contingent Liabilities and Contingent Assets. Interpretation 21 is effective retrospectively for annual periods beginning on or after Jan. 1, 2014.

Latest on Revenue Recognition Financial Reporting Network | May 28, 2013 | Accounting & Financial Reporting KPMG LLP recently posted to the Financial Reporting Network a new web page, Latest on Revenue Recognition, for use by financial executives at public and private entities.

Executive Accounting Update -- Leases Financial Reporting Network | May 28, 2013 | Accounting & Financial Reporting KPMG LLP recently released Executive Accounting Update -- Leases, which provides a brief overview of the new FASB and IASB joint Exposure Drafts about lease accounting.

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