KPMG Financial Reporting podcast

KPMG leaders explain why accounting for transferable tax credits is like going to an all you can eat buffet…of accounting policy elections! Have suggestions on topics you want us to analogize? Email ntricarichi@kpmg.com

We discuss the FASB's ASU 2024-01 on the scope of ASC 718 for profits interests awards.

Hear about the NOCLAR debates and roundtables - expectation gaps and operability challenges for registrants and auditors.

KPMG ESG reporting leaders discuss their main takeaways from the IFRS® Sustainability Symposium in New York on Feb 22, 2024.

Members of the ESG team in the KPMG Department of Professional Practice discuss the latest developments in ESG reporting.

KPMG Department of Professional Practice partners Valerie Boissou and Tim Phelps join host John Barbagallo to discuss recently amended guidance on segment reporting (ASU 2023-07) and related hot topics from the 2023 AICPA & CIMA Conference.

KPMG Department of Professional Practice partners Timothy Brown, Erin McCloskey and Samantha Demty join host John Barbagallo to discuss the 2023 AICPA & CIMA Conference on Current SEC and PCAOB Developments – with a focus on the top accounting and reporting issues addressed at the conference.

The discussion dives into the FASB's proposed ASU regarding the accounting for convertible debt instruments. It emphasizes the complexities of induced conversions and extinguishment accounting. Experts outline challenges organizations face and offer guidance on navigating the new rules. Key considerations for assessing inducement offers against original terms are explored with illustrative examples. Practical advice on transitioning to the new accounting model and the importance of consulting with advisors rounds out the insightful conversation.

Experts discuss proposed ASU improving accounting for induced conversions of convertible debt instruments, explaining what they are and how they work. They explore reasons for issuing convertible debt, including lowering interest costs, and discuss accounting implications of induced conversions.

The Pillar Two rules are going to continue to evolve long after they are initially implemented in 2024. These changes are going to put pressure on a number of important areas for multinationals, including legal entity and operational structures, IT systems and financial reporting processes, just to name a few. In this episode, Tony Burzinski, KPMG Accounting Advisory partner, and James Sanderson, KPMG Tax partner, join the show for the first ever Pillar Two draft! In the two-round draft, Tony and James take turns picking the most important long-term impacts of Pillar Two that companies should start capitalizing on today.