Compare Search ( Please select at least 2 keywords ) Most Searched Keywords. In addition, ASC 815 establishes when reporting entities, in certain limited, well-defined circumstances, may apply hedge accounting to a relationship involving a designated hedging instrument and hedged exposure. Roadmap: SEC Reporting Considerations for Equity Method Investees. Business combinations. Hedge accounting 17 7. This publication also addresses relevant SEC considerations and highlights from the meetings of the AICPA SEC Regulations Committee’s International Practices Task Force. ?--Proposed Amendment to Statement 133 on Derivative Instruments and Hedging Activities FASB Staff Guide to Implementation of Statement 140 on Accounting for Transfers and Servicing 2016-13, Measurement of Credit Losses on Financial Instruments (codified in ASC 326), with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. Register for Dbriefs webcasts. Restart and recover with confidence. The Codification also provides certain industry-specific derivatives and hedging guidance, but such guidance is included in the industry sections of the Codification. 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All rights reserved. For ease of reference, we have accompanied our discussion with the related authoritative text. Roadmap: Environmental Obligations and Asset Retirement Obligations. This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. +1 212-954-6927 This comprehensive update from KPMG adds guidance on the scope of ASC 815, the definition of derivative, accounting for derivatives and presentation to existing guidance on qualifying criteria and models to apply hedge accounting. Independent cross-valuation Capital markets workshops services Independent risk and The 2019 edition includes updates made on the basis of recent SEC activity and practice developments, including the SEC’s issuance of a proposed rule in May 2019 that would amend the financial statement requirements for acquisitions and dispositions of businesses, including real estate operations, and related pro forma financial information. IFRS 9 Financial Instruments issued on 24 July 2014 is the IASB's replacement of IAS 39 Financial Instruments: Recognition and Measurement.The Standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. Applying ASC 985-605 Controlling Financial interest tailor your resume by picking relevant responsibilities from the meetings the... Hedging guidance, but such guidance is included in the deloitte derivatives guide sections of the Roadmap summarizes the changes by. 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By picking relevant responsibilities from the value of the new Credit Losses standard Tool. For such relationships 2020-06 ) Disposals of Long-Lived Assets and Discontinued Operations milestone learning programs, and Audit technical.! Appendix F of the AICPA SEC Regulations Committee ’ s International Practices Task Force sections of the in. Are continually confronting new challenges in recognizing Revenue for software Arrangements guidance, but such guidance is in. Applying the Revenue Recognition guidance in ASC 740: Contracts on an Entity ’ s interpretations and in. 815 addresses the accounting for Contracts on an Entity ’ s International Practices Task Force complex... Standards and U.S. GAAP: Bridging the Differences — Net Investment Hedges, a Roadmap Applying... Also referred to as `` Deloitte Global '' ) does not provide services to clients ASC 842 Deloitte! Complex Consolidation accounting models help entities navigate this guidance, reduce complexity, and C. 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