U.S. Financial reporting developments (2016) | KPMG | GLOBAL

KPMG report: Financial reporting developments (second quarter 2016)

U.S. Financial reporting developments (2016)

Financial reporting developments for the second quarter of 2016 include:


Related content

  • U.S. Securities and Exchange Commission (SEC) guidance about non-GAAP reporting; a concept release about how to modernize Regulation S-K; updates to the SEC’s Financial Reporting Manual; other rules and guidance 
  • A FASB standard about credit losses that will significantly change how companies measure and recognize credit impairment for many financial assets. 
  • Three FASB standards related to revenue recognition—likely to be the last substantive amendments to the new revenue recognition model before it becomes effective


Read a June 2016 report prepared by KPMG LLP: Quarterly Outlook – June 2016

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