Line of Business publications

The purpose of these publications is to consider the impact of IFRS requirements for various line of business (LOB) companies. These publications include surveys of companies who apply IFRS and contains survey results and commentary on key accounting areas for LOB companies.

IFRS Balancing Items Newsletter: issue 1, May 2012

Highlights the IASB’s recent exposure draft on the 2010-2012 cycle of its annual improvements to IFRS (ED/2012/1).

IFRS for investment funds: Classification of financial assets and liabilities under IFRS 9

Our series of IFRS for Investment Funds publications addresses practical application issues that investment funds may encounter when applying IFRS.

New on the Horizon: Revenue recognition for technology companies

This publication looks at the potential impact of the revised proposals on technology companies, discusses whether previous concerns have been addressed, and highlights new issues relevant to them.

New on the Horizon: Revenue recognition for Aerospace and Defense companies

This publication looks at the potential impact of the revised proposals on A&D companies, discusses whether their previous concerns have been addressed, and highlights application issues relevant to both IFRS and US GAAP issuers.

Impact on mining companies

For companies with joint arrangements this is a useful summary of the new requirements and their potential impacts.

IFRS for investment funds: Liability vs equity

This publication focuses on the classification of puttable instruments and instruments that impose on the entity an obligation to deliver a pro rata share of the entity’s net assets only on liquidation (‘obligations arising on liquidation’).

New on the Horizon: Revenue recognition for real estate investment and development

This publication focuses on the potential impact of the proposals in the revised exposure draft on revenue on many common transactions in the real estate industry, affecting both developers and investors.

New on the Horizon: Revenue recognition for telecoms

This publication looks at the potential impact of the revised proposals on telecoms, discusses whether previous concerns expressed by them have been addressed, and highlights new issues relevant to telecoms.

Impact of IFRS: Mining

This publication provides assistance to companies in the mining sector who are considering converting to IFRS.

IFRS for investment funds: Segment reporting

This publication addresses practical application issues that investment funds may encounter when applying IFRS 8 Segment Reporting. It discusses the key requirements and includes interpretative guidance and illustrative examples.

New on the Horizon: Revenue recognition for building and construction

This publication looks at the potential impact of the revised proposals on entities in the building and construction sector.

The Application of IFRS: Chemicals and Performance Technologies companies

The publication guides you through some of the accounting challenges facing chemicals and performance technologies companies that report under IFRS.

IFRS for investment funds: Presentation and measurement of financial assets carried at fair value

Our series of IFRS for Investment Funds publications addresses practical application issues that investment funds may encounter when applying IFRS. It discusses the key requirements and includes interpretative guidance and illustrative examples.

New World for Insurance: Progress report on phase II

Following up on The New World for Insurance – Business perspectives on Phase II, we give you an overview and update on how far the Boards have progressed in addressing technical concerns.

Impact on Oil and Gas Companies Newsletter

The financial statements of many oil and gas companies could look very different in the future as a result of the changes to the accounting for joint arrangements.

Impact of IFRS: Power and Utilities

This publication provides assistance to companies in the power and utilities sector who are considering converting to IFRS.

Impact of IFRS: Oil and Gas

This publication provides assistance to companies in the oil and gas sector who are considering converting to IFRS. It gives an overview of the IFRS conversion process and looks at the impact of conversion on IT systems, people and business processes.

The New World for Insurance: Business perspectives on Phase II

This publication is based on discussions with 19 key global insurance companies about the business issues for the insurance industry in transitioning to Phase II of the effort to move to a global insurance accounting standard.

The Application of IFRS: Media companies

This publication is based on a review of the consolidated financial statements of 28 media companies from 15 countries, looking at their approaches to sector-specific accounting issues and considering the disclosures in their financial statements.

The Application of IFRS: Telecoms

The publication reviews 31 telecoms from 24 countries, their approaches to sector-specific accounting issues & disclosures in the financial statements

The Application of IFRS: Technology companies

This publication is based on a review of the consolidated financial statements of 24 technology companies from 8 countries, looking at their approaches to sector-specific accounting issues and considering the disclosures in their financial statements.

Impact of IFRS: Banking

This publication focuses on providing assistance to those companies who are considering conversions to IFRS in the banking sector.

Impact of IFRS: Telecoms

This publication includes discussions on how transition to IFRS will affect a telecoms business processes, information technology systems, affect people and provides a high level introduction of the top technical accounting matters.

Impact of IFRS: Automotive

This publication is aimed at the CFO and serves as a conversation starter during KPMG’s first meeting with clients and targets.

You Said: Revenue recognition for telecoms - 2010/12

In June 2010 the IASB1 and the FASB2 published an exposure draft on revenue from contracts with customers3, which comprises proposals to replace existing guidance under both IFRSs and US GAAP.

New on the horizon: Leases for real estate companies

This edition of New on the Horizon considers the proposals in exposure draft ED/2010/9 with additional focus on the potential impact on real estate companies.

New on the Horizon: Production stripping costs

Summary of the key proposals of and our observations on Draft Interpretation DI/2010/1 Stripping Costs in the Production Phase of a Surface Mine.

New on the Horizon: Revenue recognition for technology companies

This edition of New on the Horizon considers the proposals in the ED from an IFRS perspective, with additional focus on the potential impact on technology companies.

New on the Horizon: Revenue recognition for food, drink and consumer goods companies

This edition of New on the Horizon considers the proposals in the ED from an IFRS perspective, with additional focus on the potential impact on food, drink and consumer goods companies.

New on the Horizon: Revenue recognition for media companies

This edition of New on the Horizon considers the proposed requirements of ED/2010/6 Revenue from Contracts with Customers, with additional focus on the potential impact of the proposals on media companies.

New on the Horizon: Revenue Recognition for Building and Construction

New on the Horizon: Revenue recognition for telecoms

This edition of New on the Horizon considers the proposed requirements of ED/2010/6 Revenue from Contracts with Customers, with additional focus on the potential impact of the proposals on telecoms.

The Application of IFRS: Segment reporting - Executive Summary

This publication presents an overview of the results of a survey of the segment disclosures of 81 companies operating in ten sectors in their most recent financial statements.

New on the Horizon: Decommissioning in the extractive industries

In January 2010 the International Accounting Standards Board published a limited scope exposure draft on the measurement of liabilities, which should be of significant interest to companies in the extractive industries.

Accounting under IFRS: Telecoms

The KPMG International Standards Group, in collaboration with KPMG in the UK, has published Accounting under IFRS: Telecoms. This publication addresses practical application issues that a telecom may encounter in applying IFRSs.

Application of IFRS: Mining — September 2009

The Application of IFRS: Mining

The purpose of this publication is to consider the impact of IFRS requirements for mining companies. The publication includes a survey of 29 companies who apply IFRS.

The Application of IFRS: Power and Utilities

This publication is based on a review of the latest consolidated financial statements of 25 power and utility companies from 16 countries.

The Application of IFRS: Oil and Gas

This publication is based on a review of the latest consolidated financial statements of 33 oil and gas companies from 14 countries. The publication illustrates disclosures made by these companies and highlights some significant variations.

To obtain printed versions of the available IFRS publications please email KPMG ISG

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