Publications

	The quarter close: What you need to know This quarterly publication is designed to keep you informed about the latest accounting and financial reporting issues. This new publication highlights certain accounting hot topics and newly effective standards along with other areas of interest. Some of the key Q3 highlights include: Revenue recognition: Key EITF proposals finalized Impairment of debt securities: A few reminders Financial instruments: Update on the where this project stands and timing for release Variable interest entities: Countdown to effective date Fair value: Update on the new guidance on measuring liabilities and sneak peak into the disclosures ED expected out soon
	To the point: Current issues for boards of directors This quarterly publication is designed to address select topics that are of immediate interest to directors. As the title suggests, To the point addresses contemporary issues and is meant to be impactful, insightful, and concise. This edition addresses considerations that directors should focus on in this economic environment, such as the implications of President Obama's proposed tax reform for US companies with international operations; new consequences related to convertible debt; and the importance of regular communication between the compensation and audit committees about the degree to which executive pay is linked to risk-taking.
	10 minutes on off balance sheet accounting In January 2010, new reporting requirements will bring more off-balance-sheet arrangements on to the books of both financial and nonfinancial firms. These changes will affect more than just financial reporting. Some asset-based financing techniques may become less attractive, while current or planned collaborations with other companies may need to be rethought or restructured. Financial metrics, operations, stakeholder communications, internal controls, and IT systems may be affected as well. 10Minutes on off-balance-sheet arrangements explains how these upcoming changes may affect how companies design and manage future financing transactions and strategic relationships. It also suggests specific action steps companies can take to prepare today…before the new rules go into effect.

10Minutes on fair value in financial reporting
In recent months, severe and progressive declines in the credit markets have rattled the economy, converting what used to be a technical issue into a full-blown public debate: when and how should fair value be developed and reported? This edition of 10Minutes clarifies this complicated issue, presenting PwC's perspectives on when reporting fair value provides meaningful information and when it proves an awkward fit in today's financial reporting environment - all from the perspective of CEOs, CFOs, and board members. It also shares ideas for a practical path forward and highlights what companies can do now to improve how fair value is reported to investors.

10Minutes on current developments for directors
With the markets still in crisis, many businesses are focused more on day-to-day survival than on the emerging economic reality. To successfully adapt to the new order, businesses will need to keep an ear to the ground, determining which long-held assumptions about market forces are losing currency. What takes the place of those assumptions will reflect both the changing business landscape and the evolving regulatory environment. Directors are bringing their diverse experience and wisdom to bear as they help management negotiate the new terrain. This issue of PwC's 10Minutes discusses what that entails, pointing to actions directors are taking to keep their companies on course.