The quarter close

A look at this quarter’s financial reporting issues Download The quarter close: Third quarter 2009. This quarterly publication provides the key highlights from the last few months and identifies additional resources that provide more detailed information and guidance. 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

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Download The quarter close: Second quarter 2009.

Some of the key Q2 highlights include:

• Impairments of debt securities: Observations from early adopters
• Fair value: New guidance for measurement and disclosures
• The new "net income": Lessons from Q1 (FAS 160)
• Transfers of financial assets: Say good-bye to QSPEs (FAS 166)
• Variable interest entities: More consolidations on the horizon (FAS 167)
• Revenue recognition: Key EITF proposals Other newly effective standards

Download The quarter close: First quarter 2009.

This issue of The quarter close highlights the results of the latest debate on fair value accounting and impairments, and discusses the new standards for business combinations and non-controlling interests, including recent amendments to the guidance on acquired contingencies.