The quarter close — First quarter 2015

March 2015
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The quarter close: Publication and video perspectives

At a glance

This edition updates you on recent FASB, SEC and other regulatory and corporate governance topics. Learn what's new now, and what to look for in the near future. We invite you to download our Q4 publication and view our new video perspectives.

At a glance

This edition of The quarter close provides insight into the business and accounting impacts of declining oil and gas prices, recognizing the accounting implications of the Affordable Care Act, FASB, IASB and TRG developments related to implementing the new revenue standard, updates on FASB’s simplification proposals for stock-based compensation and income taxes, and more.

Video perspectives — First Quarter 2015

This quarter's video perspectives highlight recent hot topics including a look at the business and accounting impact of declining oil and gas prices, how companies should approach accounting for cloud computing costs, and insights into standards for adoption in 2015.Click on the pictures or titles below to launch the video perspectives.

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Oil price volatility: are you fit for $50 oil?

Oil price volatility: are you fit for $50 oil?

Oil price volatility is impacting companies across all sectors. Hear the driving forces, potential impacts it may have, and the operational levers you can pull to react in the face of this uncertain environment. PwC’s Niloufar Molavi and Valerie Wieman discuss PwC’s Fit for $50 oil campaign; addressing talent management, cost assessment and financial strategy considerations and the related accounting and reporting implications.

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Cloud computing

Cloud computing

Many companies have migrated to the cloud, and many more are considering it. The question of how to account for the fees associated with this new product has been addressed by the FASB and new guidance is coming soon. Hear from Lindsey Morris on the current thinking and what it may mean for your company.

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Top 5 Standards effective or adoptable in 2015

Top 5 Standards effective or adoptable in 2015

Are you ready for the year ahead? Hear Brian Ness and Kassie Bauman share our top 5 standards that are effective or early adoptable in 2015. Tune in to learn about discontinued operations, pushdown accounting, repurchase to maturities, development stage entities and extraordinary items.



 

The quarter close: Fourth quarter 2014

This edition provides insight into the potential effect of the revenue standard on compensation plans, what to look for to identify embedded derivatives in new or modified debt agreements, a spotlight on the FASB’s newly unveiled guidance for applying pushdown accounting, an SEC focus on internal controls, and more. Download The quarter close: Fourth quarter 2014.

Also watch the videos for this Quarter close issue: 

Top 5 financial reporting reminders - 2014

Regulatory update interview with Troy Paredes

Common embedded derivatives


Stock based compensation modifications

New consolidation standard

New consolidation standard - Financial services companies

Comment letter trends

SEC Rule 3-09

The quarter close: Third quarter 2014

In this edition, we look at the new revenue standard and what you need to know moving forward, considerations when contemplating a spin-off, a spotlight on sale-leaseback accounting and debt classification, an update on FASB’s new requirements regarding going concern, and more. Download The quarter close, third quarter 2014.

Also watch the videos for this Quarter close issue: 

Top 5 financial statement line items impacted by the new revenue standard

Spin-offs


The quarter close: Second quarter 2014

In this edition, we look at top considerations for companies going public, an overview of accounting implications of Venezuelan exchange rates, a refresher on intra-period tax allocation considerations, determining how to account for software costs, and more. Download The quarter close: Second quarter 2014

Video perspectives - Second Quarter 2014

Top five IPO readiness tips

Venezuela exchange rates

Tax function effectiveness

Discontinued operations

       

The quarter close: First quarter 2014

This edition of The quarter close covers the latest developments in financial reporting that are top-of-mind for companies in 2014. Here’s a preview: · .

Also watch the videos for this Quarter close issue: 

New goodwill standard for private companies

Determining functional currency

Gross vs. net revenue determination