About "US Capital Markets and Accounting Advisory Services"
The PwC US Capital Markets and Accounting Advisory Services practice helps companies face a myriad of complex issues – related to acquisitions, divestitures, consolidations, bankruptcy, restatements, debt / equity offerings, changes to accounting methods, stock compensation, and more.
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- Private company accounting alternatives on goodwill (Observations from the front lines)
3/25/14 | US Capital Markets and Accounting Advisory Services
Recently the FASB issued an Accounting Standards Update to permit private companies to amortize goodwill acquired in a business combination, and to apply a simplified goodwill impairment model. This change is intended to help reduce reporting complexity for private companies; however, private companies should carefully consider this alternative, especially for those considering an initial public offering.
- Private Company Platforms – NYSE ACE Portal & NASDAQ Private Market (Observations from the front lines)
2/13/14 | US Capital Markets and Accounting Advisory Services
The broadening of private company securities sales has helped drive the development of two new offerings from the NYSE and NASDAQ OMX. Both solutions, although different in approach and focus, are designed to provide a platform and market structure for private companies to manage and conduct the sale of private company securities.
- Being prepared in a hot IPO market (Observations from the front lines)
1/23/14 | US Capital Markets and Accounting Advisory Services
Strong demand for IPOs continued in the fourth quarter of 2013, capping a robust year for the capital markets and setting the stage for continued growth in 2014. The window for raising capital in a robust IPO market tends to open with bursts of popularity then close quickly. This requires a constant state of readiness for the required IPO document that is filed with the Securities and Exchange Commission “SEC”. Don’t let unforeseen financial reporting items be the road block to accessing the IPO markets.
- Strategic Divestiture Alternatives – An efficient structure re-emerges (Observations from the front lines)
12/17/13 | US Capital Markets and Accounting Advisory Services
The re-emergence of a Mergers & Acquisitions (“M&A”) technique known as a “Reverse Morris Trust” (“RMT”) has proven to provide some unique advantages over other strategic alternatives as a vehicle for divesting divisions or a separate business. Companies considering a divestiture should become knowledgeable on the recent comeback of this strategic alternative so they can actively engage in conversations with their advisors.
- Debt refinancing in an uncertain rate environment (Observations from the front lines)
11/5/13 | US Capital Markets and Accounting Advisory Services
The economic business environment continues to improve and interest rates in the most recent year remain low, although there is concern that they may rise in the near term. Companies who have seen their credit outlook recover, and/or want to take advantage of the current lower interest rate environment, may consider refinancing their existing debt. Companies have found that the financial reporting outcomes of such negotiations may not reflect the entire expected economic benefit.
- Supply chain financing: What you need to know (Observations from the front lines)
9/19/13 | US Capital Markets and Accounting Advisory Services
Many companies are seeking to improve their working capital by reviewing the terms of their trade payables. To aid companies in streamlining their payables process, financial institutions built IT solutions to act as an intermediary between purchaser and supplier. As an intermediary, financial institutions can offer a liquidity solution to the supplier by way of factoring their receivables.
- PwC and Knowledge@Wharton: New revenue rules delayed, but start planning now
8/22/13 | US Capital Markets and Accounting Advisory Services
A new, comprehensive accounting standard is set to change the way many companies recognize revenue in their financial statements, and that could reverberate through myriad systems and processes in significant ways. Many companies do not yet realize the degree of change the new standard will usher in, nor how it could affect many industries in unexpected ways, according to PwC and Wharton.
- A higher bar for reporting discontinued operations (Observations from the front lines)
7/10/13 | US Capital Markets and Accounting Advisory Services
The FASB issued a proposal to change the criteria and reporting requirements for discontinued operations while adding new disclosures for individually material dispositions that do not qualify as discontinued operations. Companies should consider how the proposed standard impacts their communication plan to investors.
- The importance of being financially bilingual
5/13/13 | US Capital Markets and Accounting Advisory Services
When conducting cross border deals, it is important to Identify potential financial reporting differences to maximize deal value and for understanding how financial reporting and regulatory requirements interact. Embedding GAAP changes and managing multi-GAAP reporting post-acquisition requires planning.
- Decoding key metrics in cross-border acquisitions (Observations from the front lines)
4/4/13 | US Capital Markets and Accounting Advisory Services
US companies seeking to acquire acquisition targets headquartered outside of the United States should understand the foreign target’s financial information, including the application of non-US GAAP and the target’s accounting policies, and identify where GAAP and policy are not aligned with the buyer’s basis of preparing its financial information.
- Beware of cliffs and waterfalls in renewable perspectives (Observations from the front lines)
2/27/13 | US Capital Markets and Accounting Advisory Services
Companies that structure renewable energy investments to allow investors to achieve returns through tax credits should also understand that the income statement impact of renewable energy investments can be particularly complex.
- Standard setters revisit push down accounting requirements (Observations from the front lines)
2/21/13 | US Capital Markets and Accounting Advisory Services
Push down accounting refers to instances in which an acquiring entity (or parent company) pushes its new basis down to the stand-alone financial statements of an acquired entity. The Emerging Issues Task Force (EITF) is in discussions regarding the circumstances that drive a change in accounting basis or an acquired entity's stand-alone financial statements. Potential changes could result in more instances where push down accounting is required.
- Avoiding hits to earnings when swapping fixed debt to floating (Observations from the front lines)
12/10/12 | US Capital Markets and Accounting Advisory Services
Companies pursuing fair value hedge accounting treatment for transacting interest rate swaps to exchange higher fixed rates on existing debt to lower floating rates are sometimes unaware of the quantitative effort needed because the "shortcut" method is often not available.