Fair value accounting continues to be a topic of significant interest and debate. Fair value guidance is a principles-based global framework that, with few exceptions, impacts all fair value measurements in a reporting entity’s financial statements.
The amended definition of readily determinable fair value may impact accounting and disclosure for equity securities. Read more
PwC describes in detail the financial statement presentation and disclosure requirements of common balance sheet and income statement accounts.
Due to recent Securities and Exchange Commission money market reforms, certain funds are now required to float their net asset values (NAVs).
FASB proposed eliminating Step 2 of the current goodwill impairment test.
The amended definition of readily determinable fair value may impact accounting and disclosure for equity securities.
IVSC is seeking feedback on proposed revisions to intangible assets valuation standard and other topics.
The last year has been challenging for the oil & gas E&P industry. PwC’s leaders analyze the current market environment’s impact on upstream valuations.
PwC does not believe the proposal improves fair value disclosure effectiveness.
FASB issues classification and measurement standard, which will significantly impact accounting for equity investments.
PwC describes the FASB proposal to improve fair value disclosures. Proposed changes would affect all industries.
The FASB has decided upon the effective dates for the Financial Instruments: Classification and Measurement standard.