In brief

Timely, high-level overviews of significant business, regulatory, financial reporting, accounting and auditing matters

In brief

01/18/17

Read PwC's In brief series for the latest news in financial reporting, accounting, regulatory, business and auditing on CFOdirect.

NFP consolidation: FASB clarifies how to evaluate limited partnerships

01/18/17

PwC summarizes the FASB’s clarification of the consolidation guidance for NFPs that are general or limited partners.

FASB proposes new inventory disclosures

01/12/17

Have inventory? PwC summarizes how your disclosures may change under a new FASB proposal.

Debt classification: changes exposed for comment

01/11/17

Can debt refinanced in January be noncurrent as of the prior December? The answer may change under FASB proposal.

FASB finalizes a new definition of a business

01/06/17

PwC takes a look at how the FASB’s new definition of a business could result in fewer businesses recognized.

SASB holds inaugural symposium and releases State of Disclosure report

12/14/16

Find out what the SEC, PCAOB, investors, corporations and others had to say at the SASB’s first symposium.

FASB issues narrow-scope amendment to consolidation guidance

10/27/16

New FASB guidance will change how a holder of certain indirect interests in a VIE will perform its consolidation analysis.

FASB simplifies tax accounting for intra-entity asset transfers

10/26/16

FASB issues new guidance that will require the tax effects of intercompany transaction to be recognized currently.

In brief: FASB proposes accounting changes for long-duration contracts of insurers

09/30/16

FASB exposure draft on long-duration contracts proposes significant changes to liability and DAC models for insurers

In brief: Proposal may change premium amortization period on callable debt securities

09/26/16

The FASB issued an exposure draft to amend the amortization period for callable debt securities purchased at a premium.