Welcome to the third quarter 2012 edition of The quarter close. The summer months didn’t slow the pace of the regulators and standard setters. If you’re just getting back from summer vacation, you’re returning to a number of new proposals and other releases. With the end of the third quarter quickly approaching and year-end not far behind, we’ll help get you up-to-date with the latest developments.
Here’s a preview of the topics you’ll find in this edition:
Front and center. The SEC made good on its promise to release its report on IFRS and a final rule on “conflict minerals.” If you haven't heard of “conflict minerals,” this is worth a read, as the rule is expected to have wide-ranging implications. In standard-setting news, the FASB may have parted ways with the IASB on an impairment model for financial assets.
Accounting hot topics. Along with an update on health care reform, we provide important refreshers and some new insights on segment reporting, debt restructurings, income taxes, and more. Also, take a look at the upcoming offsetting disclosures, as you just might be affected.
Hot off the press. Several FASB releases are sure to keep you busy this fall. Look here for the highlights and comment letter due dates. In addition, take note of the final standard on indefinite-lived intangible assets—you may be able to take advantage of the simplified impairment test this year.
And lots more. We also provide updates on the PCAOB’s recent activity, the FASB’s standard-setting projects, and the latest SEC comment letter trends. And, we provide a quick recap of the 2012 proxy season.
Download The Quarter close: Third quarter 2012 to read the full report.