What's new on CFOdirect - Week of July 24, 2014

Welcome to this week's edition of What's new on CFOdirect, PwC's periodic guide to developments in financial reporting, business news, and management issues.

Inside this issue

Accounting and reporting 

Flashline: A weekly update on financial reporting - July 24, 2014
This week's topics include:
- Private company reporter: PCC makes progress on intangible assets
- Global Tax Accounting Services Newsletter (April - July 2014)
- SEC seeks comments on PCAOB's auditing standard on related parties
- SEC adopts money market fund reform rules
- FASB meetings and project updates
- IASB finalizes IFRS 9, Financial instruments
- IESBA publishes "2014 Handbook of the Code of Ethics for Professional Accountants"
- AICPA issues revenue recognition primer for audit committees

Private company reporter - PCC makes progress on intangible assets 
The Private Company Council (PCC) continues to make progress on simplifying accounting for intangible assets acquired in a business combination.

Global Tax Accounting Services Newsletter (April- June 2014)
This newsletter discusses a variety of global accounting, reporting and tax law developments in the quarter ended June 30, 2014.

Regulations

US regulatory outlook: The beginning of the end
Four years since Dodd-Frank, and several key rulemakings remain. This edition of A closer look provides our view of which regulations will be issued next and what they will look like..

Strategy and operations

10Minutes on organizational DNA
Ever wonder why some companies consistently deliver while others disappoint? Faced with the same market, stocked with similar talent, one organization flourishes, while the other flounders. By understanding what makes your organization tick and where there might be breakdowns to address, you and your employees can truly deliver on your strategic intent.

Technology

The new revenue recognition standard: Is your technology company ready?
In May 2014, the FASB and the IASB released their new standard for revenue recognition, to take effect in 2017 for public companies. The new guidance may constitute the biggest accounting change the world has seen in over a decade, because revenue recognition informs a wide array of business decisions. Technology companies that start preparing for the change now will be in the best position to seize the opportunities that will come with the change - while also surmounting the challenges.

Industrial products

2014 Global Airline Survey: Strategic sights set on transformation and innovation
 
Important megatrends, such as shifting global economic power, technological advances, and demographic changes, are identified as top-of-mind issues for global airline CEOs. As the changing balance of economic power is expected to have a drastic effect on the industry in the next five years, this report highlights three key areas in which CEOs are planning to respond: organizational structure, technology, and talent.

Manufacturing Barometer - July 2014
PwC's Manufacturing Barometer is a quarterly survey of US-based executives in large, multinational industrial manufacturing businesses. Highlights from the second quarter report include, US manufacturers are planning to spend more on infrastructure in the coming year as competitive pressures grow. Additionally, M&A plans have increased.

Webcasts

Webcast: Employee benefits accounting: The latest in compensation & benefits accounting - July 30
The accounting and reporting guidance around benefits and compensation continues to evolve. In an effort to keep you apprised of the on-going changes and updates, we are pleased to invite you to watch our quarterly webcast series, designed for corporate financial reporting and HR executives. PwC specialists provide their perspectives on emerging accounting, regulatory and market developments within the incentive compensation and employee benefits arena.

View more upcoming and archived PwC webcasts
 

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