This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.
The Q3 2014 edition focuses on the new revenue recognition standard, spin-offs, recognizing revenue for sales of virtual goods, sale-leaseback transactions, the new FASB rule requiring going concern assessment, and corporate governance – Audit Committee Excellence Series and tips for maintaining an effective whistleblower program.
The Directors edition is a shortened version of The Quarter Close – a publication designed for CFOs and Controllers.
The Q2 2014 edition focuses on five IPO reminders for boards, FASB's new guidance on discontinued operations, and the Venezuelan exchange rates. Also, there is a section on corporate governance that describes two new publications: the Family Business Corporate Governance Series and the Audit Committee Excellence Series.The Quarter close: Directors edition Q1 2014
The Q1 2014 edition focuses on new standards for private companies being adopted, assessing whether profit-sharing arrangements are accounted for as equity or a bonus, two class method of calculating earnings per share, accounting for new transaction types using old methods – gross versus net revenue analysis, allocating income taxes to separate company and carve-out financials, new FASB developments relating to financial instruments, consolidations, and insurance projects, regulatory matters, and corporate governance – cybersecurity.
The Q4 2013 edition focuses on the upcoming revenue recognition standard, structured payables programs, implications of government tax incentives, retiree health plans, implications of stock repurchases, the PCAOB's revised proposal on disclosing information about the auditors, corporate governance issues and SEC rule making.
The Q3 2013 edition focuses on developments with the Private Company Council, such accounting hot topics as statement of cash flows, accounting for common control transactions and contingencies, the FASB proposal on accounting for insurance contracts, the SEC’s whistleblower rule, and the latest PCAOB developments such as the proposed changes to the auditor’s report and mandatory audit firm rotation.
The Q2 2013 edition focuses on leadership changes at the SEC and FASB, the FASB’s latest proposals on the revised leases model, accounting hot topics including balance sheet offsetting disclosures, “gross versus net”, tax court cases and stock compensation pitfalls; an update of the COSO internal control integrated framework, a discussion of the SEC’s conflict minerals rule, PCAOB developments, the FASB’s latest proposals on financial instruments and corporate governance matters including an introduction to ProxyPulse.
The Q1 2013 edition focuses on leadership changes at the SEC and FASB, key decisions on the revenue recognition project, the FASB’s latest proposals on financial instruments, latest FASB releases and updates on key standard-setting projects, recent SEC, PCAOB, and IFRS developments, and corporate governance matters, including a preview of the 2013 proxy season.
The Q4 2012 edition focuses on the AICPA National Conference on Current SEC and PCAOB Developments; insights into the FASB's project on disclosure effectiveness; and accounting hot topics, including Eurozone crisis update, fair value, asset impairments, pensions, and valuation allowances.
The Q3 2012 edition focuses on the SEC's IFRS Work Plan, an update on Dodd-Frank rulemaking, and progress on FASB projects.
The Q2 2012 edition focuses on the FASB's and IASB's decision on lease accounting, the implementation of the JOBS Act, contingency planning and the Eurozone crisis, and the feedback on PCAOB's proposed mandatory audit firm rotation concept release.
The Q1 2012 edition focuses on the FASB and IASB approaches to lease accounting, the latest on US tax reform measures, an update of the COSO internal control integrated framework, what to expect this proxy season, and so much more.
The Q4 2011 edition focuses on the European debt crisis, the FASB and IASB convergence agenda, proposals for mandatory auditor rotation, SEC views on moving to IFRS, the emerging debate on private company standard setting, impairment assessments, pension accounting, revenue recognition, tax disclosures and more on other key topics.
The Q3 2011 edition focuses on the FASB and IASB’s redeliberations on the priority joint projects, the PCAOB’s concept releases on auditor rotation and reporting model, the possible incorporation of IFRS into the U.S. financial reporting system, and more on other key topics.
The Q2 2011 edition spotlights the FASB and IASBss continued deliberations on the joint standard-setting projects, the SECss latest release on the possible incorporation of IFRS into the US financial reporting system, and more on Dodd-Frank and other key topics.
The Q1 2011 edition spotlights three major standard-setting projects, highlights of proposals issued this quarter, accounting hot topics, SEC's progress on Dodd-Frank, IFRS transition activity, and more.
The Q4 2010 edition spotlights key recent developments including yet another change in standard-setting priorities and timetables, highlights from the 2010 AICPA National Conference on Current SEC and PCAOB Developments, and year-end and first quarter 2011 reporting matters.
In this edition, we begin by exploring what the recently-announced changes at the FASB might mean for the future of convergence. That is followed by an overview of the latest exposure drafts from the standard setters on selected projects, including revenue recognition, leases, and loss contingencies. Finally, we look at the latest on tax legislative changes.