Capital Markets and Accounting Advisory publications

There is a tremendous amount of thought leadership and marketing literature in the marketplace today on all types of business issues. At PwC, we intend to bring the most relevant and up-to-date thought leadership in a concise format making it easy for you to find the information you need to help think through your complex business issues by providing you with real world accounting insight on complex current matters.

Featured publications

Observations from the front lines: Accounting for income taxes in cross-border transactionsObservations from the front lines: Accounting for income taxes in cross-border transactions
Companies are seeking opportunities for growth and diversification. They are increasingly using cross border M&A activity as a mechanism for becoming established in foreign markets and to stimulate growth. Such activity is expected to increase in 2015, a result of lower foreign tax rates, a strengthening US dollar, US stock market indices reporting record levels and an accumulation of cash by foreign subsidiaries. These trends have afforded companies the opportunity to engage in M&A activity by using the strong US dollar to purchase foreign companies.

PwC and Financial Executives Research Foundation (FERF) report: The New Revenue Recognition Standard: Are you Prepared for Change?PwC and Financial Executives Research Foundation (FERF) report: The New Revenue Recognition Standard: Are you Prepared for Change?
In this survey report, PwC and FERF teamed up to gain an understanding of where companies are relative to implementing new revenue recognition standard. While many companies do not know what the implementation journey fully looks like yet in terms of implementation processes, costs, timing, contract reviews, IT and systems, operations, quantification and reporting, they understand they should start preparing now.


PwC and Knowledge@Wharton special report: Navigating the financial reporting challengesPwC and Knowledge@Wharton special report: Navigating the financial reporting challenges
In this special report, PwC and Wharton and have teamed up to highlight the hidden risks and opportunities that can arise from key accounting challenges and suggest ways for companies to manage them — and potentially prosper. The articles collected here originally were published separately over the course of 2013 and 2014.


In depth: Revenue standard is final – A comprehensive look at the new modelIn depth: Revenue standard is final – A comprehensive look at the new model
The FASB and IASB have issued their long-awaited converged standard on revenue recognition -- how will you be affected? Accompanying this comprehensive review are industry-specific supplements with examples and further insights into ways entities within the industry are likely to be affected by the new revenue recognition standard.


In brief: Revenue recognition - The future is here (No. 2014-09)In brief: Revenue recognition - The future is here (No. 2014-09)The FASB and IASB have issued their long-awaited converged revenue standard. Some change is expected for most entities.


In the loop: Reporting revenue — new model, new strategy?In the loop: Reporting revenue — new model, new strategy? The new revenue guidance is here…will it change how you do business?


10Minutes on Revenue recognition10Minutes on Revenue recognition provides information about the impending standard and insight into ways in which some companies are preparing for the broader impact.


Observations from the Front linesObservations from the front lines is a series in which PwC's Accounting Advisory practice shares insights and perspective on current economic issues and their impact on business, and highlights actions that companies have taken to address them.


Other Accounting Advisory publications

PwC and Knowledge@Wharton: Can Companies Adapt to Changes in the IPO Environment?PwC and Knowledge@Wharton: Can Companies Adapt to Changes in the IPO Environment?
With changing regulations and a constantly changing environment, companies and private venture sponsors now have multiple options and a number of considerations to think through when it comes to going public.


Point of view: Lease accounting - Enhancing the financial reporting model
In this Point of view on the leasing proposal, we recommend an alternative approach, based on indicators of effective ownership, for income statement recognition.

PwC and Knowledge@Wharton: New revenue rules delayed, but start planning now
A new, comprehensive accounting standard is set to change the way many companies recognize revenue in their financial statements, and that could reverberate through myriad systems and processes in significant ways. Many companies do not yet realize the degree of change the new standard will usher in, nor how it could affect many industries in unexpected ways, according to PwC and Wharton.

The overhaul of lease accounting: Catalyst for change in corporate real estate 
This PwC publication outlines tax considerations, financial, economic and regulatory issues which commercial real estate may face with the proposed new lease accounting model.

10Minutes on lease accounting 
After three years of outreach and deliberation, the IASB and FASB recently issued a revised proposal to overhaul the rules on accounting for leases, a move that could significantly boost US companies' reported debt.

PwC and Knowledge@Wharton: Currency hedging: The risks and benefits aren’t limited to financial issues
Many multinational companies should rethink their exchange rate exposure and investor reactions in light of Increases in cross-border currency activity and rising currency volatility. Some investors prefer a company to retain risk due the the higher return potential, while others prefer lower risk. In this paper, PwC and Wharton suggest ways to achieve a balance between risk and return.

PwC and Knowledge@Wharton: How should global companies communicate currency risk?
While many companies do a good job reporting on currency volatility, swings in currency valuations can make this process difficult. In this paper, PwC and Wharton faculty outline steps global companies can take to effectively communicate currency risk fluctuations.

10Minutes on derivatives reform for non-financial services companies
For non-financial services companies, regulations introduced by the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III will result in significant changes to the derivatives market. Every aspect of a corporation using derivative to manage risk will ultimately be affected—from risk strategies and corporate funding to operations and accounting.

The JOBS Act year one: Influence on the US IPO market
The JOBS Act attempted to ease and reshape regulation around initial public offerings by creating a new classification for going-public companies called "Emerging Growth Companies", but its effect on the US IPO market remains uncertain.

The importance of being financially bilingual: How financial reporting differences can affect cross-border deal value
Numbers may seem to be a universal language but, based on the accounting that underlies them, the stories they tell can convey very different meanings. When doing cross-border deals, it is critical to understand the impact that disparate financial reporting languages can have on deal metrics, deal terms, and adherence to regulatory requirements.

Treasury & Risk March 2013 Special Report: Hedging and Forex

Will Dodd Frank Alter Corporate Hedging?
In this Treasury &Risk special report, PwC provides insights on how regulations introduced by the Dodd Frank Wall Street Reform and Consumer Protection Act and Basel III will affect non-financial services companies and how they will use derivatives in the future.

Lease accounting standards changesWhen and how you should prepare for the proposed lease accounting standards
The FASB and the IASB recently made some significant decisions in connection with their joint project to overhaul the current lease accounting standards. While waiting for a final standard, companies can take certain steps now to begin assessing the implications around data requirements, technology, and processes.

10Minutes on the Eurozone sovereign debt crisis
The Eurozone crisis is unfolding in ways that will have deep, unpredictable and volatile impacts on business for the foreseeable future. The crisis is driving companies to rethink their approach to business, starting with their global footprints and how they set strategies and position operations to compete. The depth and breadth of this impact is challenging many companies to manage through the crisis, but it is also bringing opportunity to those prepared to act.

Dataline: Highlights of the 2012 AICPA National Conference on Current SEC and PCAOB Developments (No. 2012-22)
The 2012 AICPA National Conference on Current SEC and PCAOB Developments (the Conference) was held in December 2012. Conference presenters included representatives from regulatory and standard-setting bodies, auditors, users, preparers, industry experts, and an investor panel. Remarks centered on the status of potential incorporation of IFRS into the U.S. financial reporting, updates on regulatory and financial reporting, capital formation, and the auditing profession's impact on reliability and usefulness of financial statements.

US GAAP Convergence & IFRS: What you need to know about the FASB and IASB's joint projects
This is a compendium of our current convergence publications, designed to provide you with one single, customizable reference resource as you manage the potential impact of the proposed standards on your company.

IFRS and US GAAP: Similarities and Differences
Much more than a simple comparison, this publications provides insight as to the actual impact of key differences between IFRS and US GAAP.

Revenue recognition exposure draftAre you ready for the proposed changes to revenue recognition?
PwC's article summarizes the key provisions of the "Revenue recognition" exposure draft, including specifics for the most-impacted industries and impacts to existing IT infrastructure.

10Minutes on revenue recognition10Minutes on the future of revenue recognition
Revenue, or the “top line,” is a closely monitored measure of an entity's growth and market share. The FASB and IASB are currently in the process of replacing existing revenue guidance with a new global accounting standard for all revenue transactions. How will this change affect your business?