PwC's accounting weekly news: July 2, 2020

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We’re coming to you early this week knowing that many will be enjoying a long weekend. Upon your return, we know thoughts will turn to the June close, so we have a variety of go-to resources to help you. We wish you a very happy and safe Fourth of July.

Timely updates to help you close your Q2 books

With the world in a state of constant change, companies need to maintain their focus as the second quarter of 2020 comes to a close. PwC partners Heather Horn and Cody Smith highlight what companies should think about for their June 30 reporting.

Helpful resources for second quarter 

The second quarter may be the first time you need to account and report on some of the impacts of the pandemic. See the following resources for our guidance related to COVID-19 and the CARES Act and some of our most popular thought leadership for quarter end.

Find more resources in our COVID-19 Accounting and reporting resource center, including podcasts on valuations, impairment, and leasing.

Thinking about finance transformation? 

Recent events may have you focused on transforming your finance function. If so, we’ve got two new resources for you. 

In the latest episode of our “What’s next?” podcast series, we discuss practical considerations for transformation, including digitally upskilling the finance function and simplifying and standardizing finance processes.

And if part of the transformation includes new systems, watch our video to learn about the nuances in determining whether an arrangement contains a software license or a service and the accounting differences that result.

What today's market conditions mean for your Q2 valuations

How will continued economic uncertainty impact valuation? Listen to PwC’s insights on valuation challenges as you prepare for the June 30 quarter close.

Updated: Income taxes guide

PwC’s Income taxes guide brings US GAAP guidance into one publication, and has been updated to reflect ASU 2019-12, Simplifying the Accounting for Income Taxes.

Embedded leases guidance

Tap into our top five insights, key indicators, and lessons learned about the most challenging aspect of the FASB’s leases guidance.

PwC’s 2020 Digital Trust Insights Pulse Survey

Results from PwC’s Cyber & Privacy Innovation Institute’s survey of cybersecurity and information technology leaders reveals how they have helped their organizations during the COVID-19 crisis and their plan to change their cybersecurity strategy moving forward.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US