What's new on PwC's CFOdirect: week of July 18, 2019

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PwC's weekly update on accounting and reporting developments, business news, and highlights from regulators and standard setters.

PwC's accounting and reporting insights

Segment reporting: Back to the basics with 5 things you need to know

Segment reporting is important for more than just disclosures. Find out why on this podcast. 

Listen in now

FASB may delay CECL, insurance, leases, and hedging standards

The FASB has voted to propose a delay in the effective dates for certain companies for the credit losses, insurance, leases, and hedging standards.

Learn more

On-demand: Q2 2019 Current Accounting and Reporting Developments webcast

Did you miss our quarterly webcast in June? If so, you still have an opportunity to view the webcast and earn CPE credit through our on-demand version.

Lessors: The impact of operating lease receivable collectibility

Lessors can apply a general reserve to operating lease receivables that are probable of collection. Let us describe your options.

Impacts of segment disclosures in deals and beyond

Six critical areas of business operations that require alignment with segment reporting following a business transformation.

Insurance: FASB votes to propose deferral of long duration standard

FASB voted to propose deferral of the effective date of targeted improvements to accounting for long-duration contract standard.

Governance insights: July 17

2019 director appointments increase US board diversity. Read all the latest governance news here.

More from PwC's industries and services

Financial markets Q2 2019 outlook

Read our Q2 analysis or market trends for commercial mortgages, consumer lending, debt and equity securities, real estate, residential mortgages, and student loans.

Unlocking your workforce as a Utility Platform Player

Our power and utilities survey finds leaders are working to adopt digital capabilities and new ways of working.

Highlights from regulators and standard setters

  • FASB staff issues Q&A on CECL
  • July 17 FASB meeting (tentative decisions): (1) reference rate reform: facilitation of the effects of the interbank offered rate transition on financial reporting, (2) effective date consideration for private companies, NFP organizations, and small public companies, (3) leases implementation, and (4) NFP revenue implementation
  • July 23 Joint FASB/IASB board meeting (agenda): (1) segment reporting, (2) primary financial statements/financial performance reporting, (3) financial instruments with characteristics of equity/distinguishing liabilities from equity, (4) IBOR reform/reference rate reform, (5) goodwill and impairment/identifiable intangible assets and subsequent accounting for goodwill, (6) disclosure initiative/disclosure framework, and (7) implementation of the revenue and leases standards

Contact us

Heather Horn

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

David Schmid

International Accounting Leader, National Professional Services Group, PwC US