PwC's accounting weekly news: August 21, 2020

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The FASB recently issued guidance that simplifies the accounting for certain financial instruments with characteristics of liabilities and equity. We’ve written an In depth to tell you what you need to know, especially if you’re thinking of early adopting January 1.

Also see our podcast on reimagining the supply chain - don’t overlook how your finance team can help.

Accounting for convertible instruments and own entity contracts

Have you considered early adopting ASU 2020-06? PwC summarizes the FASB’s new guidance intended to simplify accounting for certain financial instruments with characteristics of liabilities and equity.

Form 8-K: The filing requirements, deadlines, and more

Form 8-K is a broad SEC form used to share specified events with shareholders. But it’s not always clear when it’s required. Host Heather Horn is joined by Wayne Carnall, former Chief Accountant of the Division of Corporation Finance at the SEC, to discuss the requirements for this type of filing.

Carve-out financial statements guide

PwC’s new accounting and financial reporting guide, Carve-out financial statements, addresses the requirements, methodologies, and practical considerations when preparing carve-out financial statements. Examples in each chapter provide illustrations to help address common questions associated with these topics. Our guide also provides insights on the related presentation and disclosure matters.

What’s next? How finance can help reimagine the supply chain

This week, host Heather Horn sits down with Kevin Keegan, a Partner in PwC’s strategy consulting business, to discuss supply chain risk and recovery planning for 2021

Derivatives and hedging guide

We’ve updated portions of our Derivatives and hedging guide to include discussion of SOFR embedded derivative considerations.

Using a SPAC merger to go public

Learn why special purpose acquisition companies (SPACs) have become a preferred way to take companies public.

Register: Financial forecasting, working capital, and treasury management webcast – 8/27

PwC joins Alteryx to discuss leading practices on driving automation efforts in FP&A and treasury functions. This webcast is eligible for 1.0 CPE credit. Register here.

Here’s what we’re following

FASB proposes new stock comp guidance for private companies 

On August 17, the FASB issued a Private Company Council exposure draft that would allow private companies to use an alternative valuation method to determine the current price of shares underlying a stock option award on its grant date or modification date. Comments on the proposal are due by October 1, 2020.

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