PwC's accounting weekly news: September 11, 2020

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If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.

– Sandy Dahl, wife of Jason Dahl, pilot of Flight 93

This quote is appropriate for many of this year’s events, but today we mark the 19th anniversary of September 11, 2001. While providing our usual compilation of podcasts, guides, and technical publications, we want to take a moment to remember a day many will never forget.

Demystifying carve-out financial statements

The economic impact of the pandemic may result in companies looking to shed their non-core assets, which may lead to an increase in transactions requiring carve-out financial statements. In this episode, PwC specialists discuss the judgments involved in preparing carve-out financial statements.  

For more information and examples on preparing carve-out financial statements, download our new Carve-out financial statements guide.

What’s next? Future of work and how to get there

This week, host Heather Horn sits down with Bhushan Sethi, the joint global leader of PwC’s People & Organization practice. They talk about the future of work—workforce strategy, talent planning, diversity and inclusion, and measuring performance using a balanced scorecard.

Reminder: PwC’s Q3 2020 quarterly accounting webcast - 9/16, 9/22, and 9/29

Remember to sign up for our quarterly accounting webcast. We’ll cover topics of interest to finance professionals in the current environment, including how to transform the finance function. Since the content for each of our three sessions will be the same, participants are only eligible to receive CPE for attending one session. If you haven’t yet registered, sign up for the session that works best for you

PwC’s Pulse on Election 2020 webcast - 9/16

Join our webcast on September 16 at noon ET as members of PwC’s leadership team discuss PwC’s Pulse survey results regarding what’s on the minds of senior executives heading into the 2020 election and how businesses can prepare for the potential impacts. Register today.


Here’s what we’re following

FASB hosting public roundtable meetings on accounting for leases 

The FASB will host a public roundtable at 8:30am and 1:00pm ET on September 18 on its accounting standard on leases. Participants will include financial statement users, preparers, auditors, and certain industry representatives. The discussions will focus on topics that companies found challenging in implementing the leases standard (ASC 842), including: (1) rate implicit in the lease; (2) incremental borrowing rate; (3) embedded leases; (4) lease modification accounting; and (5) lessee allocation of fixed and variable payments. These roundtable meetings will be live streamed on the FASB website at www.FASB.org.

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

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