This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.
The Q1 2015 edition includes insight into the business and accounting impacts of declining oil and gas prices, the accounting implications of the Affordable Care Act, FASB, IASB and TRG developments related to implementing the new revenue standard, updates on FASB’s simplification proposals for stock-based compensation and income taxes, audit committees’ role in overseeing accounting principle changes, and integrating the evolving governance environment into the boardroom agenda.
The Directors edition is a shortened version of The Quarter Close – a publication designed for CFOs and Controllers.
The Q4 2014 edition includes information about the tie between the new revenue standard and compensation plans – both cash- and stock-based; concern about modifying debt that could constitute embedded derivatives, Upcoming standard for private companies that could reduce the cost and complexity of accounting for business combinations, An interview with Troy Paredes, former SEC commissioner and PwC principal, about the SEC’s focus on financial reporting, its efforts regarding the disclosure regime, and the possibility of a decision on using IFRS in the US; and insights from directors and investors on key governance trends.The Quarter close: Directors edition Q3 2014
The Q3 2014 edition focuses on the new revenue recognition standard, spin-offs, recognizing revenue for sales of virtual goods, sale-leaseback transactions, the new FASB rule requiring going concern assessment, and corporate governance – Audit Committee Excellence Series and tips for maintaining an effective whistleblower program.The Quarter close: Directors edition Q2 2014
The Q2 2014 edition focuses on five IPO reminders for boards, FASB's new guidance on discontinued operations, and the Venezuelan exchange rates. Also, there is a section on corporate governance that describes two new publications: the Family Business Corporate Governance Series and the Audit Committee Excellence Series.The Quarter close: Directors edition Q1 2014
The Q1 2014 edition focuses on new standards for private companies being adopted, assessing whether profit-sharing arrangements are accounted for as equity or a bonus, two class method of calculating earnings per share, accounting for new transaction types using old methods – gross versus net revenue analysis, allocating income taxes to separate company and carve-out financials, new FASB developments relating to financial instruments, consolidations, and insurance projects, regulatory matters, and corporate governance – cybersecurity.
The Q4 2013 edition focuses on the upcoming revenue recognition standard, structured payables programs, implications of government tax incentives, retiree health plans, implications of stock repurchases, the PCAOB's revised proposal on disclosing information about the auditors, corporate governance issues and SEC rule making.
The Q3 2013 edition focuses on developments with the Private Company Council, such accounting hot topics as statement of cash flows, accounting for common control transactions and contingencies, the FASB proposal on accounting for insurance contracts, the SEC’s whistleblower rule, and the latest PCAOB developments such as the proposed changes to the auditor’s report and mandatory audit firm rotation.
The Q2 2013 edition focuses on leadership changes at the SEC and FASB, the FASB’s latest proposals on the revised leases model, accounting hot topics including balance sheet offsetting disclosures, “gross versus net”, tax court cases and stock compensation pitfalls; an update of the COSO internal control integrated framework, a discussion of the SEC’s conflict minerals rule, PCAOB developments, the FASB’s latest proposals on financial instruments and corporate governance matters including an introduction to ProxyPulse.
The Q1 2013 edition focuses on leadership changes at the SEC and FASB, key decisions on the revenue recognition project, the FASB’s latest proposals on financial instruments, latest FASB releases and updates on key standard-setting projects, recent SEC, PCAOB, and IFRS developments, and corporate governance matters, including a preview of the 2013 proxy season.