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Business combinations

16 September 2014

Financial Reporting Developments - Business combinations
We have updated our Financial reporting developments publication on business combinations to clarify and enhance our interpretative guidance. Refer to Appendix G of the publication for a detailed list of these updates.

9 July 2014

Financial Reporting Developments - Intangibles - Goodwill and other
We have updated our FRD on goodwill and intangible assets to include guidance on the private company accounting alternative for goodwill and to make other enhancements to our interpretative guidance. Refer to Appendix D of the publication for a detailed list of these updates.

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Compensation matters

30 October 2014

To the Point - Benefit plan sponsors may need to consider new mortality tables in making year-end assumptions
The Society of Actuaries finalized new mortality tables and a new mortality improvement scale that could increase a sponsor’s benefit obligations and contributions. Although sponsors are not required to use the tables or the improvement scale, they may need to consider the new mortality information when developing year-end mortality assumptions. Our To the Point publication tells you what you need to know about the final mortality tables.

9 October 2014

To the Point - FASB launches project to simplify share-based payment accounting
The FASB added a project to its agenda on the accounting for share-based payments for both public and private entities. At the same meeting, the FASB made tentative decisions on the accounting for an employee’s use of shares to satisfy the employer’s minimum statutory income tax withholding obligation, forfeitures, income taxes when awards vest or are settled and the presentation of excess tax benefits on the statement of cash flows. Our To the Point publication tells you what you need to know about these developments.

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Consolidation

18 September 2014

Financial Reporting Developments - Equity method investments
We have updated our Financial Reporting Developments publication on equity method investments to reflect the issuance of Accounting Standards Update (ASU) No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects, as well as ASU No. 2014-02, Accounting for Goodwill, a consensus of the Private Company Council. See Appendix F for more detail on other updates to this publication.

15 September 2014

Financial Reporting Developments - Consolidation and the Variable Interest Model: Determination of a controlling financial interest
We have updated our Financial reporting developments publication, Consolidation and the Variable Interest Model, for recent standard-setting activities and provided further clarifications and enhancements to our interpretative guidance. Refer to Appendix I of the publication for a list of these updates.

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Fair value measurements

20 May 2014

Financial Reporting Developments - Fair value measurement
We have updated our Financial reporting developments publication on fair value measurement to provide clarifications and enhancements to our interpretative guidance. The updates include new interpretive guidance regarding centrally cleared derivatives, clarified fair value considerations for the oil and gas industry, and a summary of SEC staff comments in the area of fair value measurements. Refer to Appendix F of the publication for a detailed listing of these updates.

10 July 2013

To the Point - Fair value disclosure relief for nonpublic employee benefit plans
The FASB has indefinitely deferred the requirement for certain employee benefit plans to disclosure quantitative information about the unobservable inputs used to value equity investments in their nonpublic plan sponsor and the sponsor's nonpublic affiliates. The deferral is effective immediately for financial statements that have not yet been issued. Our To the Point publication tells you what you need to know about the new guidance.

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Financial instruments

4 September 2014

NAIC Bulletin - Summer 2014 edition
Our NAIC Bulletin contains the highlights of the Summer 2014 meeting of the National Association of Insurance Commissioners.

19 June 2014

Technical Line - FASB changes accounting for certain repurchase agreements and requires new disclosures
The FASB issued final guidance that requires repurchase-to-maturity transactions to be accounted for as secured borrowings and eliminates existing guidance for repurchase financings. The guidance also requires new disclosures for certain transactions accounted for as secured borrowings and for transfers accounted for as sales when the transferor also retains substantially all of the exposure to the economic return on the transferred financial assets. Our Technical Line analyzes the new guidance and highlights key changes from current practice.

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Income taxes

8 October 2014

Quarterly tax developments - September 2014
Our September 2014 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties, and other items through 30 September 2014 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

18 September 2014

Financial Reporting Developments - Accounting for income taxes
We have updated our Financial reporting developments publication on income taxes to enhance our interpretative guidance. See Appendix D for details on these updates.

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IFRS matters

19 December 2013

US GAAP/IFRS accounting differences identifier tool
We have updated our US GAAP/ IFRS accounting differences identifier tool, which was developed to help entities that are converting from US GAAP to IFRS or that are evaluating the effects of IFRS adoption. This release generally reflects guidance effective in 2013 and guidance finalized by the FASB and the IASB before 31 May 2013, including IFRS 10, Consolidated Financial Statements, and IFRS 11, Joint Arrangements. It also contains a discussion of current standard-setting activities at the FASB and the IASB.

6 November 2013

US GAAP versus IFRS: The basics
We have updated our US GAAP versus IFRS: The basics publication, which describes similarities and differences between US GAAP and IFRS. The updated edition generally reflects guidance effective in 2013 and guidance finalized by the FASB and the IASB before 31 May 2013, including IFRS 10, Consolidated Financial Statements, and IFRS 11, Joint Arrangements.

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Industry issues

29 October 2014

Technical Line - IRU arrangements: A purchaser’s guide to identifying and classifying leases
Accounting for indefeasible rights of use (IRU) can be complicated because entities must first determine whether the IRU is a lease, and if so, how it should be classified. Our Technical Line publication is intended to help purchasers or lessees in IRU agreements determine how to account for such agreements appropriately.

22 October 2014

Technical Line - A closer look at the new revenue recognition standard - retail and consumer products
The new revenue recognition standard issued by the FASB and the IASB creates a comprehensive source of revenue guidance for all entities in all industries. Our Technical Line considers certain implications for the retail and consumer products industry and expands on our Technical Line, The new revenue recognition standard - retail and consumer products. It also supplements our Technical Line, A closer look at the new revenue recognition standard, and should be read in conjunction with it.

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Leases

29 October 2014

Technical Line - IRU arrangements: A purchaser’s guide to identifying and classifying leases
Accounting for indefeasible rights of use (IRU) can be complicated because entities must first determine whether the IRU is a lease, and if so, how it should be classified. Our Technical Line publication is intended to help purchasers or lessees in IRU agreements determine how to account for such agreements appropriately.

24 October 2014

To the Point - Boards reaffirm the definition of a lease but continue to work on its application
The FASB and the IASB reaffirmed their proposed definition of a lease and made some changes to how that definition would be applied. The Boards will consider an additional clarification at a future meeting. Our To the Point publication tells you what you need to know about the latest decisions in the Boards’ redeliberations on their leases project.

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Private companies

9 October 2014

To the Point - FASB launches project to simplify share-based payment accounting
The FASB added a project to its agenda on the accounting for share-based payments for both public and private entities. At the same meeting, the FASB made tentative decisions on the accounting for an employee’s use of shares to satisfy the employer’s minimum statutory income tax withholding obligation, forfeitures, income taxes when awards vest or are settled and the presentation of excess tax benefits on the statement of cash flows. Our To the Point publication tells you what you need to know about these developments.

18 September 2014

To the Point - PCC wraps up intangible assets and discusses share-based payments
The PCC voted to finalize an alternative that would allow private companies to simplify their accounting for intangible assets acquired in a business combination and sent it to the FASB for endorsement. The PCC decided to provide input for a project the FASB plans to launch on both private and public company accounting for share-based payments. Our To the Point publication tells you what you need to know about the PCC meeting this week.

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Revenue recognition

22 October 2014

Technical Line - A closer look at the new revenue recognition standard - retail and consumer products
The new revenue recognition standard issued by the FASB and the IASB creates a comprehensive source of revenue guidance for all entities in all industries. Our Technical Line considers certain implications for the retail and consumer products industry and expands on our Technical Line, The new revenue recognition standard - retail and consumer products. It also supplements our Technical Line, A closer look at the new revenue recognition standard, and should be read in conjunction with it.

17 September 2014

Technical Line - The new revenue recognition standard - engineering and construction
Our Technical Line considers key implications of the revenue recognition standard for engineering and construction entities. This publication supplements our Technical Line, A closer look at the new revenue recognition standard, and should be read in conjunction with it.

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SEC/Other regulators

22 October 2014

To the Point - Spotlight on transactions with related parties, significant unusual transactions and executives
The SEC approved a new PCAOB standard on auditing transactions involving related parties and amendments to existing standards on auditing significant unusual transactions and relationships and transactions with a company’s executives. Our To the Point publication tells you what you need to know about the standards.

21 October 2014

Disclosure effectiveness: What companies can do now
Making business and financial disclosures more effective has become a focus of regulators and standard setters around the world. Our publication, Disclosure effectiveness: What companies can do now , explores how companies can implement the SEC staff’s recommendations for reducing repetition, focusing on material information and eliminating outdated information. The publication includes illustrations, leading practices and practical steps to make companies’ year-end disclosures more meaningful.

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Periodic updates

9 October 2014

SEC in Focus - October 2014
Our SEC in Focus provides an update on activities and events relating to SEC matters that occurred during the third quarter of 2014.

8 October 2014

Quarterly tax developments - September 2014
Our September 2014 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties, and other items through 30 September 2014 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

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More topics

22 October 2014

Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations
We have updated our FRD on bankruptcy, liquidation and quasi-reorganizations to include interpretative guidance on issues faced by entities during and upon emergence from Chapter 11 bankruptcy. Refer to Appendix B of the publication for a detailed listing of these updates.

21 October 2014

Disclosure effectiveness: What companies can do now
Making business and financial disclosures more effective has become a focus of regulators and standard setters around the world. Our publication, Disclosure effectiveness: What companies can do now , explores how companies can implement the SEC staff’s recommendations for reducing repetition, focusing on material information and eliminating outdated information. The publication includes illustrations, leading practices and practical steps to make companies’ year-end disclosures more meaningful.

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