AccountingLink

Technical Line

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.

15 September 2014

Technical Line - GAO updates internal control standards for the federal government
The Government Accountability Office updated its internal control standards for the federal government (Green Book) to align them with the 2013 version of the internal control framework many companies use to assess internal control over financial reporting. Our Technical Line publication tells you what you need to know about the updated standards.

4 September 2014

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

28 August 2014

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

28 August 2014

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

28 August 2014

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

28 August 2014

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

28 August 2014

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

27 August 2014

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

27 August 2014

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

27 August 2014

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

27 August 2014

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

27 August 2014

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

26 August 2014

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

26 August 2014

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

26 August 2014

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

26 August 2014

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

25 August 2014

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

25 August 2014

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

14 August 2014

Technical Line - GASB proposes changes in accounting for other postemployment benefits
The GASB has proposed changing how state and local governments calculate and report the costs and obligations associated with defined benefit other postemployment benefit (OPEB) plans. Government employers would have to record an OPEB liability in their accrual-basis financial statements for defined benefit plans in a manner more similar to private sector entities. The proposal would make a government’s obligations more transparent, and many governments would likely report a much larger OPEB liability than they do today. Our Technical Line publication analyzes the proposed guidance and highlights key changes from current practice.

14 August 2014

Technical Line - The new revenue recognition standard - asset management
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 key implications of the revenue recognition standard for asset managers. It also provides an overview of the revenue recognition model and highlights considerations in applying the model for the industry. This publication supplements our Technical Line, A closer look at the new revenue recognition standard, and should be read in conjunction with it.

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.

19 June 2014

Technical Line - Using the 2014 XBRL US GAAP Taxonomy
The SEC approved the use of the 2014 XBRL US GAAP, which adds tags for accounting standards updates, eliminates industry views and makes other changes. The 2012 version of the taxonomy is now unavailable for use, and companies that have been using it will need to use a newer version in their next periodic reports. Companies that use the 2013 taxonomy may continue to do so, but the SEC staff strongly encourages adoption of the latest version. Our Technical Line summarizes leading practices for selecting the most appropriate XBRL tags to help companies make the transition to the 2014 taxonomy.

16 June 2014

Technical Line - A closer look at the new revenue recognition standard
The new revenue recognition standard issued by the FASB and the IASB creates a comprehensive source of revenue guidance for all companies in all industries. Because it is more principles-based than the US GAAP guidance it will supersede, many entities will have to exercise more judgment. Our Technical Line analyzes the new guidance and highlights key changes from current practice.

16 June 2014

Technical Line - New revenue standard affects more than just revenue
Our Technical Line focuses on significant changes the FASB made to other parts of US GAAP through the consequential amendments. Affected items include the sale of certain nonfinancial assets (e.g., real estate) and advertising costs.

1 May 2014

Technical Line - How discontinued operations are changing
The FASB’s new guidance changes the criteria for disposals to qualify as discontinued operations and requires new disclosures about disposals of both discontinued operations and certain other disposals that do not meet the new definition. Our Technical Line analyzes the changes in reporting discontinued operations and provides examples.

10 April 2014

Technical Line - PCAOB considers how to enhance the auditor’s report
The PCAOB held a public meeting last week at which auditors, investors, preparers and academics provided additional input on its proposal to enhance the auditor’s reporting model. Panelists generally supported the objective of making the auditor’s report more meaningful to users by requiring more than today’s pass/fail opinion, but their views on how to get there varied. The opinions expressed were generally consistent with the 240 comment letters the PCAOB received on its proposals through early April. Our Technical Line summarizes the public meeting and the comment letters.

10 April 2014

Technical Line - Private companies in common control leasing arrangements may be eligible for relief from VIE model
Our Technical Line discusses new guidance from the FASB that provides an exemption for private companies from evaluating lessors in common control leasing arrangements for consolidation under the variable interest entities (VIE) guidance, if they meet certain criteria. Private companies that elect the alternative still need to apply other consolidation guidance and other US GAAP (e.g., lease accounting) to these arrangements and make certain disclosures.

27 March 2014

Technical Line - Venezuela - reconsidering exchange rates used for remeasurement
Companies with operations in Venezuela should reconsider the exchange rate they use to remeasure their monetary assets and liabilities and related revenues and expenses denominated in bolivars due to recent changes in the Venezuelan foreign currency exchange market. With big differences in rates now available on various legal exchange mechanisms, companies need to consider their specific transactions and their ability to transact through each mechanism to determine the appropriate rate or rates to use. Our Technical Line publication discusses factors to consider when making this determination and addresses related financial reporting considerations and disclosures.

6 March 2014

Technical Line - A closer look at the new definition of a public business entity
The FASB has issued a broad new definition of a public business entity that it is using to consider whether an entity can use accounting alternatives developed by the Private Company Council and other private company relief the FASB provides in new standards. Certain non-issuers and other entities that are considered nonpublic under other definitions that exist in US GAAP now qualify as public business entities. Our Technical Line tells you what you need to know about the new definition.

30 January 2014

Technical Line - Certain private companies can now use simplified hedge accounting
Our Technical Line discusses new guidance from the FASB that makes it easier for certain private companies to qualify for hedge accounting for certain interest rate swaps. Eligible companies can assume that a hedging relationship is perfectly effective if certain conditions are met and can measure those swaps at settlement value rather than at fair value. They also have more time to complete formal hedge documentation.

9 January 2014

Technical Line - ‘Tax extenders’ have expired — once again
Congress has once again allowed several tax provisions known as "tax extenders" to expire on 31 December 2013. They include the research and development tax credit, the active financing exception for financial services businesses, a host of renewable energy incentives and bonus depreciation. While these provisions may be reinstated as they have been in the past, tax legislation faces significant challenges in the current environment. It is important to remember that a reinstatement can be accounted for only in the period enactment. Our Technical Line tells you what you need to know.

9 January 2014

Technical Line - Federal grant policies for recipients are streamlined and changed
The US Office of Management and Budget has streamlined and consolidated its grant guidance for recipients and made other changes to make federal programs more efficient and effective. The final guidance will allow new grantees to use a minimum flat indirect cost rate and provide opportunities for certain grantees to simplify the reporting needed to validate personnel costs. It also may lead to more robust subrecipient monitoring and increase the focus on internal controls over compliance with federal program rules. The guidance also modifies the major program determination process and raises the audit threshold and the minimum Type A/B program threshold to $750,000. Our Technical Line publication tells you what you need to know about the changes.

26 November 2013

Technical Line - Considerations for determining whether to elect PCC accounting alternatives
The FASB endorsed the first two accounting alternatives it will provide for private companies under US GAAP. Private companies will likely be able to use them for year-end reporting for 2013. This Technical Line tells you what to consider in determining whether and when to elect these alternatives and others developed by the PCC.

7 November 2013

Technical Line - How to apply S-X Rule 3-14 and the latest SEC staff guidance to real estate acquisitions
The SEC staff in the Division of Corporation Finance recently revised its guidance on the S-X Rule 3-14 reporting requirements for acquisitions of real estate operations. This publication updates our 4 September 2013 Technical Line to reflect clarifications from the SEC staff related to the evaluation of whether Rule 3-14 or Rule 3-05 applies to the acquisition of a legal entity that holds real estate and has non-leasing operations, the evaluation of individually insignificant acquisitions after the end of the distribution period and the financial information the staff will accept for a significant acquisition of a property subject to a triple net lease.

7 November 2013

Technical Line - Implementing the JOBS Act – Updated
The Jumpstart Our Business Startups Act (JOBS Act) gives private companies greater access to capital and makes it easier for certain companies to go public. This publication updates our 8 November 2012 Technical Line. It discusses recent actions the SEC has taken to fulfill its mandate under the JOBS Act, as well as clarifications the SEC staff has made to its responses to frequently asked questions.

10 October 2013

Technical Line - How investment companies would apply the new guidance on liquidation basis accounting
The FASB's guidance requiring entities to begin preparing financial statements on a liquidation basis when liquidation is imminent applies to all investment companies, except those regulated under the Investment Company Act of 1940 or those following a liquidation plan established at inception. Once an investment company determines that applying the liquidation basis is appropriate, financial statement presentation and disclosures would change and the recognition and measurement of accounts may change. Our Technical Line describes what investment companies need to know about when and how to apply the liquidation basis of accounting.

5 September 2013

Technical Line - A closer look at the new lease accounting proposal - telecommunications
The FASB and the IASB have issued exposure drafts that would require lessees to recognize assets and liabilities arising from their involvement in most leases. The proposal would significantly change the accounting for leases and could have far-reaching implications for telecom companies' finances and operations. This Technical Line discusses the effect of the proposal on telecommunication companies and supplements our general Technical Lines, A closer look at the new lease accounting proposal (pdf, 865.4kb) and How the lease accounting proposal might affect your company (pdf, 1.6mb).

22 August 2013

Technical Line - Insurance contracts proposal would overhaul accounting and disclosures for insurers and others
The FASB has issued an exposure draft on a principles-based model for accounting for insurance contracts. The proposal would apply to any entity that issues a contract that meets the definition of an insurance contract and would result in the measurement of many contract liabilities based on current assumptions, adjusted to reflect the time value of money. Comments are due by 25 October 2013. Our Technical Line publication tells you what you need to know about the proposed changes.

22 August 2013

Technical Line - Movin’ on up to accelerated filer status: You’ll need an audit of ICFR for this year
With the increase in equity values in 2013, many non-accelerated filers will be required to transition to accelerated filer status in their upcoming Form 10-K. In addition to preparing for the transition to larger company reporting timelines and disclosures, these registrants must obtain auditor attestation as to the effectiveness of their internal control over financial reporting (ICFR) under Section 404(b) of the Sarbanes-Oxley Act. Our Technical Line publication focuses on the transition from a filer status that allowed a Section 404(b) exemption and the timing of compliance with Section 404(b).

25 July 2013

Technical Line - How the lease accounting proposal might affect your company
The FASB and the IASB have issued exposure drafts that would require lessees to recognize assets and liabilities arising from their involvement in most leases. This Technical Line publication builds on our earlier Technical Line (pdf, 865.4kb) , A closer look at the lease accounting proposal, and provides more detail and additional examples of how companies might be affected. Entities would still classify leases, but they would use different criteria and for a different purpose. Lease classification would be based primarily on the nature of the asset being leased and it would determine how entities recognize lease-related revenue and expense. Comments are due by 13 September 2013.

11 July 2013

Technical Line - Reminders about 'cheap stock' as AICPA issues new Guide
The AICPA recently issued a new Guide that updates a 2004 Practice Aid on valuing private company equity securities issued as compensation. Our Technical Line publication discusses the changes and reminders about key considerations related to valuing private company equity securities when a company is planning an initial public offering.

23 May 2013

Technical Line - A closer look at the new lease accounting proposal
The FASB and the IASB have issued new exposure drafts that would require lessees to recognize assets and liabilities arising from their involvement in most leases. Entities would still classify leases, but they would use different criteria for a different purpose. Lease classification would determine how entities recognize lease-related revenue and expense, as well as what lessors record on the balance sheet. Comments are due by 13 September 2013. Our Technical Line publication tells you what you need to know about the proposed changes.

15 May 2013

Technical Line - Accounting for deals with puts, calls or forward contracts can be complex
Although the overall volume of merger and acquisitions activity has decreased slightly in recent years, we are seeing an increase in the complexity of deal structures, particularly those using call or put options or forward contracts (collectively referred to as equity contracts) that allow the buyer and seller to share the economic risks of an acquired business for a period of time. This Technical Line - the second in a series - addresses the accounting for equity contracts issued in a business combination. In December 2012, we issued a companion publication (pdf, 470.4kb) , which addressed the accounting and valuation considerations for contingent consideration issued in a business combination.

25 April 2013

Technical Line - Using the 2013 XBRL US GAAP taxonomy
The 2013 version of the XBRL US GAAP taxonomy includes new tags to reflect accounting standards updates, changes to address common reporting practices and other updates. The SEC is expected to approve the 2013 taxonomy for use by 20 May 2013, when the staff plans to make the 2011 taxonomy unavailable for use. The SEC staff strongly encourages companies to adopt the latest version. Our Technical Line is designed to help companies make the transition.

22 April 2013

Technical Line - Changes proposed to federal grant policies
The US Office of Management and Budget has proposed streamlining its grant guidance and making other changes aimed at increasing the effectiveness and efficiency of federal programs. The proposal would allow new grantees to use a minimum flat indirect cost rate for a few years and provide opportunities for certain grantees to simplify the reporting needed to support salary charges. It also may lead to more robust subrecipient monitoring. Other proposed changes include streamlining the compliance requirements tested in the Circular A-133 audit, changes to the major program determination process and raising the audit threshold to $750,000. Our Technical Line publication tells you what you need to know about the proposed changes.

18 April 2013

Technical Line - FASB proposes new US benchmark interest rate for hedge accounting
Overnight Index Swap (OIS) rates are increasingly being used to value collateralized derivatives, instead of the London Interbank Offered Rate. As a result, the FASB has proposed allowing entities to designate the Federal Funds Effective Swap Rate (which is the OIS rate in the US) as a benchmark interest rate for hedge accounting purposes. Our Technical Line discusses the FASB proposal, the changes in the market that are driving it and the implications for companies that are considering using OIS discount curves to measure the fair value of their collateralized derivatives.

16 April 2013

Technical Line - How to report AOCI in interim periods
ASU 2013-02 amended interim and annual reporting requirements about accumulated other comprehensive income (AOCI) for public and nonpublic companies. In interim periods, public companies are required to report information about reclassifications out of AOCI and changes in AOCI balances. Nonpublic companies are required to report only changes in AOCI balances. This Technical Line addresses implementation of the ASU for interim reporting. The ASU is effective for the first quarter of 2013 for calendar-year public companies.

21 March 2013

Technical Line - Final revenue standard is taking shape
The FASB and the IASB have substantially completed their redeliberations on a comprehensive new revenue recognition standard, which will be effective for annual periods beginning on or after 15 December 2016 for public entities with a one-year deferral for nonpublic entities. This publication summarizes the Boards’ decisions to date and discusses the remaining topics the Boards must address.

6 March 2013

Technical Line - FASB’s new classification and measurement model - a closer look
The FASB has proposed a sweeping new classification and measurement model for financial instruments that would apply to all entities across industries, not just those in financial services. Comments are due by 15 May 2013. Our Technical Line tells you what you need to know about the proposal.

27 February 2013

Technical Line - What the new AOCI disclosures will look like
The FASB has issued new guidance requiring companies to report, in one place, information about reclassifications out of accumulated other comprehensive income (AOCI). Public companies must make the disclosures in fiscal years and interim periods within those years beginning after 15 December 2012. For calendar-year public companies, that means the first quarter of 2013. Our Technical Line describes the requirements and provides examples of what the disclosures might look like.

21 January 2013

Technical Line - FASB's credit loss proposal - a closer look
The FASB recently proposed a single, principles-based model to account for credit losses on certain financial assets. Every entity across industries would be affected by the proposal, which would change the accounting for credit losses on loans, debt securities and trade, lease and other receivables. Our Technical Line is designed to help companies better understand and interpret the proposal as they assess its effects and includes considerations for specific debt instruments affected by the proposal.

3 January 2013

Technical Line - 2013 tax deal extends the ‘extenders’
The tax bill that President Obama signed on 2 January 2013 retroactively reinstates expired tax provisions known as tax extenders. The income tax accounting effect, including any retroactive effect, of a tax law change is accounted for in the period of enactment, which in this case is the first quarter of 2013 for a calendar year-end entity. Our Technical Line tells you what you need to know about this issue.

20 December 2012

Technical Line - Complex deal structures can affect future earnings and other metrics
We are seeing an increase in the complexity of deal structures, particularly those using contingent consideration or call or put options or forward contracts that allow the buyer and seller to share the economic risks of an acquired business for a period of time. This Technical Line – the first in a two-part series – addresses the accounting and valuation considerations for contingent consideration issued in a business combination. A companion publication that we will issue soon will address the accounting for equity contracts entered into between a buyer and a noncontrolling interest holder when the buyer acquires a controlling interest in an acquiree.

19 December 2012

Technical Line - Accounting for income from the sale of patents
Many technology companies seek to monetize their intangible intellectual property assets by selling a patent or a portfolio of patents. Because these arrangements can be complex, determining when and how to account for the proceeds can require significant judgment. Our Technical Line publication highlights various factors that should be considered when accounting for the sale of patents.

21 November 2012

Technical Line - Implementing the medical device excise tax
An excise tax of 2.3% on the sale, lease, rental or use of certain medical devices was mandated by the 2010 health care reform legislation and goes into effect 1 January 2013. The tax applies to manufacturers, producers and importers of taxable medical devices. In some situations, a health care organization such as a hospital or other provider may also be liable for the tax. This Technical Line addresses who is affected by the tax and how it should be calculated. The Technical Line also addresses accounting considerations under US GAAP and IFRS.

2 November 2012

Technical Line - Accounting for the effects of natural disasters - Hurricane Sandy
In the aftermath of Hurricane Sandy, we received inquiries regarding the related financial reporting effects. Our Technical Line provides a reminder of existing accounting guidance that should be considered when accounting for the effects of natural disasters.

18 October 2012

Technical Line - How to qualitatively assess indefinite-lived intangibles for impairment
Accounting Standard Update (ASU) 2012-02, Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-lived Intangible Assets for Impairment, introduced an optional qualitative assessment for testing indefinite-lived intangible assets for impairment that may allow companies to avoid the annual calculation of the assets’ fair value. This Technical Line provides a framework for companies to consider when determining whether and how to apply the guidance and an example of a hypothetical company’s qualitative assessment.

13 September 2012

Technical Line - Auditor communications with audit committees
The PCAOB issued a new standard that will change auditor communications with audit committees. The PCAOB also issued a release for audit committees about the inspection process. Our Technical Line publication tells you what you need to know about the standard and the release.

6 September 2012

Technical Line - Leases project on the brink of re-exposure
The FASB and the IASB have made significant changes to their 2010 exposure draft and expect to issue a revised proposal in the fourth quarter. Our Technical Line publication summarizes the Boards’ tentative decisions to revise their leases proposal and highlights some key differences between the revised proposal and current accounting.

23 August 2012

Technical Line - Most governments will soon record costs of their pension plans earlier
The GASB issued a new standard that will significantly change how government employers account for the cost of defined benefit pension plans. Our Technical Line publication tells you what you need to know about the standard.

23 August 2012

Technical Line - New principles and criteria for assessing the quality of XBRL files
The AICPA issued Principles and Criteria for XBRL-Formatted Information, which can help companies improve the quality of the financial information they format in computer-readable XBRL and submit to the SEC and other regulators. The document is especially useful now that the SEC staff has indicated it will begin issuing comment letters on XBRL exhibits shortly. Our Technical Line publication summarizes what you need to know about the AICPA document.

7 August 2012

Technical Line - Lessons learned from our review of restatements
Our Technical Line discusses the accounting topics that gave rise to restatements and will be helpful for companies as they perform internal risk assessments and evaluate their control environment.

29 June 2012

Technical Line - Liquidity and interest rate risk - new disclosures proposed for all entities
The FASB proposed requiring all entities - public, private and not-for-profit - to provide liquidity risk disclosures in their audited financial statements. Entities that meet the proposed definition of a financial institution would also have to provide interest rate risk disclosures. Our Technical Line tells you what you need to know about the proposal.

14 June 2012

Technical Line - IPO financial statement accounting and disclosure considerations
Many companies have completed initial public offerings over the past two years, and the JOBS Act, which eases regulatory requirements for emerging growth companies, could encourage even more IPOs. Our To the Point summarizes the numerous financial statement accounting and disclosure requirements they must meet in IPO registration statements and subsequent periodic filings.

13 June 2012

Technical Line - Supreme Court ruling on health care law could affect financial reporting
The US Supreme Court is expected to rule by the end of June on the constitutionality of the health care law. The financial reporting consequences may be significant, depending on what the Court decides and a company’s operations. The timing of the ruling could make second-quarter financial reporting challenging. Our Technical Line summarizes these possible consequences.

22 March 2012

Technical Line - Recognizing revenue on the sale of virtual goods
Many publishers of social games, virtual worlds and popular multiplayer online role playing games offer games free of charge and give players the opportunity to purchase virtual goods to enhance their game-playing experience. Our Technical Line describes the revenue recognition methods available to account for the sale of virtual goods. It also addresses the factors to consider when selecting an accounting policy for revenue recognition on the sale of virtual goods, as well as gross versus net recognition considerations.

15 March 2012

Technical Line - Using the 2012 XBRL US GAAP taxonomy
The 2012 version of the XBRL US GAAP taxonomy includes several thousand updates, and the SEC is expected to approve it for use at the end of March. The 2009 taxonomy is expected to be unavailable for use shortly thereafter. The SEC staff strongly encourages companies to adopt the latest version. Our Technical Line is designed to help companies make the transition.

8 March 2012

Technical Line - Changes in reporting comprehensive income
Many companies will have to change how they present comprehensive income under Accounting Standards Updates 2011-05 and 2011-12. The new guidance is effective for public companies for fiscal years, and interim periods within those years, beginning after 15 December 2011. This means the first quarter of 2012 for calendar year-end public companies. For nonpublic companies, the amendments are effective for fiscal years ending after 15 December 2012 and interim and annual periods thereafter. Retrospective application is required. Early adoption is permitted. Our Technical line publication describes the new requirements.

27 February 2012

Technical Line - The revised revenue recognition proposal - real estate
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the real estate industry.

16 February 2012

Technical Line - The revised revenue recognition proposal - automotive
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the automotive sector.

9 February 2012

Technical Line - Tax extenders have expired - again
Several tax provisions that affect businesses, including the research and development tax credit, the active financing exception for financial services businesses and a host of renewable energy incentives, expired on 31 December 2011. While some or all of the tax provisions known as "tax extenders" may be reinstated as they have been in the past, a reinstatement can be accounted for only in the period of enactment. Our Technical Line tells you what you need to know about this issue.

2 February 2012

Technical Line - The revised revenue recognition proposal - life sciences
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the life sciences industry.

2 February 2012

Technical Line - The revised revenue recognition proposal - oil and gas
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the oil and gas industry.

1 February 2012

Technical Line - The revised revenue recognition proposal - aerospace and defense
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the aerospace and defense industry.

26 January 2012

Technical Line - How to avoid XBRL errors in certain registration statements
The SEC staff recently identified common errors in XBRL submissions related to non-IPO registration statements. Our Technical Line publication describes these errors and provides an overview of the XBRL Exhibit requirements along with best practices for complying with the rules.

12 January 2012

Technical Line - Accounting for incentive payments for using electronic health records
Many questions have arisen about the appropriate accounting treatment for incentive payments under the Medicare and Medicaid programs for certain eligible professionals and hospitals that meaningfully use certified electronic health record (EHR) technology. The SEC staff has informally expressed its view on the accounting treatment of these payments. Our Technical Line discusses the SEC staff’s view and the accounting implications of these incentive payments for issuers and non-issuers that operate hospitals.

12 January 2012

Technical Line - Aggregating milestone method disclosures may sometimes be appropriate
Many life sciences companies adopted Accounting Standards Update 2010-17, Milestone Method of Revenue Recognition, for the first time in their 2011 financial statements. The standard requires disclosures at the individual milestone level. While we believe entities should provide these disclosures for each material milestone, it may be appropriate for life sciences entities to aggregate disclosures for immaterial milestones. Our Technical Line publication provides questions to consider when assessing the materiality of milestones for disclosure.

12 January 2012

Technical Line - The revised revenue recognition proposal - health care
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the health care industry.

12 January 2012

Technical Line - The revised revenue recognition proposal - software and cloud services
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the software and cloud services.

5 January 2012

Technical Line - Respondents to PCAOB overwhelmingly oppose mandatory audit firm rotation
About 94% of the roughly 600 letters the PCAOB received on its concept release on possible ways to enhance auditor independence oppose mandatory audit firm rotation. It was the second largest number of responses the Board has received on a rulemaking project since it was created by the Sarbanes-Oxley Act of 2002. The PCAOB plans to hold a roundtable to gather more feedback in March 2012.

4 January 2012

Technical Line - New troubled debt restructuring disclosures vary significantly
The FASB has required companies to provide several new quantitative and qualitative disclosures on troubled debt restructurings (TDR). We found more diversity in the new TDR disclosures than in other credit quality disclosures. We reviewed the TDR disclosures for a sample of public banking registrants that recently adopted the new requirements and summarized our observations.

22 December 2011

Technical Line - Revenue recognition proposal - media and entertainment
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the media and entertainment industry.

22 December 2011

Technical Line - Revenue recognition proposal - retail and consumer products
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the retail and consumer products industries.

22 December 2011

Technical Line - Revenue recognition proposal - telecommunications
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal, and highlights some of the more significant implications that the latest revenue recognition proposal may have on the telecommunications industry.

15 December 2011

Technical Line - Revenue recognition proposal - asset management
This industry-specific publication supplements our Technical Line, Double-exposure: The revised revenue recognition proposal,and highlights some of the more significant implications that the latest revenue recognition proposal may have on the asset management industry. In coming weeks, we will issue additional industry-specific publications that will address, in further detail, how the proposal would affect those industries.

12 December 2011

Technical Line - Double-exposure: the revised revenue recognition proposal
The FASB and IASB recently re-exposed their joint revenue recognition proposal, which would converge revenue recognition guidance under US GAAP and IFRS into a single model and replace essentially all revenue recognition guidance. While the overall framework is the same as in the 2010 exposure draft (ED), key parts of the proposal have changed. Some changes move the proposal closer to US GAAP than the 2010 ED. Others would significantly change current practice for some companies.

8 December 2011

Technical Line - Consolidation and investment company accounting could change
Our Technical Line discusses two recent FASB proposals that together could be especially important for asset managers. The first proposal would amend existing consolidation guidance and would affect all reporting entities. The second proposal would redefine an investment company and how it accounts for investments.

8 December 2011

Technical Line - New investment property guidance may be in store for real estate entities
The FASB proposed a new accounting standard for investment property entities that could change the financial reporting for many entities that invest in real estate. Entities that meet the criteria for investment property entities would be required to measure their real estate investment property at fair value, with changes in fair value recognized in net income. They would present investment properties and related debt on their consolidated balance sheets and rental revenue and related expenses on their consolidated income statements.

17 November 2011

Technical Line - How to use the new qualitative screen to test goodwill for impairment
Accounting Standard Update (ASU) 2011-08, Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment, introduced an optional qualitative assessment for testing goodwill for impairment that may allow companies to skip the annual two-step test. This Technical Line provides a framework for companies to consider when determining whether and how to apply the qualitative screen.

17 November 2011

Technical Line - More focus needed on fair value information from third-party pricing sources
Regulators at the SEC and PCAOB are increasing their focus on the valuation of investments, especially the use of information from third-party pricing sources for securities for which there is no active market. Our Technical Line publication highlights some of the recent regulatory initiatives in this area and tells you what you need to know about your company’s use of third-party pricing sources to support valuations of investments.

7 November 2011

Technical Line - AICPA health care audit and accounting guide undergoes major surgery
The AICPA comprehensively revised its AICPA Audit and Accounting Guide, Health Care Entities,for the first time in 15 years. The new Guide, issued last month, contains incremental health care accounting guidance from the Codification, addresses health care industry implementation practices and provides illustrative interpretations of auditing considerations. It also includes certain recommendations from the Financial Reporting Executive Committee (FinREC) for transactions or events that are not included in the Codification and FinREC’s preferences for certain practices when authoritative guidance is subject to interpretation. Our Technical Line highlights the major changes and recommendations.

20 October 2011

Technical Line - A quick guide to understanding the Variable Interest Model and eight common misconceptions
Two years after the FASB revised its complex Variable Interest Model, we continue to see several common misconceptions. By describing the model and highlighting common misconceptions, we hope to help you navigate through the complexity. Our Technical Line is adapted from our Financial reporting developments publication, Consolidation of variable interest entities.

30 September 2011

Technical Line - What to consider when responding to the PCAOB about auditor independence and audit firm rotation
The PCAOB is seeking comment on its concept release on mandatory audit firm rotation to enhance auditor independence, objectivity and professional skepticism. Our publication outlines key questions to consider when preparing responses to the PCAOB. Given the potentially far-reaching implications, we believe it is important for the PCAOB to hear from all stakeholders so it can better consider and understand how the ideas outlined in the concept release would affect a company’s financial reporting risk, governance and costs. Comments are due by 14 December 2011.

11 August 2011

Technical Line - Current economic conditions - financial reporting considerations
The downgrade by S&P of the long-term sovereign credit rating of the United States has contributed to the recent volatility in the capital markets. It also raises a number of financial reporting considerations, including whether US Treasury rates can continue to be used as the risk-free interest rate for financial reporting purposes. Our Technical Line publication discusses this and other matters.

28 July 2011

Technical Line - A snapshot of the new joint revenue model
The Boards have completed their redeliberations on their revenue recognition proposal and plan to issue a second exposure draft due to the significant changes they made to the model they proposed last year. Our Technical Line summarizes the revised model based on our understanding of the tentative decisions the Boards reached during their redeliberations. We also compare the guidance in the original exposure draft to the guidance we expect in the upcoming exposure draft.

14 July 2011

Technical Line - Financial instruments - a new classification and measurement model on the horizon
At an SEC roundtable, investors, representatives of smaller public companies and regulators discussed the possible incorporation of IFRS in the US. Our To the Point summarizes what you need to know about the roundtable.

12 July 2011

Technical Line - Lessee model comes together as leases project progresses
The FASB has made significant progress in its redeliberations on the classification and measurement of financial instruments. Our Technical Line provides an overview of the decisions made to date, along with a comparison of these decisions to the earlier proposal.

16 June 2011

Technical Line - Fair value measurement - A closer look at the converged guidance
The FASB and IASB have issued converged guidance on fair value measurements and disclosures. The new guidance provides companies around the world with a uniform framework for applying the principles of fair value measurement. While many of the amendments clarify the current requirements, certain changes could have significant effects on some companies. Our Technical Line publication, which is written from a US GAAP perspective, takes a closer look and provides our views on the key amendments and clarifications, including the new disclosure requirements.

9 June 2011

Technical Line - Avoiding ‘cheap stock’ issues
Our Technical Line reminds companies of the importance of having contemporaneous independent valuations to support share-based compensation cost recorded in the 12 months before an IPO.

28 April 2011

Technical Line - Hedge accounting: Is convergence possible
Our Technical Line summarizes both the FASB and IASB proposals on hedging proposals and discusses opportunities for convergence.

26 April 2011

Technical Line - New credit quality disclosures - a survey
Our Technical Lines summarizes our review of the credit quality disclosures for a sample of public banking registrants that recently adopted the new requirements.

21 April 2011

Technical Line - Using the XBRL US GAAP taxonomy
Our Technical Line is designed to help companies that are using XBRL for the first time and those that already are subject to mandatory XBRL tagging. It includes specific considerations for large accelerated filers moving from the 2009 taxonomy to the 2011 taxonomy, which became effective at the end of February 2011.

18 April 2011

Technical Line - Another step toward a final revenue standard
Our Technical Line summarizes the key conclusions reached by the FASB and IASB at the end of April 2011 on its revenue recognition project.

13 April 2011

Technical Line - Boards receive mixed feedback on credit impairment proposals
The Boards received more than 200 comment letters on their Supplementary Document outlining a joint credit impairment approach and separate approaches the FASB and the IASB have been developing. Our Technical Line summarizes constituent feedback.

6 April 2011

Technical Line - New revenue recognition model is taking shape
The FASB and the IASB have made significant revisions to their joint revenue recognition proposal to address constituents’ concerns. Our Technical Line summarizes significant changes made as a result of redeliberations.

29 March 2011

Technical Line - Accounting for the effects of natural disasters - Japan
While the tragedy in Japan continues to evolve, companies are raising a number of questions about the related financial reporting effects. Our Technical Line provides a reminder of existing accounting guidance that should be considered when accounting for the effects of natural disasters.

23 March 2011

Technical Line - Redefining deferred acquisition costs - less is more
Insurance companies will be able to defer fewer costs under new guidance that limits the definition of deferrable acquisition costs to costs directly related to the successful acquisition of insurance contracts. Our Technical Line summarizes what you need to know about the new guidance.

8 March 2011

Technical Line - FASB makes progress on classifying and measuring financial instruments
The FASB is redeliberating accounting for classifying and measuring financial instruments and has made several important tentative decisions. Our Technical Line provides an update on the FASB’s decisions and analysis to help you assess the effects of the proposal.

24 February 2011

Technical Line - Proposed impairment approaches: a closer look
Our Technical Line provides additional guidance on the FASB and IASB model for recognizing credit losses on certain financial assets and their own separate approaches.

17 November 2010

Technical Line - Revenue recognition - estimating selling price
Our Technical Line provides guidance on factors to consider when making the best estimate of selling price under the new multiple-element model for revenue recognition.

5 November 2010

Technical Line - XBRL update: 2010 observations and insights
On 1 November 2010, the SEC staff addressed XBRL filing issues. Our Technical Line highlights SEC staff XBRL initiatives as well as our own observations from working with clients as they prepared their XBRL submissions.

27 October 2010

Technical Line - Any future for sell-through accounting?
Our Technical Line highlights the potential implication of the proposed FASB and IASB revenue recognition model on sell-through accounting. Under the proposed model, certain entities may conclude that recognition of revenue upon the transfer of control of the product to the distributor or reseller is appropriate.

20 October 2010

Technical Line - Revenue recognition: industry publication for software
Our Technical Line supplements our FRD entitled, The road to convergence: the revenue recognition proposal, to highlight significant implications that the proposed revenue recognition model may have on the technology industry.

15 October 2010

Technical Line - Effect of joint revenue recognition proposal on media and entertainment
Our Technical Line supplements our FRD entitled, The road to convergence: the revenue recognition proposal, to highlight significant implications that the proposed revenue recognition model may have on the media and entertainment industry.

6 October 2010

Technical Line - Implications of the new revenue recognition proposal to the oil and gas industry
Our Technical Line supplements our FRD entitled, The road to convergence: the revenue recognition proposal, to highlight significant implications that the proposed revenue recognition model may have on the oil and gas industry.

1 October 2010

Technical Line - Implications of the new revenue recognition proposal to the retail and consumer industry
Our Technical Line supplements our FRD entitled, The road to convergence: the revenue recognition proposal, to highlight significant implications that the proposed revenue recognition model may have on the retail and consumer products industry.

1 October 2010

Technical Line - Implications of the new revenue recognition proposal to the telecommunications industry
Our Technical Line supplements our FRD entitled, The road to convergence: the revenue recognition proposal, to highlight significant implications that the proposed revenue recognition model may have on the telecommunications industry.

18 August 2010

Technical Line - Proposed leases guidance exposed
Substantial changes to the accounting for leases were proposed in the ED issued by the FASB and IASB on their joint leases project. This document summarizes the joint proposal.

21 July 2010

Technical Line - Venezuela’s foreign currency exchange market: recent developments
During second quarter 2010, the government of Venezuela acted to halt the free-floating "parallel" currency exchange mechanism that many companies utilized to convert Venezuelan currency to US dollars, replacing that mechanism with a new currency exchange system known as "SITME." The accounting considerations associated with that development are discussed in our Technical Line.

7 July 2010

Technical Line - Financial instruments: FASB proposes wholesale changes
Our Technical Line provides a discussion of the proposed update on the accounting for financial instruments and provides our views on the implications of several key aspects of the proposed guidance

30 June 2010

Technical Line - Effects of the new multiple-element revenue guidance on cloud computing vendors
Our Technical Line provides an overview of the amendments in ASU 2009-13 and describes how these amendments may affect cloud computing arrangements.

18 June 2010

Technical Line - The joint leases project: change is coming
Our Technical Line provides an overview of the tentative decisions the Boards have reached to date on their leasing project and highlights some of the most significant changes expected to be proposed.

2 April 2010

Technical Line - Effects of new multiple-element revenue guidance on life sciences R&D collaborations
Our Technical Line addresses the guidance for multiple-element arrangements as modified by the final consensus in EITF 08-1, focusing on how these amendments may affect life sciences R&D collaboration arrangements

2 April 2010

Technical Line - Milestone method of revenue recognition codified in US GAAP
Our Technical Line provides a summary of the key provisions of the consensus reached in EITF Issue 08-9 related to the milestone method of revenue recognition.

31 March 2010

Technical Line - The effects of the revised variable interest model on lot option contracts
Our Technical Line provides (1) a summary of the terms of typical structures used by homebuilders to acquire raw land or finished lots, (2) a summary of the amendments in Statement 167 and (3) considerations in applying Statement 167’s provisions to lot option contracts

15 January 2010

Technical Line - Venezuela as a highly inflationary economy
Our Technical Line addresses the accounting for a change from a non-highly inflationary economy for Venezuela to a highly inflationary economy.

30 December 2009

Technical Line - Application of FASB Statement No. 157 to private equity
Our Technical Line has been updated to incorporate the practical expedient to estimate the fair value of certain alternative investments using net asset value (NAV) provided for in FASB ASU 2009-12.

23 December 2009

Technical Line - FASB Statement No. 166, Accounting for Transfers of Financial Assets, an amendment of FASB Statement No. 140 – Update of original Technical Line issued in July 2009
Our Technical Line summarizes Statement 166. Statement 166 changes the way enterprises account for transfers of financial assets and determine what entities must be consolidated, and will have a significant effect on securitizations and special-purpose entities.

23 December 2009

Technical Line - Status update - Joint revenue recognition project
Our Technical Line provides an update on the decisions the Boards have made on the joint revenue recognition project.

18 December 2009

Technical Line - The effects of the revised variable interest model on the life sciences industry
Our Technical Line provides an overview of the amendments in Statement 167 and their effects on transactions common in the life sciences industry.

20 November 2009

Technical Line - Revised software revenue recognition guidance
Our Technical Line reflects the issuance of ASU 2009-14, Software (Topic 985), Certain Arrangements That Include Software Elements, a Consensus of the FASB Emerging Issues Task Force.

20 November 2009

Technical Line - The effects of Statement 167 on PPAs in the power and utilities industry
Our Technical Line provides an overview of the amendments in Statement 167 and their effects on power purchase arrangements in the power and utilities industry.

13 November 2009

Technical Line - FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R): Appendix C-FAQs
Out Technical Line provides additional implementation guidance in the form of frequently asked questions (FAQs) on Statement 167’s provisions.

11 November 2009

Technical Line - Tranched preferred share issuances
Our Technical Line addresses how to determine if the future tranche right/obligation is a freestanding instrument or an embedded feature. It also provides factors to consider when evaluating the transaction’s contractual terms to make that determination. It provides a brief overview of the different accounting models applied to freestanding instruments and embedded features.

21 October 2009

Technical Line - Warrants on redeemable shares
Our Technical Line illustrates the application of the accounting literature related to freestanding warrants, and similar instruments, on redeemable shares. There is also a brief overview of the transactions where these types of warrants frequently have been issued

31 July 2009

Technical Line - Amendments to FIN 46(R)
Our Technical Line summarizes the amendments to FIN 46(R) related to the consolidation of variable interest entities (VIEs).

26 June 2009

Technical Line - Implications of Statement 141(R) on mutual entities
Our Technical Line summarizes the implications of Statement 141(R) for business combinations of mutual entities.

17 June 2009

Technical Line - Auction rate securities and settlement agreements
Our Technical Line discusses the settlement agreements related to auction rate securities.

17 June 2009

Technical Line - Other-than-temporary impairment
Our Technical Line discusses the relevant accounting literature and factors to be considered in determining whether a decline in a marketable equity security’s fair value below its cost is other than temporary.

20 May 2009

Technical Line - Fair value considerations: Oil and gas
Our Technical Line supplements providing a series of questions and interpretive responses about the use of fair value measurements in the oil and gas industry.

20 May 2009

Technical Line - Other-than-temporary impairment: Questions and interpretive responses about FSP FAS 115-2
Our Technical Line provides Q&As related to the implementation of FSP FAS 115-2 and FAS 124-4, Recognition and Presentation of Other-Than-Temporary Impairments.

8 May 2009

Technical Line - Fair value considerations: Statement 157
Our Technical Line highlights key changes in practice that are likely to occur when applying the fair value principles in Statement 157 to certain nonfinancial assets and liabilities.

29 April 2009

Technical Line - Appendix A - Implications of the DP proposed model on the airline industry
Our Technical Line addresses airline-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix B - Implications of the DP proposed model on the asset management industry
Our Technical Line addresses asset management-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix C - Implications of the DP proposed model on the automotive industry
Our Technical Line addresses automotive-specific revenue recognition issue if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix D - Implications of the DP proposed model on banking and capital markets companies.
Our Technical Line addresses banking-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix E - Implications of the DP proposed model on the insurance industry
Our Technical Line addresses insurance-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix F - Implications of the DP proposed model on life sciences companies
Our Technical Line addresses life sciences-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix G - Implications of the DP proposed model on the media and entertainment industry
Our Technical Line addresses media and entertainment-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix H - Implications of the DP proposed model on the mining industry
Our Technical Line addresses mining-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix I - Implications of the DP proposed model on the oil and gas industry
Our Technical Line addresses oil and gas-specific revenue recognition issues the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix J - Implications of the DP proposed model on power and utilities companies
Our Technical Line addresses power and utilities-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix K - Implications of the DP proposed model on the real estate, construction and hospitality industry
Our Technical Line addresses real estate, construction and hospitality-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix L - Implications of the DP proposed model on retail, wholesale and consumer products companies
Our Technical Line addresses retail, wholesale and consumer products-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix M - Implications of the DP proposed model on the technology industry
Our Technical Line addresses technology-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Appendix N - Implications of the DP proposed model on telecommunications companies
Our Technical Line addresses telecommunications-specific revenue recognition issues if the provisions of the FASB/IASB Discussion Paper on revenue recognition eventually are adopted.

29 April 2009

Technical Line - Revenue recognition project preliminary views
Our Technical Line summarizes the initial decisions made in the Boards’ joint revenue recognition project, which has the potential to significantly change how and when many entities recognize revenue.

3 April 2009

Technical Line - FAS 142 impairment testing subsequent to the adoption of FAS 141(R), 157 and 160
Our Technical Line highlights the amendments made to FASB Statement No. 142¸ Goodwill and Other Intangible Asset by Statements No. 141(R) No. 157 and No. 160.

1 April 2009

Technical Line - Fair value measurements: Real estate
Our Technical Line addresses a number of frequently asked questions related to Statement 157’s application to the real estate industry.

27 February 2009

Technical Line - Life sciences collaboration arrangements: consolidation considerations
Our Technical Line provides considerations in applying consolidation accounting to life sciences collaboration arrangements.

11 February 2009

Technical Line - Accounting for transfers of financial assets and repurchase financing transactions
Our Technical Line provides a discussion of the requirements of FSP FAS 140-3 and includes interpretive guidance to help evaluate the accounting for linked and unlinked transactions under Statement 140.

11 February 2009

Technical Line - SEC publishes final rule requiring XBRL
Our Technical Line provides an overview of the SEC's final rule requiring the use of eXtensible Business Reporting Language (XBRL) for SEC financial reporting.

4 February 2009

Technical Line - Other-than-temporary impairment-Accounting considerations for certain securities
Negative market trends have brought about an increased emphasis on the accounting other-than-temporary impairments (OTTI) of debt and equity securities. Our Technical Line discusses the various accounting issues that have been issued by the FASB and EITF.

22 December 2008

Technical Line - Accounting for guaranteed debt under EITF Issue No. 08-5, "Issuer’s Accounting for Liabilities Measured at Fair Value with a Third Party Credit Enhancement"
Our Technical Line discusses the concepts of EITF Issue 08-5 and illustrates journal entries for guaranteed debt accounted for at fair value.

22 December 2008

Technical Line - The road to IFRS in the US
Our Technical Line provides an expansive discussion of the proposed SEC Roadmap and related proposed rule amendments.

19 December 2008

Technical Line - EITF Issue 07-5-Determining whether an Instrument Is Indexed to an Entity’s Own Stock
Our Technical Line discusses the provisions of 07-5 and helps companies analyze equity-linked embedded features for bifurcation under the new guidance.

5 December 2008

Technical Line - Revenue Recognition in Technology Companies-US GAAP and IFRS
Our Technical Line addresses revenue recognition issues that are of particular interest for technology companies.

26 November 2008

Accounting for business combinations-implications of Statement 141 (R) for the telecommunications industry
Our Technical Line discusses the effects of FASB Statement No. 141(R) on the accounting for business combinations in the telecom industry.

26 November 2008

Technical Line - Accounting for business combinations-implications of Statement 141 (R) for oil and gas companies
Our Technical Line discusses the effects of FASB Statement No. 141(R) on the accounting for business combinations in the oil and gas industry.

21 November 2008

Technical Line - Two-class method of computing EPS: Applying FSP EITF 03-6-1/EITF 07-4
Our Technical Line addresses the guidance issued by the FASB and the EITF on applying the two-class method of computing EPS in certain instances.

12 November 2008

Technical Line - FSP APB 14-1-Accounting for convertible debt instruments that may be settled in cash upon conversion
Our Technical Line provisions of FASB Staff Position APB 14-1 which was issued to address questions about the valuation of the components of an instrument when convertible debt is settled in cash upon conversion.

31 October 2008

Technical Line - Implications of FASB Statement No. 141 (R) on life sciences companies
Our Technical Line addresses Statement 141(R)’s provisions and their effects on the accounting for business combinations in the life sciences industry.

10 October 2008

Technical Line - SEC foreign issuer reporting enhancements
Our Technical Line provides a summary of the more significant aspects of the SEC’s adopting release that enhances disclosures for foreign private issuers.

3 October 2008

Technical Line - Accounting for product returns in the life sciences industry
Our Technical Line addresses the accounting and reporting for sales of life sciences products through distributors who have a right of return.

1 October 2008

Technical Line - Auction rate securities and settlement agreements
Our Technical Line addresses several questions that have arisen regarding accounting considerations for the proposed auction rate security settlements from the perspective of both the investor and the broker dealer.

1 October 2008

Technical Line - Considerations for derivatives with counterparties in distress
Our Technical Line provides accounting considerations affecting derivatives with counterparties in financial distress.