PwC's accounting podcast

The new revenue standard: 5 things private companies need to know

Debt classification: Back to the basics with 5 things you need to know

The US macroeconomic outlook: 5 things you need to know

Mind the GAAP! Here are 5 things you need to know about non-GAAP financial measures

Lessee right-of-use assets: 5 things you need to know

Need to know more about the ways the phase out of LIBOR could affect your company? If so, you're not alone. Some say it's one of the most important numbers in finance. So the replacement of LIBOR will reach far beyond the financial markets and is expected to impact the accounting and financial reporting for most companies. It's a complex topic and companies have a lot to think about as they prepare for this change. In this episode, PwC partner Heather Horn leads a lively discussion with Justin Keane, Chip Currie, and Nick Milone. Justin has been focused on LIBOR and reference rate reform efforts and has been on the front lines working with companies as they prepare for the change. Nick shares helpful perspective from his experience in our financial markets practice. And, Chip summarizes the key accounting issues based on his ongoing work as part of our national office.

This first quarter 2019 edition of The quarter close publication will be read to you by Marc Jerusalem, a Director in PwC's National office. This edition of The quarter close provides timely accounting and reporting information that can help you prepare for this quarter's reporting. Topics include: The new leases standard is here! We provide key reminders about lease disclosures, recently issued guidance for lessors and other implementation considerations, the latest on the frequency of financial reporting for public companies, key considerations related to guidance that is effective now or with an effective date that is just around the corner, including the simplified goodwill impairment test, additional insights about Brexit, the planned LIBOR phase-out, EU non-financial reporting regulations, and more.

Assessing collectibility under ASC 606: 5 things you need to know

Sustainability reporting: 5 things you need to know

Hedge accounting: 5 things to know when implementing the new standard

The UK's anticipated March 29 departure from the EU is top of mind for many businesses. Brexit will impact the global business community - including entities doing business with the UK and international companies with UK operations.In this episode, PwC partner Heather Horn and a panel of PwC professionals discuss 5 things you need to know about the accounting considerations related to Brexit, including: Impairment (goodwill, intangible assets, nonfinancial assets), Impact on financial assets (including valuation and hedge accounting), Restructuring, Tax accounting and Financial statement disclosures.

Listen to our insights on five items you need to know about the SEC's current agenda. We discuss: The SEC's rulemaking process, the request for comment on earnings releases and quarterly reporting, the proposed rules to simplify disclosures in certain debt offerings, potential simplifications to Rule 3-05 (financial disclosures about acquired businesses), and potential amendments to accelerated filer thresholds.

To help you prepare your year-end financial statements, listen to PwC partners discuss observations from SEC comment letters issued in the 2018 review cycle. In addition to examining the areas receiving the most attention from the SEC staff—including the new revenue standard, segment reporting, and fair value and other estimates—we also give listeners a few best practices to keep in mind when responding to SEC comment letters.

This fourth quarter 2018 edition of The quarter close publication will be read to you by Marc Jerusalem, a Director in PwC's National office. The publication provides timely accounting and reporting information that can help you prepare for year-end reporting. Topics include:An overview of the disclosure requirements for the new leases standard, before and after adoption, Information about SEC comment letter trends, Key considerations related to guidance that is effective now or with an effective date that is just around the corner, Additional insights about Brexit, digital assets, cybersecurity enforcement, and more, and a listing of topics that continue to present challenges to financial statement preparers and links to where you can find more detailed information.Get up to speed on the top issues for annual financial reporting on our CFOdirect webpage – easy to read on your phone, tablet or computer.

What has the SEC staff commented on in letters to companies on the new revenue standard? In this podcast, we examine some of the SEC comment letters related to companies who have adopted the new revenue standard and have received comment letters through October 2018. From our review of the letters, we’ll discuss our observations, including: identification of performance obligations, estimating transaction price, timing of revenue recognition, principal versus agent assessments (gross versus net reporting of revenue), and capitalized costs related to revenue contracts.