OVERVIEW INDEX. In this recorded webcast, our panel of PwC specialists discuss:
|
|
- Chad Holt
- 6 years ago
- Views:
Transcription
1 OVERVIEW s National Professional Services Group invites you to watch a replay of our 90 minute webcast, during which specialists from our national office and accounting advisory practice lead an informative discussion on current issues in the design of and accounting for stock compensation arrangements. In this recorded webcast, our panel of specialists discuss: New guidance from the FASB on certain aspects of employee share based payments, including significant changes to income taxes and changes for private companies Modifications to existing awards The impact of performance and market conditions INDEX FASB s new guidance Slide 7 Modifications Slide 22 Performance and market conditions Slide 31
2 GLOSSARY OF KEY TERMS Cliff Vesting An award that vests as of a specific date. Employee Someone over whom the grantor of a stock based compensation award exercises or has the right to exercise sufficient control to establish an employer employee relationship based on common law. Graded Vesting An award that vests in stages over the award s contractual term. Market Condition A condition affecting the exercise price, exercisability, or other pertinent factors used in determining the fair value of an award under a share based payment arrangement that relates to the achievement of (a) a specified price of the issuer s shares or a specified amount of intrinsic value indexed solely to the issuer s shares or (b) a specified price of the issuer s shares in terms of a similar (or index of similar) equity security (securities). Performance Condition A condition affecting the vesting, exercisability, exercise price, or other pertinent factors used in determining the fair value of an award that relates to both (a) an employee s rendering service for a specified (either explicitly or implicitly) period of time and (b) achieving a specified performance target that is defined solely by reference to the employer s own operations (or activities). A performance target also may be defined by reference to the same performance measure of another entity or group of entities. Service Condition A condition affecting the vesting, exercisability, exercise price, or other pertinent factors used in determining the fair value of an award that depends solely on an employee rendering service to the employer for the requisite service period. A condition that results in the acceleration of vesting in the event of an employee s death, disability, or termination without cause is a service condition.
3 Taking Stock of Stock Compensation Presentation will begin in a few moments. Click Resources to download today s slides.
4 Administrative matters For better viewing experience, close all other applications For better sound quality, use headphones To enlarge the slides click the bottom right corner of the slide window and drag to the desired size or click the green maximize button at the top right of the slide window To download today s presentation, click on the Resources icon on the left Submit questions any time during the session using the Q&A window on the left side of your screen If you experience any technical difficulties during the polling sessions, reply to the question in the Q&A window and include the poll number 2
5 CPE administrative details To receive full 1.5 CPE credits for today s webcast, you must be active during the entire 90 minute webcast. You will be required to answer 6 polling questions during the webcast to verify attendance. You will have 2 minutes to answer each timed poll. CPE is not offered for audio only attendees or viewers of the replay. To download the slides and polling questions, click on Resources. Use Q&A to ask questions during the webcast, or to respond to polls manually if you have a technical issue. 3
6 Today s presenters Jay Seliber Partner, National Professional Services Group Jay.seliber@pwc.com Chad Kokenge Partner, US Accounting Advisory Leader Chad.a.kokenge@pwc.com Nicole Berman Director, National Professional Services Group Nicole.s.berman@pwc.com Scott Allender Senior Manager, National Professional Services Group Scott.r.allender@pwc.com 4
7 Agenda FASB s new guidance Modifications Performance and market conditions Questions 5
8 Poll question 1 Who receives stock-based compensation awards in your company? a) Only executives b) Senior management and higher c) Middle management and higher d) Most employees e) N/A or staff 6
9 FASB s new guidance 7
10 Future of stock compensation accounting Reasons for Change FASB Simplification Initiative FAS 123R Post- Implementation Review FASB s Private Company Council 8
11 Who is impacted and when? Public entities Annual and interim periods beginning after December 15, 2016 All other entities Annual periods beginning after December 15, 2017 and interim periods beginning after December 15, 2018 Early adoption is permitted for any entity in any interim or annual period; however, all amendments must be adopted at the same time 9
12 Future of stock compensation accounting Income Taxes Eliminate windfall pool All excess tax benefits and tax deficiencies to income Windfalls are operating outflows Cash paid for personal taxes on net settlement is financing outflows Cash Flow EPS Removes windfall tax component from treasury stock method Forfeitures Policy choice Estimated or actual Threshold increased to maximum marginal rate Net Tax W/H Private company Expected term Intrinsic value 10
13 Accounting for income taxes Current Guidance versus Simplified Guidance Windfalls recognized in APIC Windfall pool tracking Shortfalls recognized as: 1. APIC, if sufficient pool, or 2. Tax expense All windfalls and shortfalls recognized through income tax expense Windfalls recognized when excess deduction occurs, not when utilized to reduce cash taxes Rationale/Implications Tracking windfall pool is complex Under proposed amendments, no need to maintain a windfall pool Volatility in income, EPS, effective tax rate Discrete item in the quarter it occurs, not part of the effective tax rate Transition Excess tax benefits/deficiencies recognized as income tax benefit/expense in income statement upon vesting/settlement - Prospective Excess tax benefits recognized regardless whether benefit reduces taxes payable (subject to valuation allowance considerations) Modified retrospective 11
14 Example Tax accounting Shortfall Facts January 1, 2015 grant of 100,000 RSUs vest in 3 years. Grant date FV $20. FV at vesting is $16. Tax rate is 30% Current Guidance Over vesting period Comp expense = $2m Tax benefit (income) = $600k At settlement Tax shortfall (APIC)* - $120k Simplified Guidance Over vesting period Comp expense = $2m Tax benefit (income) = $600k At settlement Tax shortfall (P&L) - $120k * Assumes sufficient windfall pool exists to offset the shortfall 12
15 Accounting for income taxes EPS considerations Current Guidance versus Simplified Guidance How do the proposed amendments impact diluted EPS? Included in the calculation of assumed proceeds Recognized in the income statement (No longer included in the calculation of assumed proceeds) Rationale/Implications No longer includes excess tax benefits or tax deficiencies in assumed proceeds under treasury stock method Generally will increase dilutive effect Transition Prospective 13
16 Classification of excess tax benefits on statement of cash flows Current Guidance versus Simplified Guidance In the cash flow statement, when displaying windfalls. Displayed gross as an operating outflow and a financing inflow Combined with other income tax cash flows within operating cash flows Rationale/Implications The current treatment is the only exception from single line presentation of taxes within operating cash flows Transition Prospective OR retrospective 14
17 Poll question 2 Of the items in the FASB s new guidance, which will be most significant for your company? a) The expanded tax withholding limits is a game-changer b) The income tax expense volatility will cause a lot of heartburn c) The impact on EPS since that is a key investor metric d) The impact on the cash flow statement e) Don t know or staff 15
18 Forfeitures Current Guidance versus Simplified Guidance Estimate of forfeitures required Policy election Estimate forfeitures OR Account for forfeitures when they occur Rationale/Implications Tracking forfeiture estimates can be complex and costly Under either method, compensation cost will be recognized for all awards that ultimately vest Actual forfeiture approach will result in greater expense earlier in award life Entity-level policy decision, not award-by-award election Assessment of likelihood of vesting still required in certain circumstances Transition Modified retrospective 16
19 Minimum statutory tax withholding requirements Current Guidance versus Simplified Guidance Does net settlement result in liability classification? Employer s minimum statutory withholding requirements Employee s maximum statutory tax rate in applicable jurisdiction Rationale/Implications Determining the minimum required rate can be complex Creates tension with tax law, which requires at least minimum to be withheld Amendment reduces the complexity single maximum rate typically known Transition Modified retrospective 17
20 Classification of employee taxes paid on statement of cash flows on net settlement Current Guidance versus Simplified Guidance In the cash flow statement, when displaying cash paid by an employer when directly withholding shares No guidance on classification Classified as a financing activity Rationale/Implications Diversity in practice today Transition Retrospective 18
21 Practical expedient Intrinsic value Current Guidance versus Simplified Guidance In valuing liability-classified awards, non-public companies Not permitted to change from a fair value to intrinsic value measurement One-time election to switch from a fair value to intrinsic value measurement Rationale/Implications Some non-public companies were not aware that liability-classified awards could be measured at intrinsic value when they initially adopted ASC 718 Provides a second chance Transition Modified retrospective 19
22 Practical expedient Expected term Current Guidance versus Simplified Guidance In determining the expected term of an option, non-public companies Required to estimate period until exercise Practical expedient simplified method to estimate the expected term for certain awards Rationale/Implications SEC already allows simplified method for certain stock options. Midpoint between vest and expiration Proposed amendment codifies acceptability for private companies, and expands it for awards with performance conditions Transition Prospective 20
23 Poll question 3 Will your company early adopt the new stock-based compensation guidance? a) Yes b) Not sure yet, but probably c) No d) Don t know or staff 21
24 REVIEW QUESTIONS 1. Which of the following statements is not correct regarding the FASB s new share based payment simplification guidance? a. Under the new guidance, windfalls will be recorded in equity, and shortfalls will be recorded in equity to the extent of previous windfalls, and then to the income statement. b. Under the new guidance, all of the tax effects related to share based payments at settlement (or expiration) will be recognized through the income statement. c. All tax related cash flows resulting from share based payments will be reported as operating activities on the statement of cash flows. 2. Under the FASB s new share based payment simplification guidance, entities may withhold an amount without resulting in liability classification of the award. a. Up to the employees maximum individual tax rate in the relevant jurisdiction. b. Up to the employer s minimum statutory tax withholding requirement. c. Equal to the employees tax liability.
25 REVIEW QUESTION ANSWERS 1. Which of the following statements is not correct regarding the FASB s new share based payment simplification guidance? a. Under the new guidance, windfalls will be recorded in equity, and shortfalls will be recorded in equity to the extent of previous windfalls, and then to the income statement. b. Under the new guidance, all of the tax effects related to share based payments at settlement (or expiration) will be recognized through the income statement. c. All tax related cash flows resulting from share based payments will be reported as operating activities on the statement of cash flows. a. Correct. Under current guidance, tax benefits in excess of compensation cost ( windfalls ) are recorded in equity, and tax deficiencies ( shortfalls ) are recorded in equity to the extent of previous windfalls, and then to the income statement. b. Incorrect. Under the new guidance, all of the tax effects related to share based payments at settlement (or expiration) will be recognized through the income statement; while the simplification will reduce some of the administrative complexities by eliminating the need to track a windfall pool, it will increase the volatility of income tax expense. c. Incorrect. All tax related cash flows resulting from share based payments will be reported as operating activities on the statement of cash flows, a change from the current requirement to present windfall tax benefits as an inflow from financing activities and an outflow from operating activities. 2. Under the FASB s new share based payment simplification guidance, entities may withhold an amount without resulting in liability classification of the award. a. Up to the employees maximum individual tax rate in the relevant jurisdiction. b. Up to the employer s minimum statutory tax withholding requirement. c. Equal to the employees tax liability. a. Correct. The simplification allows entities to withhold an amount up to the employees maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award. b. Incorrect. Currently, employers are permitted to withhold shares upon settlement of an award to satisfy the employer s tax withholding requirement without causing the award to be liability classified; however, the amount is strictly limited to the employer s minimum statutory tax withholding requirement. c. Incorrect. The simplification allows entities to withhold an amount up to the employees maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award.
26 Modifications 22
27 Accounting for modifications under ASC 718 General principle Two-step process to account for the modification - Calculate the difference between the fair value immediately before and immediately after the modification (incremental fair value) - Reassess probability of vesting immediately before and immediately after modification Type I: Probable-to-Probable Type II: Probable-to-Improbable Type III: Improbable-to-Probable Type IV: Improbable-to-Improbable Recognize original grant date fair value plus any incremental fair value Uncommon in practice. Incremental value plus grant date value only recognized if award becomes probable Similar to forfeiture and new grant. New measurement of value. Recognize over remaining service period. Similar to Type III. New measure of expense only recognized if award becomes probable. Total recognized compensation expense should at least equal the award s grant date fair value, unless on the modification date it is not probable that the employee will meet the original award s performance or service condition 23
28 Impact of award modifications on EPS Diluted EPS Treat the modification as if there was a cancellation and new issuance of an award Treat before and after awards separately Include each separate award for weighted average period that each was outstanding Reference: Financial Statement Presentation Guide 24
29 Poll question 4 What level of change to systems and processes do you expect as a result of the new stockbased compensation standard? a) Significant change expected b) Moderate change expected c) Minimal change expected d) We need to talk to our service provider e) Not sure or staff 25
30 Spin-off transactions A spin-off is an equity restructuring under ASC 718, which generally creates a number of complex stock-compensation issues Nature of the award modification Impact of mandatory anti-dilution provision Key considerations Attribution of stock-based compensation cost Stock prices to be used in the incremental fair value calculation The exchange/modification of awards in connection with a spin-off transaction without antidilution provisions will usually result in incremental compensation cost 26
31 Who recognizes the expense? After the spin-off, each entity recognizes compensation cost related to awards held by its employees regardless of which entity originally granted the awards Each entity continues to account for the awards as employee awards, including awards to purchase the other entity s stock 27
32 Awards exchanged in a business combination Acquirer accounting Awards (acquiree & replacement) measured at fair value at the acquisition date Awards (or portion of) attributable to precombination services is included as part of the purchase consideration - Only included in purchase consideration if the acquirer is obligated to issue replacement awards Awards (or portion of) attributable to postcombination services is charged to earnings in the postcombination financial statement Calculation of amount of fair value attributed to precombination and postcombination services Precombination services Fair value of the acquiree award X Precombination service (vesting) period completed prior to the exchange Greater of: Total service (vesting) period of the replacement award Postcombination services Total fair value of the acquirer replacement award Less: Portion attributable to precombination services OR Original service (vesting) period of the acquiree award 28
33 Assessing what is exchanged in the business combination Acquirer may: Assume existing compensation arrangements Establish new arrangements Factors to consider in analysis include: The reasons for the transaction Who initiated the transaction The timing of the transaction Transaction arranged primarily for the economic benefit of the acquirer (or combined entity) Not deemed to be part of the consideration transferred for the acquiree Should be accounted for separately from the business combination 29
34 Poll question 5 What did you find to be the biggest challenge in accounting for stock-based compensation in a recent business combination or spin-off? a) Integration of systems b) New plan design c) Modification of awards d) Taxes e) We have not had a recent transaction or staff 30
35 REVIEW QUESTION 1. Which of the following statements is not correct regarding modifications accounted for under ASC 718, Compensation Stock Compensation? a. The difference between the fair value immediately before and immediately after the modification must be calculated (incremental fair value). b. The probability of vesting immediately before and immediately after modification must be assessed. c. The total recognized compensation expense should be less than the award s grant date fair value.
36 REVIEW QUESTION ANSWERS 1. Which of the following statements is not correct regarding modifications accounted for under ASC 718, Compensation Stock Compensation? a. The difference between the fair value immediately before and immediately after the modification must be calculated (incremental fair value). b. The probability of vesting immediately before and immediately after modification must be assessed. c. The total recognized compensation expense should be less than the award s grant date fair value. a. Incorrect. The difference between the fair value immediately before and immediately after the modification must be calculated (incremental fair value). b. Incorrect. The probability of vesting immediately before and immediately after modification must be assessed. c. Correct. The total recognized compensation expense should at least equal the award s grant date fair value, unless on the modification date it is not probable that the employee will meet the original award s performance or service condition.
37 Performance and market conditions 31
38 Summary of vesting conditions Condition Market condition affects vesting, or something other than vesting (e.g. exercise price, term, etc.) Performance or service condition affects vesting. Performance or service condition affects something other than vesting (e.g. exercise price, term, quantity) Considered in estimating grant date fair value? Yes No, not considered FV determined for each possible outcome assuming performance condition is met Adjustment to compensation cost for outcome of condition Cost NOT adjusted if condition not met, so long as requisite service provided. Cost recognized only for awards that ultimately vest. Cost based on FV of award whose outcome ultimately achieved. If a combination award (more than one condition) contains a market condition, it is treated based on the market condition guidance. 32
39 Impact of vesting conditions Type of condition Market Performance Service Advantages Lower initial estimate of fair value, therefore fixed expense may be lower each period Charge only recognized when performance target is probable Charges are reversed for awards that do not ultimately vest Compensation charges are reversed for awards that do not ultimately vest Disadvantages Compensation cost is never reversed, even if options do not ultimately vest May require complex valuation techniques Performance condition not included in valuation of grant, resulting in a larger charge Assess probability every period If targets are not all set upfront, would typically delay grant date Service condition not included in valuation of grant, resulting in a larger charge 33
40 EPS considerations Included in the computation of diluted EPS if the awards are dilutive and their conditions: - Have been satisfied at the reporting date, or - Would have been satisfied if the reporting date was the end of the contingency period Not a probability assessment If included in the computation, use the treasury stock method to calculate dilutive shares Reference: Financial Statement Presentation Guide 34
41 Poll question 6 What type of vesting conditions does your company s plan(s) require? a) Service only b) Market only c) Performance only d) More than one of the above e) Don t know, N/A, or staff 35
42 Attribution model Service conditions & graded vesting Graded-vesting method Straight-line method Market or performance conditions & graded vesting Graded-vesting attribution method must be used Other considerations If awards cliff vest, compensation cost should be recognized on a straight-line basis When using straight-line, compensation cost recognized must at least equal the value of the vested portion of the award 36
43 Straight Line vs. Graded expense attribution Comparison of expense Example award with 3 year annual vesting, grant date fair value $300 Straight Line Graded Year 1 Year 2 Year 3 0 Year 1 Year 2 Year 3 Tranche 1 Tranche 2 Tranche 3 37
44 Poll question 7 Would you attend a webcast during the summer (July/August) or during quarter/yearend close (Jan/Feb/Apr/July/Oct)? a) Yes b) Yes in the summer, but not during a close c) Not in the summer, but yes during a close d) No e) Not sure or staff 38
45 REVIEW QUESTIONS 1. Which of the following is an advantage of using a market condition? a. There is a lower initial estimate of fair value; therefore fixed expense may be lower each period. b. Compensation cost is never reversed, even if options do not ultimately vest. c. Charge only recognized when performance target is probable. 2. Which of the following award conditions allow for use of the straight line attribution method for graded vesting features? a. Service conditions. b. Market conditions. c. Performance conditions.
46 REVIEW QUESTION ANSWERS 1. Which of the following is an advantage of using a market condition? a. There is a lower initial estimate of fair value; therefore fixed expense may be lower each period. b. Compensation cost is never reversed, even if options do not ultimately vest. c. Charge only recognized when performance target is probable. a. Correct. There is a lower initial estimate of fair value; therefore fixed expense may be lower each period. b. Incorrect. This is a disadvantage of using a market condition. c. Incorrect. This is an advantage of a performance condition. 2. Which of the following award conditions allow for use of the straight line attribution method for graded vesting features? a. Service conditions. b. Market conditions. c. Performance conditions. a. Correct. Under ASC 718, a company may elect to use either attribution method for an award with graded vesting features and only service conditions. The company should make a policy decision and apply this policy consistently for all awards with similar features. b. Incorrect. If awards with market conditions include graded vesting features, the graded vesting method should be used and the straight line method should not be used. c. Incorrect. If awards with market conditions include graded vesting features, the graded vesting method should be used and the straight line method should not be used.
47 Q&A 39
48 Upcoming webcasts FASB s new revenue recognition guidance: implementation update May 17 Debt modifications and extinguishments May 25 Private company mid-year update June 7 Current accounting and reporting developments (Q2) June 15 FASB standard setting update June 20 Impairment of financial assets After release of FASB s final standard 40
49 webcasts on-demand CPE credit available upon passing a knowledge check SEC comment letter trends Commercial and industrial companies Financial institutions Revenue recognition & FERF 2015 survey results: Assessing impact and implementation Latest developments on implementation of new revenue standard How revenue recognition will change Consolidation Navigating the FASB s new consolidation standard - Financial services industry Navigating the FASB s new consolidation standard - Commercial and industrial companies Private companies 2015 Year-end accounting & reporting developments Accounting challenges - acquisitions, dispositions, refinancings and more Other financial reporting topics Pension accounting Foreign currency Lease accounting Derivatives and hedging EPS 41
50 CPE credit reminders To receive full CPE credit for today s webcast, you must have been active during the entire live session and answered six polling questions. CPE is not offered for the replay or for listen only attendees. Please turn off all pop up blockers before downloading and printing your own CPE certificate. For manual responses, you will be unable to download your certificate. You can return to the event once archived and download the certificate if eligible. To download the slides and polling questions, click on Resources. If you responded to missed polls in the Q&A, you will be unable to download your certificate. You can return to the event once archived and download the certificate if eligible. 42
51 CPE certificates Click the CPE icon under the presentation slides For group viewing: Click Request CPE Select the number of co-viewers then click Submit Enter group information and check the I attest box On the following page, click the Download Certificate link and certificate will open personnel that have met the requirements do not need to submit for CPE certificates as credit will be automatically posted to (live events only, staff must submit CPE for on demand version) 43
52 Thank you for participating This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers LLP, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it All rights reserved. refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the network. Each member firm is a separate legal entity. Please see for further details.
OVERVIEW INDEX. Our PwC specialists from the National Office and the Human Resource Services (HRS) practice discuss the following topics:
OVERVIEW This recorded webcast provides a basic overview of pension accounting and discusses current developments, proposed new guidance, and challenges in applying the standard. Our specialists from the
More informationStock based compensation guidance to increase income statement volatility (see update note below)
Stock based compensation guidance to increase income statement volatility (see update note below) No. US2016 03 April 19, 2016 (Revised April 25, 2016) What s inside: Background. 1 Key provisions 2 Income
More informationNew Developments Summary
April 12, 2016 NDS 2016-06 New Developments Summary Share-based payments guidance simplified Targeted amendments in ASU 2016-09 eliminate unnecessary complexity Summary The FASB recently issued ASU 2016-09,
More informationShare-Based Payment Accounting Simplifications
Share-Based Payment Accounting Simplifications Executive Summary In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-09 Compensation Stock Compensation
More informationShare-based payments: FASB simplification initiative and common challenges. American Gas Association Accounting Principles Committee August 15, 2016
Share-based payments: FASB simplification initiative and common challenges American Gas Association Accounting Principles Committee August 15, 2016 Agenda ASU 2016-09 changes to current GAAP Practical
More informationFASB Simplifies the Accounting for Share-Based Payment Arrangements With Nonemployees
Heads Up Volume 25, Issue 6 June 21, 2018 In This Issue Background Effective Date Key Provisions of ASU 2018-07 Transition and Related Disclosures FASB Simplifies the Accounting for Share-Based Payment
More informationDefining Issues. FASB Proposes to Simplify Accounting for Share-based Payments. June 2015, No
Defining Issues June 2015, No. 15-28 FASB Proposes to Simplify Accounting for Share-based Payments The FASB recently issued a proposed Accounting Standards Update (ASU) intended to simplify the accounting
More informationFASB Proposes Improvements to the Accounting for Share-Based Payment Arrangements With Nonemployees
Heads Up Volume 24, Issue 8 March 10, 2017 In This Issue Background Key Provisions of the Proposed ASU Effective Date Transition and Related Disclosures Appendix Questions for Respondents FASB Proposes
More informationFinancial Reporting Presents: Share-Based Payment Transactions: Frequently Asked Questions
Financial Reporting Presents: Share-Based Payment Transactions: Frequently Asked Questions Agenda Current Developments Accounting Valuation Income Taxes Questions & Answers Keep In Mind This webcast is
More informationWelcome. Year-End Audit and Accounting Update. Presented by: Stephen Bucker and Sean Prince. November 28, 2018
Welcome Year-End Audit and Accounting Update Presented by: Stephen Bucker and Sean Prince November 28, 2018 2018 Crowe 2018LLP Crowe LLP 1 Housekeeping Please note that all of today s audio is being broadcast
More informationExecutives: What to know about your compensation if your company is sold
Executives: What to know about your compensation if your company is sold Please disable popup blocking software before viewing this webcast Original Publication Date: July 20, 2017 CPE Credit is not available
More informationQuarterly financial reporting update
Quarterly financial reporting update Wednesday, December 20, 2017 12:00 1:00 pm CT We will be starting soon Please disable pop-up blocking software before viewing this webcast CPE Reminders To receive
More informationACCOUNTING FOR STOCK COMPENSATION UNDER FASB ASC TOPIC 718
August 25, 2017 (Originally April 29, 2005) NEW YORK CHICAGO LOS ANGELES SAN FRANCISCO ATLANTA HOUSTON BOSTON ALERT ACCOUNTING FOR STOCK COMPENSATION UNDER FASB ASC TOPIC 718 Overview Financial Accounting
More informationFASB's new credit impairment model: At a loss for what to do The Dbriefs Financial Executives series
FASB's new credit impairment model: At a loss for what to do The Dbriefs Financial Executives series Bob Uhl, Partner, Deloitte & Touche LLP Jon Howard, Partner, Deloitte & Touche LLP Jonathan Prejean,
More informationPrivate Company Financial Reporting Update
Welcome to the Ac sense Private Company Financial Reporting Update The presentation will begin shortly. For technical difficulties, please contact Learn Live Customer Support at: (888) 228-4188 or BDOonline_support@learnlive.com
More informationUNDERSTANDING THE NEW HEDGING STANDARD
UNDERSTANDING THE NEW HEDGING STANDARD February 13, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and
More informationTax reform What s next
Tax reform What s next Original Publication Date: April 10, 2018 CPE Credit is not available for viewing archived programs Please disable pop-up blocking software before viewing this webcast CPE Reminders
More informationQuarterly Accounting Roundup: An update on important developments The Dbriefs Financial Reporting series
Quarterly Accounting Roundup: The Dbriefs Financial Reporting series Second Quarter 2016 Agenda Revenue Financial instruments Share-based payment improvements EITF update FASB standard setting SEC update
More informationFinancial reporting developments. A comprehensive guide. Share-based payment. Revised October 2017
Financial reporting developments A comprehensive guide Share-based payment Revised October 2017 To our clients and other friends ASC Topic 718, Compensation Stock Compensation provides guidance on accounting
More informationKraig Biocraft Laboratories, Inc
SECURITIES & EXCHANGE COMMISSION EDGAR FILING Kraig Biocraft Laboratories, Inc Form: 10-Q Date Filed: 2018-11-13 Corporate Issuer CIK: 1413119 Copyright 2018, Issuer Direct Corporation. All Right Reserved.
More informationAccounting Standards Updates ( ASUs ) effective in 2017 for calendar year-end entities:
Accounting Standards Updates ( ASUs ) effective in 2017 for calendar year-end entities: ASU Title Effective in 2017 for Public, Nonpublic, or Both? ASU 2014-10 Development Stage Entities (Topic 915): Elimination
More informationEITF Roundup: Highlights from the June Meeting
The Dbriefs Financial Reporting series presents: EITF Roundup: Highlights from the June Meeting Bob Uhl, Partner, Deloitte & Touche LLP Adrian Mills, Partner, Deloitte & Touche LLP Jason Nye, Senior Manager,
More informationCertified Equity Professional Institute
Exam Overview Webinars Certified Equity Professional Institute Level 2 Exam Overview Webinar Accounting Certified Equity Professional Institute 2011 http://cepi.scu.edu The information presented herein
More informationSummary of Key Concepts
Heads Up Audit and Enterprise Risk Services April 13, 2004 Vol. 11, Issue 2 In This Issue: Introduction Summary of Key Concepts Comment Period and Final Thoughts Appendix: Questions and Answers Related
More informationהכנס השנתי לכללי חשבונאות בינלאומיים ואמריקאים
הכנס השנתי לכללי חשבונאות בינלאומיים ואמריקאים חדשות ועדכונים מרשות ניירות ערך בארצות הברית )SEC( רונן מנשס, שותף, ראש המחלקה המקצועית 12 בדצמבר 2016 Agenda Major FASB Pronouncements Revenue recognition-
More informationDisclaimer. EY Webcast: SEC comments and trends. Page 1
Disclaimer This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for
More informationAccounting for Financial Instruments: A Comprehensive Update on the Joint Project
The Dbriefs Financial Reporting series presents: Accounting for Financial Instruments: A Comprehensive Update on the Joint Project Robert Uhl, Partner, Deloitte & Touche LLP Magnus Orrell, Director, Deloitte
More informationAN OFFERING FROM BDO S NATIONAL ASSURANCE PRACTICE SIGNIFICANT ACCOUNTING & REPORTING MATTERS
AN OFFERING FROM BDO S NATIONAL ASSURANCE PRACTICE SIGNIFICANT ACCOUNTING & REPORTING MATTERS Significant Accounting & Reporting Matters Second Quarter 2011 1 FIRST QUARTER 2016 BDO is the brand name for
More informationCurrent Developments New GAAP Requirements and Effect on Accounting for Income Taxes
Current Developments New GAAP Requirements and Effect on Accounting for Income Taxes Greg Pfahl/John Monahan December 8, 2016 New Revenue Recognition Standard Replacing industry-specific guidance, the
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationA World of Difference: Exploring Stock-Based Accounting Standards and the Impact of New Guidance
A World of Difference: Exploring Stock-Based Accounting Standards and the Impact of New Guidance Garry Devine, Account Manager, Global Equity Plan Administrator, Horizon Pharma Raul Fajardo, Customer Support
More informationPricewaterhouseCoopers Current Accounting and Reporting Developments Webcast Q September 14, 2009
Current Accounting and Reporting Developments Webcast Q3 2009 September 14, 2009 Current Accounting and Reporting Developments Webcast Steve Meisel SEC Services Leader CPE & Evaluation In order to receive
More informationAmerican Gas Association Accounting Principles Committee Accounting and other issues related to M&A activity
www.pwc.com American Gas Association Accounting Principles Committee Accounting and other issues related to M&A activity August 14, 2017 Accounting and other issues related to M&A activity David Humphreys
More informationRevenue Recognition: A Comprehensive Update on the Joint Project
The Dbriefs Financial Reporting series presents: Revenue Recognition: A Comprehensive Update on the Joint Project Bob Uhl, Deloitte & Touche LLP Mark Crowley, Deloitte & Touche LLP Bryan Anderson, Deloitte
More informationFSP FAS 123(R)-f PROPOSED FASB STAFF POSITION. No. FAS 123(R)-f. Title: Technical Corrections of FASB Statement No. 123(R)
PROPOSED FASB STAFF POSITION No. FAS 123(R)-f Title: Technical Corrections of FASB Statement No. 123(R) Comment Deadline: September 2, 2006 Introduction 1. This FASB Staff Position (FSP) addresses certain
More informationQuarterly Accounting Roundup: An Update of
The Dbriefs Financial Reporting series presents: Quarterly Accounting Roundup: An Update of Important Developments Bob Uhl, Deloitte & Touche LLP Alfred Popken, Deloitte & Touche LLP Elsye Putri, Deloitte
More informationQuarterly accounting roundup: An update on Q important developments The Dbriefs Financial Reporting series
Quarterly accounting roundup: An update on Q2 2017 important developments The Dbriefs Financial Reporting series Robert Uhl, Partner, Deloitte & Touche LLP Chris Chiriatti, Managing Director, Deloitte
More informationIndustry Outlook: Tax Reform s Impact on Manufacturing
Industry Outlook: Tax Reform s Impact on Manufacturing Please disable pop-up blocking software before viewing this webcast Wednesday Jun 13, 2018 3:00 PM ET 1 CPE credit CPE reminders To receive CPE, you
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q
10-Q 1 ptsi20180930_10q.htm FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
More informationNot-for-Profit Year-End Accounting Update A road map to upcoming changes. December 5, 2017
Not-for-Profit Year-End Accounting Update A road map to upcoming changes December 5, 2017 2017 Crowe 2017 Crowe Horwath Horwath LLP LLP Housekeeping All phones will be automatically muted upon entering
More informationTax reform s major impact on compensation & benefits
Tax reform s major impact on compensation & benefits Original Publication Date: January 10, 2018 CPE Credit is not available for viewing archived programs Please disable pop-up blocking software before
More informationIssue Brief Get Ready for Big Changes in Deferred Tax Accounting
Issue Brief Get Ready for Big Changes in Deferred Tax Accounting We ve been actively watching FASB s deliberations pertaining to forthcoming revisions to ASC 718. As we help organizations unpack what the
More informationPlease disable pop-up blocking software before viewing this webcast. The state of tax reform: What. to know. December 15, 2017.
Please disable pop-up blocking software before viewing this webcast The state of tax reform: What to know December 15, 2017 2-3:00 pm ET CPE Reminders To receive CPE, you must be active for the entire
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q/A Amendment No. 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A Amendment No. 1 Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly
More informationTel: ey.com
Ernst & Young LLP 5 Times Square New York, NY 10036 Tel: +1 212 773 3000 ey.com Ms. Susan M. Cosper Technical Director File Reference No. 2017-220 Financial Accounting Standards Board 401 Merritt 7 P.O.
More informationLiabilities & Equity Targeted Improvements
Liabilities & Equity Targeted Improvements July 19, 2016 Private Company Council (PCC) 1 EITF 07-5 Requires liability classification for instruments with down round features (strike price adjusts down
More informationCompensation Stock Compensation (Topic 718)
No. 2018-07 June 2018 Compensation Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting An Amendment of the FASB Accounting Standards Codification The FASB Accounting
More informationHighlights of the September EITF Meeting
Financial Reporting Presents: Highlights of the September EITF Meeting September 13, 2006 Agenda 1. Consensuses Reached: Consideration Given by Service Providers Purchases of Life Insurance Endorsement
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationJune 5, Susan Cosper, Technical Director Financial Accounting Standards Board 401 Merritt 7, PO Box 5116 Norwalk CT
Re: File Reference No. Dear Ms. Cosper, Thank you and the FASB Board for the opportunity to provide public comment to the FASB s Exposure Draft, Compensation- Stock Compensation (Topic 718): Improvements
More informationAre You IFRS Ready? Frank Brod Corporate Vice President, Finance & Administration Chief Accounting Officer Microsoft Corporation
Are You IFRS Ready? Frank Brod Corporate Vice President, Finance & Administration Chief Accounting Officer Microsoft Corporation Agenda IFRS Overview FASB and IASB Convergence Activity Memorandum of Understanding
More informationORIGINAL PRONOUNCEMENTS
Financial Accounting Standards Board Statement of Financial Accounting Standards No. 123 (revised 2004) Share-Based Payment ORIGINAL PRONOUNCEMENTS AS AMENDED Copyright 2008 by Financial Accounting Standards
More information2014 ANNUAL GOVERNMENTAL GAAP UPDATE POLL QUESTIONS
We appreciate your participation in the interactive polling segments that will be displayed throughout today s presentation. During the poll segments the poll questions will move along at a rapid pace
More informationKraig Biocraft Laboratories, Inc
SECURITIES & EXCHANGE COMMISSION EDGAR FILING Kraig Biocraft Laboratories, Inc Form: 10-Q Date Filed: 2017-08-14 Corporate Issuer CIK: 1413119 Copyright 2017, Issuer Direct Corporation. All Right Reserved.
More informationDonnelley Financial Solutions, Inc. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationHedge accounting: Simplifying the accounting for hedging activities
Hedge accounting: Simplifying the accounting for hedging activities The Dbriefs Financial Executives series Bob Uhl, Partner, Deloitte & Touche LLP Jon Howard, Partner, Deloitte & Touche LLP Bill Fellows,
More informationFASB Update. Jaime Dordik. Assistant Project Manager, FASB. March 27, 2017
FASB Update Jaime Dordik Assistant Project Manager, FASB March 27, 2017 FASB Staff Disclaimer Expressions of individual views by members of the FASB and staff are encouraged. The views expressed in this
More informationMedia & Entertainment Spotlight Navigating the New Revenue Standard
July 2014 Media & Entertainment Spotlight Navigating the New Revenue Standard In This Issue: Background Key Accounting Issues Effective Date and Transition Transition Considerations Thinking Ahead The
More informationFASB: Simplification Initiative
FASB: Simplification Initiative December 8, 2017 Karen Oxner FROM THE CHAIRMAN'S DESK: BY RUSSELL G. GOLDEN, FASB CHAIRMAN REDUCING UNNECESSARY COMPLEXITY IN FINANCIAL REPORTING Reducing unnecessary complexity
More informationFASB Makes Targeted Improvements to the Accounting for Certain Long- Duration Insurance Contracts
Insurance Spotlight August 2018 In This Issue Introduction Scope Liability for Future Policy Benefits Related to Certain Insurance Contracts Contracts or Contract Features That Provide for Potential Benefits
More informationQuarterly Accounting Update
Quarterly Accounting Update March 15, 2005 Agenda Guidance You Need to Know Now: Share-Based Payment Current Leasing Issues Income Taxes Conditional Asset Retirement Obligations Accounting Changes Other
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationSTAT / GAAP Update. April 26, 2018
STAT / GAAP Update April 26, 2018 Agenda STAT NAIC update Insurance statutory reporting GAAP ASU 2016-01, Recognition and measurement of financial assets and financial liabilities Financial instruments
More informationQuarterly Accounting Roundup: An Update of Important Developments
The Dbriefs Financial Reporting series presents: Quarterly Accounting Roundup: An Update of Important Developments Bob Uhl, Deloitte & Touche LLP Joe DiLeo, Deloitte & Touche LLP Lyndsey McAlister, Deloitte
More informationAgenda Modifications Non-employee Accounting Unexpected Volatility Swings Q&A
Accounting Oddities Tracey Berthcsi, CEP, Brandywine Realty Trust Julie Kenia, CEP, Stock & Option Solutions Steve Laskowski, CEP, Prudential Elizabeth Stoudt, CEP, Aon Agenda Modifications Non-employee
More informationBIRNER DENTAL MANAGEMENT SERVICES, INC. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
More informationExpense recognition of nonemployee awards with graded vesting
On the Horizon March 2, 2017 Contents Current reporting issue... 1 Expense recognition of nonemployee awards with graded vesting... 1 FASB... 3 ASU 2017-05 clarifies nonfinancial asset derecognition guidance...
More informationQuarterly Accounting Roundup: An Update of Important Developments
Financial Reporting Presents: Quarterly Accounting Roundup: An Update of Important Developments Jim Johnson Georganne Gage Walters Randall Sogoloff Vince Smith April 12, 2006 Agenda Accounting for Certain
More informationFASB s targeted improvements to hedge accounting: Smoother sailing ahead? The Dbriefs Financial Reporting series
FASB s targeted improvements to hedge accounting: Smoother sailing ahead? Robert Uhl, Partner, Deloitte & Touche LLP Mark Bolton, Managing Director, Deloitte & Touche LLP Jonathan Howard, Partner, Deloitte
More informationFinancial reporting update
Financial reporting update Recap of the 2016 AICPA Conference on Current SEC and PCAOB Developments January 2017 Please disable popup blocking software before viewing this webcast Original Publication
More informationAccounting and Financial Reporting Developments for Public Companies
Accounting and Financial Reporting Developments for Public Companies YEAR-END UPDATE 2017 The Quarterly Newsletter is a quarterly publication from EKS&H s Technical Accounting and Auditing Group. In the
More informationEITF Roundup: Highlights from the January Meeting
The Dbriefs Financial Reporting series presents: EITF Roundup: Highlights from the January Meeting Stuart Moss, Partner, Deloitte & Touche LLP Adrian Mills, Partner, Deloitte & Touche LLP Bryan Benjamin,
More informationFASB s Proposal to Narrow Equity: More Liabilities on Company Balance Sheets
The Financial Reporting series presents: FASB s Proposal to Narrow Equity: More Liabilities on Company Balance Sheets Tom Linsmeier, Financial Accounting Standards Board (FASB) Robert Uhl, Deloitte & Touche
More informationAgenda / Learning Objectives
Audit and Accounting Update: Navigating Uncharted Waters Tyler Bernier, CPA, CHFP August 18, 2016 Agenda / Learning Objectives Understand significant FASB and GASB Standards changes Consider the effects
More informationMastering Mind numbing Modifications
Disclaimer Mastering Mind numbing Modifications Elizabeth Dodge, CEP, Stock & Option Solutions, Inc. Raul Fajardo, CEP, Qualcomm, Inc. Nathan O Connor, Equity Methods, LLC The following discussion and
More informationCompensation Committee - How Is Your Organization Managing Your Global Equity Compensation Risk? CPE and Support 4/10/2017.
Compensation Committee - How Is Your Organization Managing Your Global Equity Compensation Risk? April 2017 The presentation will begin shortly. Learn Live Customer Support at: (888) 228-4188 or BDOonline_support@learnlive.com
More informationInterpreting the LB&I Directive on ASC 730 Safe Harbor for R&D credits
Interpreting the LB&I Directive on ASC 730 Safe Harbor for R&D credits Please disable pop-up blocking software before viewing this webcast November 29, 2017 3:00pm 4:30pm ET 1.5 CPE Credits CPE Reminders
More informationWhat is new on IFRS?
www.pwc.com.br What is new on IFRS? Agenda 1. What s new for 2014 2. What is in the pipeline IFRS 15 Revenue from contract with customers IFRS 9 Financial instruments IAS 41 Amendments ( bearer plants
More informationACCOUNTING STANDARDS UPDATE
ACCOUNTING STANDARDS UPDATE Gordon J. Dobner, CPA, Partner BKD, LLP gdobner@bkd.com 713-499-4605 Objectives: 1. Review significant upcoming new accounting standards 2. Examine the level of potential impact
More informationRecognition Transition Resource Group 2015 Update
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company BDO KNOWLEDGE limited by guarantee, Webinar Series and forms Revenue part of the Recognition
More informationContents. PricewaterhouseCoopers Slide 2
Update of US and IFRS Mining GAAP September 23 rd, 2010 Presenters: Paul Fitchett James Terry Contents - Convergence Timeline - IFRS Standards Effective in 2010 - US GAAP Standards Effective in 2010 -
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationCOMPLEXITIES FOR LONG-TERM CARE
The New World of Revenue Recognition, ASC 606 COMPLEXITIES FOR LONG-TERM CARE June 27, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK
More informationSpeaker Bio Cline Comer
AICPA Revision Project Audit and Accounting Guide, Health Care Organizations FICPA Annual Health Care Conference April 28-29, 2011 C. Cline Comer, CPA 1 Speaker Bio Cline Comer Cline Comer is a Partner
More informationCECL Current technical developments Part II
CECL Current technical developments Part II Current Developments in FASB s Current Expected Credit Loss Model December 11, 2018 We will be starting soon Please disable pop-up blocking software before viewing
More informationACCOUNTING FOR DEBT AND EQUITY INSTRUMENTS IN FINANCING TRANSACTIONS
ACCOUNTING FOR DEBT AND EQUITY INSTRUMENTS IN FINANCING TRANSACTIONS Prepared by: RSM US LLP National Professional Standards Group Faye Miller, Partner, faye.miller@rsmus.com, +1 410 246 9194 Monique Cole,
More informationIAS 39, Financial Instruments: Recognition and Measurement. 3. IASB Exposure Draft, Hedge Accounting. 4
October 16, 2012 Volume 19, Issue 27 Heads Up In This Issue: Background Hedging Instruments Hedged Items Qualifying Criteria for Applying Hedge Accounting Accounting for Qualifying Hedges Modifying and
More informationAccounting Standards Updates on the Horizon: What You Need to Know
Accounting Standards Updates on the Horizon: What You Need to Know Presenters Frank Jakosz, CPA, CGMA Partner-in-Charge Not-for-Profit and Higher Education Practices Sikich LLP Melisa Galasso, CPA, CGMA
More informationMay 5, Ms. Susan Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT
May 5, 2017 Ms. Susan Cosper Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT 06856-5116 Re: File Reference No. 2017-200 Dear Ms. Cosper: PricewaterhouseCoopers
More informationGeneral GAAP & Regulatory Update
General GAAP & Regulatory Update EEI / AGA Spring Accounting Conference 23 May 2017 Disclaimer This presentation is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide
More informationWest Town Bancorp, Inc.
Report on Consolidated Financial Statements Contents Page Independent Auditor's Report... 1-2 Consolidated Financial Statements Consolidated Balance Sheets... 3 Consolidated Statements of Income... 4 Consolidated
More informationMusclePharm Corporation (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended:
More informationpwc.com/ifrs In depth New IFRSs for 2018
pwc.com/ifrs In depth New IFRSs for 2018 March 2018 Inform Accounting and auditing research at your fingertips inform.pwc.com Online resource for finance professionals worldwide. Use Inform to access the
More informationAccounting, Financial Reporting and Regulatory Developments for Public Companies
Accounting, Financial Reporting and Regulatory Developments for Public Companies SECOND QUARTER UPDATE 2017 The Quarterly Newsletter is a quarterly publication from EKS&H s Technical Accounting and Auditing
More informationCompensation Stock Compensation (Topic 718)
Proposed Accounting Standards Update Issued: November 17, 2016 Comments Due: January 6, 2017 Compensation Stock Compensation (Topic 718) Scope of Modification Accounting The Board issued this Exposure
More informationCasualty Loss Reserve Seminar Roll-forward reserve estimates September 15, 2014
www.pwc.com 2014 Casualty Loss Reserve Seminar Roll-forward reserve estimates Agenda Section 1 Auditor s responsibilities Section 2 Testing loss and loss adjustment expense reserves Section 3 Audit approach
More informationWelcome ACM/BDO Year-End Update Accounting & FASB Update
Welcome ACM/BDO Year-End Update Accounting & FASB Update Tim Stueven, CPA, CGMA Ethan Low Topics FASB Update Final ASUs issued in 2016 FASB Update Previously issued ASUs effective for 2016 Questions 2
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationEITF Roundup: Highlights from the March Meeting
The Dbriefs Financial Reporting series presents: EITF Roundup: Highlights from the March Meeting Bob Uhl, Partner, Deloitte & Touche LLP Adrian Mills, Partner, Deloitte & Touche LLP Sean St. Germain, Senior
More informationC ONSOLIDATED F INANCIAL S TATEMENTS. Billing Services Group Limited Years Ended December 31, 2010 and 2009 With Report of Independent Auditors
C ONSOLIDATED F INANCIAL S TATEMENTS Billing Services Group Limited Years Ended December 31, 2010 and 2009 With Report of Independent Auditors Ernst & Young LLP Consolidated Financial Statements Years
More information