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<rss version="2.0"><channel><title><![CDATA[PwC's CFOdirect]]></title><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf</link><description><![CDATA[CFOdirect content and updates]]></description><copyright><![CDATA[(c) 2000-2009 PricewaterhouseCoopers LLP. All rights reserved. "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, a Delaware limited liability partnership, or as the context requires, the PricewaterhouseCoopers global network or other member firms of the network each of which is a separate and independent legal entity.]]></copyright><language>en-us</language><lastBuildDate>Fri, 20 Nov 2009 22:00:00 EST</lastBuildDate><ttl>240</ttl><image><url>http://cfodirect.pwc.com/CFODirectWeb/resources/images/rssbanner2.gif</url><title>CFOdirect Network</title><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf</link></image><skipDays><day>Saturday</day><day>Sunday</day></skipDays><skipHours><hour>6</hour><hour>7</hour><hour>8</hour><hour>9</hour><hour>10</hour><hour>11</hour><hour>12</hour></skipHours><item><title><![CDATA[DataLine 2009-49: Changes Being Considered to Financial Instruments Accounting]]></title><description><![CDATA[The FASB and IASB are jointly reconsidering all aspects of financial instrument accounting, including impairment and hedge accounting. However, the FASB and IASB are working to different timetables and have expressed fundamentally different viewpoints. The FASB is working towards issuing an exposure draft on all aspects of financial instrument accounting in the first quarter of next year and a final standard in late 2010. So far, the tentative decisions reached by the FASB on the recognition and measurement of financial instruments are expected to have a significant impact on many companies. This DataLine discusses the status of the financial instrument project based on the FASB's tentative decisions and provides PwC's insights on selected matters.	]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXPNA&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXPNA&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[IFRS for SMEs: A less taxing standard?]]></title><description><![CDATA[This PwC article highlights key provisions of the income tax accounting guidance contained in the IFRS standard for small and medium-sized entities. The article provides comparison to existing IFRS, the IASB's proposed exposure draft on income taxes and US GAAP, as well as PwC's observations regarding the potential impact of these provisions within IFRS for SMEs.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XXK6U&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XXK6U&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[DataLine 2009-48: Financial Statement Presentation -- A Project Update]]></title><description><![CDATA[Since the FASB and IASB issued a Discussion Paper (DP) last year setting out their preliminary views on financial statement presentation, they have received over 200 comment letters, conducted two field-tests, and completed a research study. Recently, the boards began discussing the initial feedback they've received and are working towards formulating their formal overhaul proposal, which they expect to release in the second quarter of 2010. This DataLine provides a high-level overview of the DP, identifies key matters raised in the comment letters, and highlights key issues and tentative decisions reached to date by the boards.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXN9C&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXN9C&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Breaking News: EITF Proposes Changes to the Types of Costs that Insurance Companies May Capitalize]]></title><description><![CDATA[The FASB's Emerging Issues Task Force (EITF) today reached a consensus-for-exposure related to the definition and types of costs that should be considered acquisition costs by insurance entities. Currently acquisition costs include those costs that vary with and are primarily related to the acquisition of insurance contracts. This definition has been interpreted in different ways, resulting in diversity in practice in terms of the types of costs that are being capitalized. The EITF proposal would redefine acquisition costs as those costs that are "directly related" to the acquisition of new and renewal insurance contracts. The change could be significant for insurance companies.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXUQ8&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXUQ8&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Simplifying Your Industrial Business]]></title><description><![CDATA[Many industrial products companies are diverse businesses, with multiple divisions operating in a number of different countries and regions. These businesses often have a wide-ranging, complicated structure of legal entities supporting them. Board members and stakeholders are often surprised by the extent and complexity of such structures, which may in some cases be counter to the strategic intent of the organization. In this paper PwC shares its views on reducing the legal entity footprint and achieving sustainable cost reductions and efficiency gains through a closer alignment between a simplified management model and simplified legal structures.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=FSAE-7XMMJM&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=FSAE-7XMMJM&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[DataLine 2009-50: SEC Staff Updates Its Guidance Related to Business Combinations and Noncontrolling Interests]]></title><description><![CDATA[The SEC staff issued Staff Accounting Bulletin No. 112 (SAB 112) to rescind or amend, as appropriate, its previous guidance to align it with the current standards on business combinations and noncontrolling interests. This DataLine highlights the more significant aspects of the changes resulting from the issuance of SAB 112. The new guidance impacts the treatment of acquisition costs, as well as the accounting for certain assets and liabilities recorded in a business combination. It also affects the accounting for the divestiture of some or all of a subsidiary, and the application of "push down" accounting in a subsidiary's separate financial statements. The DataLine offers practical examples with PwC's insights on the accounting considerations.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXQ87&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XXQ87&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[2009/2010 US Human Capital Effectiveness Report]]></title><description><![CDATA[This annual PwC Saratoga report contains data from more than 300 organizations and combines objective data and analysis to help organizations evaluate workforce performance and increase their return on human capital investment. The key issues analyzed in the executive summary include: workforce productivity, workforce turnover, generational changes, talent acquisition, workforce costs and impact of the economy on HR.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XXJQD&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XXJQD&amp;rss=true</guid><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Reversing Course?]]></title><description><![CDATA[With venture capital investments in the tech sector down for the first six months of 2009, the life sciences industry offered one of the few bright spots during tough economic times. This PwC report looks at how the life sciences sector is performing and the factors influencing its success.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=FSAE-7XJMW4&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=FSAE-7XJMW4&amp;rss=true</guid><pubDate>Wed, 18 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[DataLine 2009-47: EMMA: "Electronic Municipal Market Access" System]]></title><description><![CDATA[The Electronic Municipal Market Access System (EMMA), a new Internet-based system, allows "one-stop shopping" for municipal bond offering documents, periodic disclosure documents, and real-time pricing information. Through EMMA, investors in municipal securities can obtain information virtually real-time, free of charge (similar to the level of information available through EDGAR for SEC-registered securities). EMMA is part of the overall regulatory push to improve transparency and disclosure in the $2.7 trillion dollar bond market. This DataLine discusses EMMA in further detail]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XVRGM&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XVRGM&amp;rss=true</guid><pubDate>Tue, 17 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Point of View: The future of leasing]]></title><description><![CDATA[The FASB and IASB appear ready to require all leases, not just capital leases, to appear on the balance sheet. As a result, the impact on lessee financial reporting, equipment financing, IT, systems, and controls could be substantial. While deliberations are ongoing and some details have yet to be determined, the model outlined in the March 2009 FASB/IASB discussion paper addresses many criticisms of current lessee accounting and appears to have solid standard-setter support. PwC recommends that companies start analyzing and anticipating the potential impact of all leased assets being reflected on their balance sheets. This PwC Point of View paper discusses how the change would impact companies.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQT6Z&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQT6Z&amp;rss=true</guid><pubDate>Thu, 12 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Model Risk Mitigation and Cost Reduction Through Effective Design]]></title><description><![CDATA[While most of the recent efforts by financial services companies, their regulators, boards of directors, and other constituents focused on strengthening independent model validation programs, this PwC paper offers ideas on how to combat model risk at an earlier stage of the model life cycle -- the design phase. PwC provides practical recommendations on how to design model production systems in a manner that minimizes model risks and reduces model validation and maintenance costs.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQNGB&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQNGB&amp;rss=true</guid><pubDate>Thu, 12 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Mergers & Acquisitions - A snapshot: Acquired assets not intended to be used: You may need to record them, even if you don't use them! (November 2009)]]></title><description><![CDATA[In many M&A transactions, a buyer may acquire assets it does not intend to use. Prior to the M&A Standards, buyers generally would assign little or no value to assets that are not intended to be used when accounting for an M&A transaction. Now, such assets are required to be recognized at fair value from a market participant perspective, even if that perspective differs from that of the actual buyer. One common type of asset that a buyer does not intend to actively use that is receiving considerable attention is called a "defensive asset." In this volume of Mergers & Acquisitions - A snapshot, PwC focuses on some of the issues companies may face when initially recognizing, measuring and subsequently accounting for defensive assets.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQPL4&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQPL4&amp;rss=true</guid><pubDate>Thu, 12 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Register for PwC's Webcast: "It pays to go green and Build America" - November 23]]></title><description><![CDATA[Governments around the globe have implemented initiatives to spur economic growth and incent companies to go green -- particularly in emerging industries like renewable energy. There are more green and stimulus tax credits and deductions than ever before, but companies may be unaware of the benefits and the potential impacts these opportunities may have on financial reporting. Join PwC for a 90-minute webcast on Monday, November 23, 2009 from 2:00 - 3:30 p.m. ET when we will discuss the range of new green and stimulus incentives and help you connect what programs might be available to you.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XR37V&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XR37V&amp;rss=true</guid><pubDate>Thu, 12 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Global Best Practices® Roadmap: Identify and increase efficiencies in the Accounts Payable process]]></title><description><![CDATA[How can you develop a roadmap that would take you from your current performance to the suggested, more optimal way to manage the accounts payable process? Compare your company's overall accounts payable process with that of other companies. As a member of CFOdirect, you are invited to participate until <b>December 10</b> in the accounts payable benchmarking tool at no cost to your company. This benchmarking tool examines 25 performance measures in 3 key areas: Cost; Processing cycles, methods and error rates; and Vendor Utilization. For your participation, you will receive a custom benchmark report comparing your company's performance to our benchmark group of other large, multi-national peers.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQLNQ&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQLNQ&amp;rss=true</guid><pubDate>Thu, 12 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Measuring the Impact of Key International Tax Proposals: The importance of modeling]]></title><description><![CDATA[Modeling can help companies understand the potential impact of the Administration's key international tax proposals. Once the modeling has been completed, a company can consider how its tax liability could change -- both on a short-term (cash) basis and a longer-term (effective tax rate) basis.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQNT6&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=MSRA-7XQNT6&amp;rss=true</guid><pubDate>Thu, 12 Nov 2009 00:00:00 EST</pubDate></item><item><title><![CDATA[Breaking News: FASB to Propose Deferral of FAS 167 for Certain Investment Entities and Amended Guidance on Whether Certain Fees Represent a Variable Interest]]></title><description><![CDATA[At today's FASB meeting, the Board decided to propose a deferral of FAS 167, Amendments to FASB Interpretation No. 46(R), for asset managers that would allow them to apply the current accounting guidance to investment entities that have the attributes of entities subject to ASC 946 (the "investment company guide"). However, as proposed, an investment entity would not be eligible under the deferral if the asset manager has an obligation to fund potentially significant losses of the entity or has an interest in the entity that absorbs a disproportionate share of the entity’s losses. The FASB also decided to propose amendments to its guidance on whether a decision-maker or service-provider’s fee represents a variable interest.]]></description><link>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XPNXD&amp;rss=true</link><author><![CDATA[webmaster@cfodirect.com]]></author><guid>http://cfodirect.pwc.com/CFODirectWeb/Controller.jpf?ContentCode=AALN-7XPNXD&amp;rss=true</guid><pubDate>Wed, 11 Nov 2009 00:00:00 EST</pubDate></item></channel></rss>
