On the Radar

A brief, high-level summary of emerging issues and trends related to the accounting and financial reporting topics addressed in Deloitte’s Roadmaps.

Related Publications

On the Radar — SEC reporting considerations for business acquisitions

31 Aug 2023

For many companies, M&A transactions are infrequent yet often substantial events with potentially significant consequences. Given their complexity, they can also present a number of accounting and financial reporting challenges and opportunities. SEC registrants planning an acquisition may wish to consider the key requirements discussed in this publication.

On the Radar — SEC reporting considerations for guarantees and collateralizations

28 Aug 2023

SEC registrants may issue a variety of debt or debt-like securities to finance their operations. In certain cases, a registrant may offer credit enhancement arrangements under which (1) subsidiaries of the registrant guarantee the debt or debt-like securities or (2) the registrant pledges the securities of its affiliates as collateral. In addition, for various reasons, a subsidiary of the registrant (rather than the registrant) may issue debt or debt-like securities. While these structures or credit enhancement arrangements may be beneficial from a cost-of-capital perspective, registrants should consider the SEC reporting implications under SEC Regulation S-X, Rules 3-10, 3-16, 13-01, and 13-02, and related complexities. This publication briefly summarizes key issues and developments related to this topic.

On the Radar — Current expected credit losses

22 Aug 2023

We’re pleased to present the 2023 edition of On the Radar: Current expected credit losses. This publication briefly summarizes key issues related to determining a company’s SEC reporting obligations for significant equity method investees.

On the Radar — SEC reporting considerations for equity method investees (August 2023)

18 Aug 2023

This publication briefly summarizes key issues related to determining a company’s SEC reporting obligations for significant equity method investees.

On the Radar — Comparing IFRS Accounting Standards and U.S. GAAP: Bridging the differences

08 Aug 2023

Although U.S. GAAP and IFRS® Accounting Standards are built on largely similar concepts and often lead to similar accounting outcomes, there are many differences in the specific accounting requirements. Therefore, it can be difficult to directly compare financial statements that have been prepared under these different standards. This publication briefly summarizes key issues and developments related to this topic.

On the Radar — Earnings per Share

21 Jul 2023

This publication summarizes key topics related to the accounting for and disclosure of earnings per share.

On the Radar — Statement of cash flows

17 Jul 2023

This publication briefly summarizes key issues and developments related to the accounting guidance on this topic, primarily that in ASC 230.

On the Radar — Fair Value Measurements and Disclosures (Including the Fair Value Option)

27 Jun 2023

This publication briefly summarizes key issues and developments related to applying the accounting and disclosure guidance in ASC 820 and ASC 825.

On the Rader — Derivatives

18 May 2023

This publication briefly summarizes key issues and developments related to derivative accounting, including the identification, recognition, and measurement of derivatives instruments, including embedded derivatives.

On the Radar — Transfers and Servicing of Financial Assets

12 May 2023

Determining whether a transfer of financial assets or servicing rights qualifies as a sale for financial reporting purposes can be time-consuming and complex. An entity must consider both the form and substance of the transfer. As part of such an analysis, the entity would evaluate relevant legal and accounting rules and interpretations and generally must consult legal experts. The outcome of this analysis could significantly affect the classification, measurement, and earnings impact of the transaction as well as the related financial statement ratios. This guidance has not significantly changed for more than a decade, and no changes are expected in the near term.

On the Radar — Distinguishing Liabilities From Equity

03 Apr 2023

Entities raising capital must apply the highly complex, rules-based guidance in U.S. GAAP to determine whether the securities they issue are classified as liabilities, permanent equity, or temporary equity. To reach the proper accounting conclusion, they must consider key questions regarding the appropriate unit of accounting, whether the instrument contains certain obligations, and whether such obligations (if they exist) are conditional or unconditional.

On the Radar — Convertible Debt (Before Adoption of ASU 2020-06)

03 Apr 2023

An entity that raises capital by issuing a convertible debt instrument must apply complex financial reporting requirements in U.S. GAAP. To properly account for such an instrument, an entity must consider key questions related to the appropriate unit of account and accounting model, the subsequent recognition and measurement of the debt, the accounting for modifications or settlement of the instrument, and the required financial statement disclosures.

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On the Radar

Related Publications

On the Radar — SEC reporting considerations for business acquisitions

On the Radar — SEC reporting considerations for guarantees and collateralizations

On the Radar — Current expected credit losses

On the Radar — SEC reporting considerations for equity method investees (August 2023)

On the Radar — Comparing IFRS Accounting Standards and U.S. GAAP: Bridging the differences

On the Radar — Earnings per Share

On the Radar — Statement of cash flows

On the Radar — Fair Value Measurements and Disclosures (Including the Fair Value Option)

On the Rader — Derivatives

On the Radar — Transfers and Servicing of Financial Assets

On the Radar — Distinguishing Liabilities From Equity

On the Radar — Convertible Debt (Before Adoption of ASU 2020-06)

Correction list for hyphenation