This document was updated on December 14 to reflect the release of two ASUs: one on crypto assets and one on income tax disclosures.
To view the full text, launch or detach the following PDF file: To view the full text, launch or detach the following PDF file: The quarter close - fourth quarter 2023 (PDF 525kb)
With another year-end reporting season drawing near, this edition of The quarter close features year-end reminders on perennial favorites, including SEC reporting, income taxes, and the statement of cash flows. The regulators and standard setters shared their year-end messages at the annual AICPA & CIMA Conference on Current SEC and PCAOB developments – check out our In depth for the key takeaways.
In regulatory developments, we cover the latest news on sustainability reporting, with a focus on the climate legislation recently passed in California. We also provide updates on global sustainability reporting frameworks with links to the resources you need to determine how these requirements could impact your company.
As expected, this quarter the FASB issued final guidance on segment reporting, crypto assets, and income tax disclosures. As these projects wrap up, the FASB has added three new projects to its agenda: accounting for government grants, targeted improvements to the statement of cash flows, and refinements to the scope of the derivatives guidance. Lastly, we highlight recent decisions on the accounting for environmental credit programs.
In this edition of The quarter close, we highlight these and other relevant accounting and reporting topics you should consider as you close out the fourth quarter of 2023.

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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