2014 ARM SUMMARY OF CHANGES Final PDF

ASSURANCE SERVICES/2014
ARM
SUMMARY OF NOTEWORTHY CHANGES
ARM 2014
1001 National Professional Services Group

No significant changes
1086 Disposal Activities, Exit Costs, and Restructuring Changes

Selected sections moved to FSP. References are included in the sections as applicable.
.47 Updated to add reference to SEC Sections 3150.2205 and 31050.9 for discussion of
Form 8-K 2.05, Costs Associated with Exit or Disposal Activities.
1160 Consolidation of Financial Statements

1163 Equity Method of Accounting for Investments

1170 Accounting for changes of Interest in Consolidation under the Equity Method
1175 Accounting for the Intercompany Profits in Consolidation and under the Equity
Method
1180 Joint Ventures

1300 Nonmonetary Transactions (Exchanges)

.17 Added guidance relative to disposing of assets in exchange for capital stock
(previously in ARM 5520.54).
.18 Added guidance relative to accounting by a noncontrolling interest shareholder for assets
received in a nonmonetary transaction with the investee company (previously in
ARM 5520.56).
.19 Added guidance relative to acquiring property for capital stock (previously in
ARM 5520.6).
1470 Limited Partnerships

3500 Revenue
3540 Interest on Receivables and Payables

3560 Impairment of a Loan

.45 Updated guidance relative to ASU 2014 04 Receivables Troubled debt restructurings
by creditors.
3770 Long-Term Contracts

1
ARM
3800 Inventory Costing

3805 LIFO Inventories

4270 Pension Costs

4283 Pension and Other Employee Benefit Plans - Accounting

4300 Deferred Compensation Agreements

4350 Employee Stock Ownership Plans (ESOPs)

4380 Postretirement Benefits Other than Pensions (OPEBs)

4390 Other Employment Benefit Arrangements

4500 Property Plant and Equipment

4560 Environmental Costs

4580 Asset Retirement Obligations

4650 Accounting for Leases FAS 13

.134 Clarified section relative to accounting when the lessee continues to use the asset upon
termination of a lease.
.252 Clarified section relative to BTS minor scope-out numerator calculation.
.5232 Clarified section relative to seller lessee indemnity for pre-existing environmental
contamination to buyer lessor.
4740 Capitalization of Interest Costs

5010 Certain Investments in Debt and Equity Securities

2
ARM
5020 Insurance
5100 Research and Development

5120 Start-Up (Preopening) Costs

5130 Deferred Advertising Costs

5140 Capitalized Costs of Internal-use Software

5360 Contingencies and Commitments

9592 Health Care

9632 Insurance: Accounting and Financial Reporting

9652 Investment Companies

9692 Not-for-Profit Organizations: Accounting and Financial Reporting

.114 Updated section relative to issuance of ASU 2013-12.
9772 Real Estate

9812 State and Local Government: Accounting and Financial Reporting

3
ARM
CONTENT MAPPING
SECTIONS REMOVED
As a result of the growth of the PwC accounting and financial reporting guide library, the
following sections have been removed from the ARM. Guidance was either moved to other firm
guidance publications or removed as it was found to be no longer relevant. All content movement
is outlined below for your convenience.
1010 Professional Literature

.21-24 Guidance moved to Appendix B in all guides, Technical references and abbreviations
.71 Guidance is covered in ARM 9812.12
.91; .92 Guidance is covered in PwC Audit 1060 and 1061, respectively
.94; .99 Guidance is covered in PwC Audit 12210 and 12510, respectively
1030 Reporting Cash Flows

.12 Relevant content moved to FSP Chapter 31.5.4
.244 Guidance moved to FSP Chapter 11.3.1.4
Remainder Guidance moved to FSP Chapter 6
1050 Earnings Per Share

.3396 Guidance moved to FSP Chapter 32.5
1080 Comprehensive Income

.42-.421 Relevant content moved to FSP Chapter 32.4
.43 Relevant content moved to ARM 4270.301
.45 Guidance moved to FSP Chapter 29.3.3
.451 Guidance moved to FSP Chapter 29.3.3 and 29.6.2
.46 Relevant content moved to ARM 5010, and/or FSP Chapter 9
1081 Discontinued Operations

Content no longer relevant, removed
1085 Extraordinary Items

Remainder Guidance moved to FSP Chapter 3.9.7 and 3.7.12
1087 Accounting Changes

Guidance moved to FSP Chapter 30
1110 Interim Financial Reporting

.21 Guidance moved to ARM 3500
.22 Guidance moved to ARM 3805.323
.23 Guidance moved to ARM 5130.3 and 4650.4 and SC Chapter 4.4.3
.25 Relevant content moved to ARM 3500.96
.29 Relevant content moved to FSP Chapter 30.8
.3-.4 Relevant content moved to FSP Chapter 29
.51 Relevant content moved to FSP Chapters 29.5 and 30.8.1.4
1135 Segment Reporting under FAS 131

4
ARM
CONTENT MAPPING
1167 Parent Company Statements

Remainder Guidance moved to FSP Chapter 31.1 and 31.4.1 through 31.4.3
1212 Translation of Foreign Currency Transactions and Foreign

Currency Financial Statements
This section will remain in AASD and Comperio until the new
PwC accounting and financial reporting guide for Foreign currency is released.
1450 Development Stage Enterprises

Content no longer relevant, removed
2100 Fair Value Measurement and Fair Value Option

The TOC of the Fair value measurements global edition guide can be found in the new
PwC Guide Library section of the 2014 ARM.
3520 Transfers of Financial Assets

The TOC of the Transfers and servicing of financial assets guide can be found in the new
PwC Guide Library section of the 2014 ARM.
4291 Stock-Based Compensation

The TOC of the Stock-based compensation guide can be found in the new PwC Guide
Library section of the 2014 ARM.
5030; 5045 Transfers of Assets and Exchanges of Equity Interests Between Entities Under
Common Control
The TOC of the Business combinations and noncontrolling interests global edition
guide can be found in the new PwC Guide Library section of the 2014 ARM.
5070 Intangible Assets in a Business Combination or an Asset Acquisition

5080 Accounting for Goodwill

5280 Indebtedness
.111 Relevant content moved to FSP Chapter 12.8 and FG Chapter 1.2.2
.112 Guidance moved to FG Chapter 12.8
.113 Relevant content moved to FG Chapter 9.6.1
.114 Guidance moved to PwC Audit 2056
.121 Guidance moved to FSP Chapter 12.8 and FG Chapter 1.2.1 and 1.2.2
.1311 Relevant content moved to FG Chapter 8.3.1.2
5
ARM
CONTENT MAPPING
.141 Relevant content moved to FG Chapters 7.4.4 and 9.3.1 and

DH Chapter 3.7.1
.151 Relevant content moved to FG Chapter 9.6
.152 Guidance moved to FG Chapter 9
.1521 Guidance moved to FG Chapter 9.4.2.1
.153 Relevant content moved to FG Chapter 9.7.4 and 9.7.7
.21 Relevant content moved to FG Chapters 1 and 9
.216 Guidance moved to FG Chapter 1.2.3
.218 Relevant content moved to FG Chapter 1.2.3.2 and 1.4.1
.23 Relevant content moved to FG Chapters 9.5 and 7.6.3.2
.231 Relevant content moved to FG Chapter 7
.252 Relevant content moved to FSP Chapter 12
.312 Relevant content moved to FG Chapters 3 and 9
.315 Relevant content moved to FSP Chapter 12.10.1 and 21.10.1
.317 Relevant content moved to FSP Chapter 28.6.3.3
.33 Guidance is contained in DH guide
.35 Guidance moved to FG Chapter 9.1 and 9.3.1
.433 Relevant content moved to FG Chapters 3 and 9.8
6
ARM
CONTENT MAPPING

.45 Relevant content moved to SC Chapter 9.9.1.2
.46 Guidance moved to FG 3.3.5
.51 Relevant content moved to FG Chapter 1.4.1 and FSP Chapter 12.4.5
.53 Relevant content moved to DH Chapter 3
.57 Relevant content moved to FSP Chapters 2.4 and 19.3.2
.58 Relevant content moved to FSP Chapter 2.4
.6 Guidance moved to FSP Chapter 2.3.4 through 2.3.4.1
.641 Guidance moved to FSP Chapter 12.3.2.1 through 12.3.2.2
.65 Guidance moved to FG Chapter 9.6.1 and FSP Chapter 12.7
.663 Guidance moved to FSP Chapter 12.3.4 and 12.5
.73 Relevant content moved to FSP Chapters 12.11.3 and 23.6 and
FG Chapter 2.2 through 2.5
.74 Relevant content moved to DH Chapter 3
.75 Relevant content moved to FSP Chapter 12.12.1 and 12.3.3 and
FG Chapter 3.2 and 3.3.3
5400 Disclosures of Risks and Uncertainties

5450 Financial Instruments with Characteristics of Both Liabilities and Equity

.1 Guidance moved to FG Chapters 4.3 and 7.4 through 7.6 and 9.3.1
.211 Relevant content moved to FSP Chapter 5.6.3.1 and FG Chapter 4.3.1 through 4.3.1.1
.2122 Relevant content moved to FG Chapter 4.3.1.1 through 4.3.1.2
.215 Relevant content moved to FG Chapters 4.3.1.2 and 7.5.1.3
7
ARM
CONTENT MAPPING

.2451 Guidance moved to BC Chapter 2.6.4
.2452 Guidance moved to SC Chapter 1.12.6
.251 Relevant content moved to FG Chapter 6.2.2.1 and 6.2.2.2
.261 Guidance moved to FG Chapters 4.4.4.1 and 6.2.2.1
.28 Relevant content moved to FSP Chapter 7.5.4 and FG Chapter 7.5.4.1
.294 Guidance moved to FG Chapters 9.3.2.1 and 7.5.1.3
.3101 Relevant content moved to FG Chapters 4 and 1.7.1 and 9.3.3
.3107 Guidance moved to SC Chapter 1.12.14
.3109-.3112 Relevant content moved to FG Chapter 4.3.2 through 4.3.2.1
.314 Guidance moved to FSP Chapter 5.3.1 and BC Chapters 6 and 2
.315-.316 Guidance moved to FG Chapter 9.6.2.2
.3171 Guidance moved to FG Chapter 9.3.3 and 9.3.2.1
.3172 Relevant content moved to FG Chapters 9.3.2.1 and 4.3.1.1 and 4.3.2.1
.3201 Guidance moved to FSP 5.6.3.1
8
ARM
CONTENT MAPPING
.321-.3224 Guidance moved to FG Chapters 4.4 through 4.4.4.2 and 5.6.3.2

.3231-.3233 Guidance moved to FG Chapter 4.3.2.1 and 4.4.4.2
.324 Guidance moved to BC Chapters 2.6.5.1 and 6.3
.325 Relevant content moved to FG Chapter 9.6.1 and 9.6.2.2
.331-.332 Guidance moved to SEC 4220.711
.341 Relevant content moved to FG Chapters 4.4.2.2 and 7.4.1 through 7.4.1.3
.342 Guidance moved to FG Chapter 7.4.1.2 through 7.4.1.3
.343 Relevant content moved to FG Chapter 9.9.2.1 through 9.9.2.2
.347-.348 Relevant content moved to FSP Chapter 7.4.1.2 through 7.4.1.3
.3491-.3492 Guidance moved to FSP Chapter 7.4.1.2 and BC Chapters 2.6.6 and 6.11.1
.38 Guidance moved to BC Chapter 2.6.6.1
.423 Relevant content moved to FG Chapter 9.7.2 through 9.7.4
and FG Chapter 8.3.1
.4242-.425 Guidance moved to FG Chapter 9.7.6 and 9.7.8
.431-.432 Relevant content moved to FG Chapter 9.7.10 and 9.7.11.1 through 9.7.11.2
.44-.4421 Guidance moved to FG Chapter 8.2.2.4
.61-.613 Guidance moved to FG Chapters 4.4.3 and 1.5
.623 Guidance covered in PwC Audit 2055 and 2056
9
ARM
CONTENT MAPPING
5520 Shareholders Equity

.21 Guidance moved to FG Chapter 8.3 through 8.31 and FG Chapter 5.3 through 5.3.1
.211 Relevant content moved to SC Chapter 5.3
.23 Guidance moved to FG Chapter 4.4.3 and FG Chapter 5.3
.28 Relevant content moved to FG Chapter 8.3.1 and 8.3.1.2, and/or SC Chapter 2.2.2
.53 Guidance moved to BC Chapter 8.2.4.3
.55 Guidance moved to BC Chapter 13.2.7
.7 Guidance moved to FG Chapter 8.4 and FSP Chapter 5.10.4
.8-.81 Guidance moved to FSP Chapter 6
5570 Stock Dividends and Stock Splits

.11 Relevant content moved to FSP Chapter 5.10.6 and 5.4.4
.12 Guidance moved to FSP Chapter 5.11
.13 Relevant content moved to FG Chapter 5.4.4 through 5.4.4.2 and FSP Chapter 7.6.1
.2111 Guidance moved to FG Chapter 5.4.4. Relevant content moved to FG Chapters
5.4.4.1 and 4.7.1
.22 Guidance moved to FG Chapter 6.3.5 and 6.3.5.1
.26 Guidance moved to SEC 6900.200 and 6900.300
.71 Guidance moved to FSP Chapter 5.10.6 and 5.10.6.1
.72 Guidance moved to FSP Chapters 5 and 7.6.1
.75 Guidance moved to FG Chapter 6.3.6 and FSP Chapter 5.10.2 and 7.5.2
.76 Guidance moved to FG 5.4.4.1
.77 Relevant content moved to FSP Chapter 5.4.4.1 and 5.4.4.2; relevant content contained
in SEC Manual
.78 Guidance contained in PwC Audit
5590 Reorganizations and Liquidations and Quasi Reorganizations

.1 Relevant content moved to BL Chapter 6.2
.21-.22 Guidance moved to BL Chapter 5.4
.23 Guidance moved to TX Chapter 13.2
10
ARM
CONTENT MAPPING
5600 Retained Earnings

5630 Dividends
.22 Relevant guidance moved to ARM 4350
.24 Relevant guidance moved to FG Chapter 6.3.2, and/or ARM 5010.512
Remainder Guidance moved to FSP Chapter 5 and FG Chapter 5
5790 Income Taxes

The TOC of the Income taxes guide can be found in the new PwC Guide Library section
of the 2014 ARM.
5900 Required and Other Consultations

Guidance moved to PwC Audit 2611
9732 Public Utilities; Accounting and Financial Reporting

The TOC of the Utilities and power generation companies guide can be found in the
new PwC Guide Library section of the 2014 ARM.
11

2014 ARM SUMMARY OF CHANGES Final PDF

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ASSURANCE SERVICES/2014

1001 National Professional Services Group

1086 Disposal Activities, Exit Costs, and Restructuring Changes

1160 Consolidation of Financial Statements

1163 Equity Method of Accounting for Investments

1180 Joint Ventures

1300 Nonmonetary Transactions (Exchanges)

1470 Limited Partnerships

3540 Interest on Receivables and Payables

3560 Impairment of a Loan

3770 Long-Term Contracts

3800 Inventory Costing

3805 LIFO Inventories

4270 Pension Costs

4283 Pension and Other Employee Benefit Plans - Accounting

4300 Deferred Compensation Agreements

4350 Employee Stock Ownership Plans (ESOPs)

4380 Postretirement Benefits Other than Pensions (OPEBs)

4390 Other Employment Benefit Arrangements

4500 Property Plant and Equipment

4560 Environmental Costs

4580 Asset Retirement Obligations

4650 Accounting for Leases FAS 13

4740 Capitalization of Interest Costs

5010 Certain Investments in Debt and Equity Securities

5100 Research and Development

5120 Start-Up (Preopening) Costs

5130 Deferred Advertising Costs

5140 Capitalized Costs of Internal-use Software

5360 Contingencies and Commitments

9592 Health Care

9632 Insurance: Accounting and Financial Reporting

9652 Investment Companies

9692 Not-for-Profit Organizations: Accounting and Financial Reporting

9772 Real Estate

9812 State and Local Government: Accounting and Financial Reporting

1010 Professional Literature

1030 Reporting Cash Flows

1050 Earnings Per Share

1080 Comprehensive Income

1081 Discontinued Operations

1085 Extraordinary Items

1087 Accounting Changes

1110 Interim Financial Reporting

1135 Segment Reporting under FAS 131

1167 Parent Company Statements

1212 Translation of Foreign Currency Transactions and Foreign

1450 Development Stage Enterprises

2100 Fair Value Measurement and Fair Value Option

3520 Transfers of Financial Assets

4291 Stock-Based Compensation

5070 Intangible Assets in a Business Combination or an Asset Acquisition

5080 Accounting for Goodwill

.141 Relevant content moved to FG Chapters 7.4.4 and 9.3.1 and

.4331 Relevant content moved to FG Chapter 3

5400 Disclosures of Risks and Uncertainties

5450 Financial Instruments with Characteristics of Both Liabilities and Equity

.222 Relevant content moved to FG Chapter 6.2.3

.321-.3224 Guidance moved to FG Chapters 4.4 through 4.4.4.2 and 5.6.3.2

5520 Shareholders Equity

5570 Stock Dividends and Stock Splits

5590 Reorganizations and Liquidations and Quasi Reorganizations

5600 Retained Earnings