XVI 4.A Cash and Investments

Describe the nature of any reasonably possible losses, and any guarantees, including maximum liabilities. 25 Currently, the Outstanding Equity Awards Table required by Items 402 (for non-SRCs) and 402 of Regulation S-K, the value of outstanding equity awards is only required for full-value awards, and not options. For awards granted in the covered FY that were scheduled to vest during the covered FY but did not due to a failure to meet the applicable vesting conditions, no adjustment is required, because there was no fair value as of the prior FY and so “compensation actually paid” for these awards is considered to be zero. The measures on the Tabular List are not required to be ranked in order of importance. Fn 5 The auditor also should consider requirements of GAAP that may influence the selection of assumptions (see FASB Concepts Statement No. 7).

• Investment advisory offered through Moss Adams Wealth Advisors LLC. Services from India provided by Moss Adams LLP.
• However, any agency choosing to change interest rate risk disclosure methods must also disclose the nature and reason for the change in the year of the change.
• Other invested balances are reported in their applicable accounts and disclosed by applicable investment type.
• The significant unobservable input used in the fair value measurement of the Group’s OTC equity option referencing correlated equity indices is correlation.
• Thus, if a change is made to the financial statements, it may impact a number of disclosures in the footnotes that must be altered by hand.

The valuation methodology, classification of fair value inputs, and other aspects of applying GASB No. 72 are determinations of management, but your auditors may challenge your methodology, input level classifications, units of account, and the completeness of your footnote disclosures. Consider sharing this list of assets and liabilities subject to GASB No. 72 with your auditors or consultants at an early stage of your analysis. This gives you an outside perspective on whether all applicable items are included in your analysis. “Hedge effectiveness” refers to the extent that changes in the fair value of hedge instrument offsets changes in the fair value of the hedged item.

Disclosures About Fair Values

The amendments in this ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. On July 15, 2015, Entity A issues a $10,000, non-callable, 6.5% fixed-rate note at par. The note is due on July 15, 2025, with semiannual payments interest payments due each January 15 and July 15 until maturity.

PwC response There are several acceptable methods for determining unrealized gains/losses for items still held at the reporting date. Also, for an investment derivative instrument type that is an interest rate swap with a fair value highly sensitive to interest rate changes, disclose the aggregate fair value and aggregate notional amount, along with the impact of the reference rates on the interest rate risk and the embedded options. Report income earned from investing cash collateral separately from costs reported as expenditures or expenses . Government’s share of ownership may fall below 20 percent due to events such as the government selling a portion of the investment, sales of additional stock by the investee, etc. leading to the government losing its significant influence over the investee’s policies. Henceforth, discontinue accruing the government’s portion of earnings and losses that no longer qualify for the equity method. The previously accrued earnings and losses along with the ones relating to the retained stock will remain as part of the carrying amount of the investment. Do not adjust the investment account retroactively under these circumstances.

On the Radar — Non-GAAP financial measures and metrics

The State maintains approximately 3,000 bank accounts for various purposes at locations throughout the State. Bank deposits may be under the joint custody of the State Comptroller and the Commissioner of Taxation and Finance or under the sole custody of a specified State Official. Both the State Comptroller and the Commissioner of Taxation and Finance are also sole custodians of certain accounts.

Accordingly, the accompanying consolidated balance sheets, statements of operations, stockholders’ equity, and cash flows include the financial position, results of operations and cash flows of the businesses acquired as of such dates and for such periods that these businesses were owned by Hexcel. Whether subsequent events require adjustment to the fair value measurements and disclosures included in the financial statements.

Hedgeable Risks