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PNC » Topics » P RONOUNCEMENTS

This excerpt taken from the PNC 10-K filed Mar 2, 2009.

PRONOUNCEMENTS

See Note 1 Accounting Policies in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information on the following recent accounting pronouncements that are relevant to our business, including a description of each new pronouncement, the required date of adoption, our planned date of adoption, and the expected impact on our consolidated financial statements.

The following were issued in 2008:

  •  

FASB Staff Position No. (“FSP”) EITF 99-20-1, “Amendments to the Impairment Guidance of EITF Issue No. 99-20”

  •  

FSP FAS 132(R)-1, “Employers’ Disclosures about Postretirement Benefit Plan Assets”

  •  

FSP FAS 140-4 and FIN 46(R)-8, “Disclosures by Public Entities (Enterprises) about Transfers of Financial Assets and Interests in Variable Interest Entities”

  •  

FSP FAS 157-3, “Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active”

  •  

FSP FAS 133-1 and FIN 45-4, “Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45; and Clarification of the Effective Date of FASB Statement No. 161”

  •  

FSP EITF 03-6-1, “Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities”

  •  

FSP APB 14-1, “Accounting for Convertible Debt Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement)”

  •  

SFAS 163, “Accounting for Financial Guarantee Insurance Contracts an Interpretation of FASB Statement No. 60”

  •  

SFAS 162, “The Hierarchy of Generally Accepted Accounting Principles”

  •  

FSP FAS 142-3, “Determination of the Useful Life of Intangible Assets”

  •  

SFAS 161, “Disclosures about Derivative Instruments and Hedging Activities”

  •  

FSP FAS 140-3, “Accounting for Transfers of Financial Assets and Repurchase Financing Transactions”


 

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The following were issued in 2007:

  •  

SFAS 141(R), “Business Combinations”

  •  

SFAS 160, “Accounting and Reporting of Noncontrolling Interests in Consolidated Financial Statements, an Amendment of ARB No. 51”

  •  

SEC Staff Accounting Bulletin No. 109

  •  

FIN 46(R) 7, “Application of FASB Interpretation No. 46(R) to Investment Companies”

  •  

FSP FIN 48-1, “Definition of Settlement in FASB Interpretation (“FIN”) No. 48”

  •  

SFAS 159

The following were issued in 2006 with an effective date in 2008:

  •  

SFAS 157

  •  

The Emerging Issues Task Force (“EITF”) of the FASB issued EITF Issue 06-4, “Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements”

This excerpt taken from the PNC 10-K filed Mar 1, 2007.

PRONOUNCEMENTS

See Note 1 Accounting Policies in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information on the following recent accounting pronouncements that are relevant to our business, including a description of each new pronouncement, the required date of adoption, our planned date of adoption, and the expected impact on our consolidated financial statements. All of the following pronouncements were issued by the FASB unless otherwise noted.

The following was issued in 2007:

  •  

SFAS 159, “The Fair Value Option for Financial Assets and Financial Liabilities – Including an amendment of FASB Statement No. 115”

The following were issued during 2006:

  •  

SFAS 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Benefit Plans – an amendment of FASB Statements No. 87, 88, 106 and 132(R)”

  •  

SFAS 157, “Fair Value Measurements”

  •  

SFAS 156, “Accounting for Servicing of Financial Assets – an amendment of FASB Statement No. 140”

  •  

SFAS 155, “Accounting for Certain Hybrid Financial Instruments – an amendment of FASB Statements No. 133 and 140”

  •  

FASB Interpretation (“FIN”) No. 48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109”

  •  

FASB Staff Position No. (“FSP”) FAS 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction”

Issued during 2005 with an effective date in 2006:

  •  

In June 2005, the FASB’s Emerging Issues Task Force (“EITF”) issued EITF Issue 04-5, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights”

EXCERPTS ON THIS PAGE:

10-K
Mar 2, 2009
10-K
Mar 1, 2007

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