The Academy of Motion Picture Arts and Sciences confirmed Monday that it will be using a new voting system. Read on for details...

The Academy will use a preferential voting system to determine which of its 10 nominees will win the award for the Best Picture category. In June, the Academy's Board of Governors announced that it was extending the Best Picture list of nominees from five to 10.

The new voting system is one that "best allows the collective judgment of all voting members to be most accurately represented," according to a statement released by the Academy.

"Instead of just marking an 'X' to indicate which one picture they believe to be the best, members will indicate their second, third and further preferences as well," Academy President Tom Sherak said of the new system. "PricewaterhouseCoopers will then be able to establish the Best Picture recipient with the strongest support of a majority of our electorate."

Nominees for The 82nd Academy Awards will be announced on Tuesday, February 2, 2010, at 5:30 a.m. PT -- and the awards will be presented on Sunday, March 7, 2010, at the Kodak Theatre in Hollywood on ABC.

For a look back at past Oscar fashions, click here.