Ellen DeGeneres lists pros and cons of hosting the Oscars for a second time

ELLEN DeGeneres made a list of pros and cons before agreeing to host the 86th Academy Awards in 2014.

ELLEN DeGeneres admits she was a little apprehensive about accepting the offer to host next year's Academy Awards.

The 55-year-old comedian wrote a comprehensive list of pros and cons before saying yes, which she shared with her talk show audience yesterday.

Pro: I get to perform in front of 60 million people.

Con: Oh my God, 60 million people watch that thing.

Pro: I'll be invited to all the cool Oscar after parties.

Con: I like to be tucked in by 7:30.

Pro: Meryl Streep could get a record 17th Oscar nomination.

Con: Hashtag we're over it, Meryl.

Pro: A lot of fancy designers will approach me to wear a beautiful, expensive gown of theirs.

Con: Ain't no way in hell I'm wearing a gown.

Pro: I've done it before. The second time should be even better.

Con: My second sitcom got cancelled after five minutes.

Pro: If I'm on stage hosting, I won't be sitting on my couch drinking margaritas.

Con: If I'm on stage hosting, I won't be sitting on my couch drinking margaritas.

Pro: The theatre holds 3,000 seats.

Con: It's gonna take 45 minutes to dance through all those aisles.

It's official: I'm hosting the #Oscars! I'd like to thank @TheAcademy, my wife Portia and, oh dear, there goes the orchestra.

— Ellen DeGeneres (@TheEllenShow) August 2, 2013

The 86th Academy Awards will be held at the Dolby Theatre in Los Angeles on March 2 next year.

It will be Ellen's second time hosting Hollywood's night of nights.

She received an Emmy award nomination for her first attempt in 2007.