Coming to you live from Workiva Amplify! Join your hosts Adam and Allison as they dive into the recent EFRAG study unpacking key findings from companies navigating their early implementation of the EU's CSRD.EFRAG Study on Early Implementation of ESRS

Your AM Now hosts Adam Olsen and Matt Fisser are back to bring you what’s happening in accounting and finance, including stories on:The FASB’s proposed ASU on the scope of derivative accounting and share-based payments from customers.The IASB’s recently completed review of IFRS 15 and IFRS for SMEs Accounting Standard along with some final decisions on their rate-regulated activities project.The recently released Exposure Draft proposing amendments to IFRS 19, Subsidiaries without Public Accountability: DisclosuresThe proposed inclusion of illustrative examples in the IFRS standards to enhance the reporting of climate-related and other uncertainties in financial statements.The recently released set of FAQs from the Greenhouse Gas Protocol to help companies in applying their standards.For more on this week’s topics:Proposed Accounting Standards Update, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)IFRS, Rate-Regulated ActivitiesIFRS Exposure Draft, Amendments to IFRS 19 Subsidiaries without Public Accountability: DisclosuresIFRS Exposure Draft, Climate-related and Other Uncertainties in the Financial StatementsGreenhouse Gas Protocol, ​​Corporate Standard Frequently Asked QuestionsConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Practical ways leaders can overcome the accountant shortage from 3 managing directors with direct experience.

Tune into Accounting Matters as we speak about ASU 2024-01. Adam and Nicole explore how the latest profits interest guidance impacts your business & provide results-driven approaches.

Make room for Adam Olsen and Matt Fisser as they discuss all of the recent accounting and finance stories you need to know, including:The FASB recently completed its Conceptual Framework with a new and final chapter on measuring assets and liabilities recognized in financial statements.Tentative decisions from the FASB on EITF issues centered on induced conversions of convertible debt instruments.Another FASB tentative decision, determining the acquirer in the acquisition of a VIE.Targeted amendments to the IASB’s IFRS standards on first-time adoption of IFRS, financial instruments, consolidated financial statements, and statement of cash flows.A Center for Audit Quality report found that 98% of companies disclosed some level of ESG-related information in 2022, 70% obtaining some degree of voluntary assurance.CA Governor Gavin Newsom proposed delaying the implementation of California Senate Bills 253 and 261 by two years, from 2026 to 2028.Discussion on the CrowdStrike/Windows outage and what it might mean for public companies subject to the SEC’s new cybersecurity disclosure rules.For more on this week’s topics:FASB Issues New and Final Chapter of Its Conceptual Framework: MeasurementFASB: Tentative Board Decisions 07-17-24 (induced conversions/VIE)IASB issues annual improvements to IFRS Accounting StandardsS&P 500 ESG Reporting and Assurance AnalysisAct to amend Sections 38532 & 38533 of the Health and Safety Code, relating to GHGPublic Company Cybersecurity Disclosures; Final RulesConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

On today's AM episode, we'll break down the new standard from the FASB into easily digestible segments. Adam & Nicole speak on the reason for ASU 2023-07, its enhanced segment expense disclosures, and impact on reporting for public entities.Be sure to check out our previous episode.Connect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen to Accounting Matters on Apple Podcasts and Spotify.

On today's Accounting Matters episode, we have an on-demand webinar with 2 ERP specialists who have worked on a collective 21 related projects. They will guide you though the ERP assessment process and best practices along the way.You can watch the full video here: https://www.linkedin.com/events/avoiderpregret-the25-failurerat7207077293142265858/theater/

Adam Olsen and Matt Fisser are here to dish all of the post-Fourth of July accounting & finance news you need to know, including:FASB’s plans to improve ASC 350-40, requiring an entity to use more judgment to determine when to recognize software costsProgress on FASB’s project for disaggregation of income statement expensesSneak peek at the AICPA’s update to their Valuation of Privately Held Company Equity Securities Issued as Compensation—aka the Cheap Stock Guide.Announced improvements to the SEC websiteNew interpretive guidance from the SEC to clarify its recent cybersecurity rulesIASB finalizing the revision of IFRS Practice Statement 1, Management CommentaryISSB’s plan to harmonize and consolidate the global sustainability disclosure landscape Update on the FTC rule effectively banning noncompete agreements in the USFor more on this week’s topics:FASB: Tentative Board Decisions, Accounting for and Disclosure of Software CostsFASB: Tentative Board Decisions, Disaggregation—Income Statement ExpensesWorking Draft of Chapters 8 and 9 from the Valuation of Privately-Held-Company Equity Securities Issued as Compensation Accounting and Valuation GuideSEC Updates Website to Improve Compliance, Functionality, and User ExperienceCyber Update: SEC Issues New Guidance on Cybersecurity Incident DisclosureIASB agrees to finalise the revision of the Management Commentary Practice StatementISSB delivers further harmonisation of the sustainability disclosure landscapeFederal judge partially blocks U.S. ban on noncompetesConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Your AM Now host Adam Olsen is back at it again, delivering critical accounting and finance stories to your eyes and ears, including:The 6/12 FASB meeting discussing its project on accounting for environmental credit programs (ECPs) as well as the Board’s agenda prioritization.FASB’s Emerging Issues Task Force (EITF) recent deliberations on the existing accounting guidance for the determination of an accounting acquirer.The European Council’s announcement on its agreement with proposals to cut down on greenwashing and false environmental claims,The new and impressive Workiva Carbon solution, designed to help companies enhance their existing ESG & Sustainability platform to support global climate regulations.For more on this week’s topics:FASB: Tentative Board Decisions, 6/12/24EITF 6/14 Meeting SummaryEU Council Agrees on New Rules to Tackle Greenwashing in Product Green ClaimsWorkiva Launches New Carbon Data Management and Reporting SolutionConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Your trusty AM Now hosts Adam Olsen and Matt Fisser are at it again, bringing you the accounting and finance stories you need to know, including:The SEC’s statement on IFRS 19 reducing disclosures for certain subsidiaries and the impact on SEC filings, including any additional disclosures likely required.The SEC provided relief to BF Borgers clients with additional time to hire a new public accountant and file quarterly and transition reports on their Form 10-Q given certain requirements.The IFRS Foundation’s updated guide on getting started on implementing the Integrated Reporting Framework and how to take account of the IFRS Sustainability Disclosure Standards.New ESMA guidelines on using ESG and sustainability-related terms in investment fund names.EFRAG’s compilation of 68 unique explanations to respond to various stakeholders’ technical questions on ESRS application required under the CSRD.For more on this week’s topics:Statement on the Application of IFRS 19, Subsidiaries without Public Accountability: Disclosures, in Filings with the SECSecurities Exchange Act of 1934, Release No. 34-100185 (BF Borgers)IFRS Foundation: Transition to integrated reportingESMA Guidelines establish harmonised criteria for use of ESG and sustainability terms in fund namesEFRAG Releases New ESRS Q And A Technical ExplanationsConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

AM Now hosts Adam Olsen and Nicole Harger are back in the saddle, delivering this week’s most important accounting and finance stories, including:The FTC’s recent ruling essentially banning the use of non-compete agreements in nearly all instancesThe FASB discussion on disaggregating income statement expenses, its ASC 606 post-implementation review, and feedback on financial statement measurementIFRS 19—another new accounting standard from the IASBThe SEC’s action against audit firm BF Borgers for deliberately and systematically failing to meet PCAOB audit and review standardsTwo new research projects added to the ISSB’s list of prioritiesWant to completely transform your financial planning and decision-making? Then download our free resource, The CFO’s Guide to Implementing a Rolling Forecast, today.For more on this week’s topics:FTC Announces Rule Banning NoncompetesFASB: Tentative Board Decisions 05-08-24ISSB Explores Developing New Disclosure Standards for Biodiversity, Human CapitalIASB simplifies financial reporting for eligible subsidiary companies with new IFRS Accounting StandardSEC: Staff Statement on Issuer Disclosure and Reporting Obligations in Light of Rule 102(e) Order against BF Borgers CPA PCConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Join us on Accounting Matters for a conversation about the intricacies of accounting for crypto assets under the latest guidance from the Financial Accounting Standards Board, ASU 2023-08.Connect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen to Accounting Matters on Apple Podcasts and Spotify.

As always, your AM Now hosts Adam Olsen and Matt Fisser are here to deliver the recent accounting and finance stories you need to hear, including:A quick discussion on the hot-off-the-presses IFRS 18, Presentation and Disclosure of Financial Statements.The CSDDD was voted into adoption and will become law this year. Finally.A new guide from the IFRS Foundation and EFRAG to help companies navigate the new sustainability requirements.The FASB Private Company Council’s decision to pursue improvements to ASC 350-40, Internal-Use Software.Want to know the SEC’s final climate-related disclosure rules better? This webinar is for you:Meet the SEC’s Final Climate-Related Disclosure RulesFor more this week’s topics:IFRS 18 will improve communication in financial statementsEuropean Commission: Corporate sustainability due diligenceIFRS Foundation and EFRAG publish interoperability guidancePCC Meeting Recap: 4/18/2024Connect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Your trusty AM Now hosts Adam Olsen and Nicole Harger return with another batch of essential accounting and finance stories, including:Update on FASB’s discussion on accounting for government grantsAnother update from FASB, this time on ASC 815—Derivatives and HedgingFASB’s redeliberations on the Interim Reporting (Topic 270) ASUThe SEC’s adoption of amendments to a rule under the Investment Advisers Act of 1940The European Council’s official adoption of the revised Energy Performance of Buildings Directive (EPBD)For insights, tips, and a handy cash flow model template from Embark’s team of gurus:13-Week Cash Flow Forecast Model TemplateFor more this week’s topics:FASB—Accounting for Government GrantsFASB—Tentative Board Decisions, Topic 815 & Interim Reporting (4/10/24)Exemption for Certain Investment Advisers Operating Through the InternetQuestions and Answers on the revised Energy Performance of Buildings DirectiveConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

You’ve read the headlines. Perused the articles. Maybe even had a convo or two on the topic. But now it’s time to get to the ESRS nitty gritty with your trusted Accounting Matters embarkers. So get comfy with Nicole Harger, Adam Olsen, and Robby Sunberg for this first half of a two-fer on all things CSRD and ESRS. You, your sustainability reporting, and stakeholders won’t be sorry.For more information on CSRD, ESRS, and related topics:The ESRS Skinny: What the European Sustainability Reporting Standards Mean for YouThe EU CSRD: Why US Companies Should Care about European ESG Reporting RegulationsSB 253 and SB 261: A Look at California's Landmark Climate Reporting BillsConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen to Accounting Matters on Apple Podcasts and Spotify.

Your AM Now hosts Adam Olsen and Nicole Harger are back again to deliver the recent accounting and finance stories you need to hear, including:Update on the legal proceedings surrounding the SEC’s climate-related disclosure rulesFASB has issued the first two Accounting Standards Updates of 2024FASB’s tentative decisions on its accounting for internal-use software costs projectUpdate on FASB’s proposal over disclosures of the disaggregation of income statement expenseThe SEC’s technical amendments in response to a Federal court's decision to vacate rule amendments on repurchases of an issuer’s equity securitiesFor insights and tips on ESG reporting from Embark’s team of specialists:ESG Reporting Best Practices: Implementation & BeyondFor more this week’s topics:The Case Against the SEC’s Final Climate Rules Begins in Earnest (and What It Means)FASB Accounting Standards Updates: 2024-01, 2024-02Accounting for and Disclosure of Software CostsTentative Board Decisions - Disaggregation of Income Statement ExpensesSEC: Share Repurchase Disclosure Modernization Final Rule; Technical AmendmentsConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts and Spotify.

Once again, your AM Now hosts Adam Olsen and Nicole Harger are here with the accounting and finance stories you don’t want to miss, including:The SEC adopted final climate disclosure rules after receiving 24,000 comments.The SEC's climate rule faces legal challenges from fracking companies and critics.FASAB proposes guidance for reporting seized and forfeited digital assets.Financial Accounting Foundations seeks feedback on the PCC's effectiveness.A Court declares the CTA unconstitutional, impacting reporting mandates.IASB proposes amendments to IFRS 3 to enhance acquisition and impairment reporting.Canadian Sustainability Standards Board proposes sustainability reporting standards, seeking feedback.For more information on these and related topics:SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for InvestorsSEC climate disclosure rule faces legal gantletDigital assets addressed by FASABFAF Wants to Know How the Private Company Council Can Be More EffectiveCorporate Transparency Act Ruled UnconstitutionalIASB consults on proposals to improve reporting of acquisitionsCanada Releases Proposed IFRS-Based Sustainability Reporting StandardsConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of "Accounting Matters," we cover the unveiling of the SEC's long-awaited climate-related disclosure rule. Exploring its implications for businesses and investors alike, we dissect the significance of this regulatory milestone and its potential impact on financial reporting standards.

In this episode, we explore the impact of a significant FASB update, ASU 2023-07, on segment reporting standards. This update responds to investor demands for clearer financial transparency, introducing stricter disclosure rules for public entities.

As always, your AM Now hosts Adam Olsen and Nicole Harger are back with the week’s biggest accounting and finance stories, including:The 3/6 SEC meeting on the climate disclosure rulesRecap of the recent IFRS Sustainability SymposiumThe provisional agreement to establish an EU carbon removals certification frameworkAnti-greenwashing laws recently adopted by the European CouncilThe FASB’s recent board meeting discussing a final ASU on profits interest awardsFor more information on these and related topics:SEC Open Meeting Agenda, 3/6/2024IFRS Sustainability Symposium convenes in New York City as market participants get ready to use the ISSB StandardsClimate action: Council and Parliament agree to establish an EU carbon removals certification frameworkEU Adopts New Law to Protect Consumers Against Misleading Green ClaimsScope Application of Profits Interest Awards: Compensation—Stock Compensation (Topic 718)Connect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

A lot goes into a successful business transaction. A lot. So in this first part of our latest M&A series, your faithful Embarkers are taking a deep dive into all of those pre-transaction activities that help ensure you start off on the right foot. A little bit of due diligence goes a long way so pull up a chair!For more information on buy-side transactions and related topics:Buy-Side Due Diligence: Report Checklist and Guide for M&A and Other TransactionsPurchase Accounting: Valuations, Adjustments & Accounting for M&AsPost-Merger Integration ChecklistConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Just as you suspected, your AM Now hosts Adam Olsen and Matt Fisser are back to bring the accounting and finance news heat, including stories on:The SEC proposal on increasing the threshold for qualifying venture capital fundsThe Small Business Capital Formation Advisory Committee discusses updates to the Accredited Investor Definition and examines the current state of the IPO marketFinCEN's new BOI reporting requirement targets small businesses to enhance financial transparency, with certain exemptions and deadlines for compliance.The IASB delays the release of a new standard, expected to be IFRS 19, aimed at simplifying financial disclosures for subsidiaries without public accountability.Malaysia is considering adopting ISSB standards for sustainability reporting, seeking public feedback on implementation, with a phased approach for mandatory compliance.For more information on these and related topics:SEC Proposes Rule to Raise Threshold for Qualifying VC FundsAgenda - Meeting of SEC Small Business Capital Formation Advisory CommitteeBOI: Beneficial Ownership InformationMalaysia Launches Consultation on Adoption of IFRS Sustainability Reporting StandardsConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

Join us on this episode of Accounting Matters as we discuss the complexities of the CSRD's double materiality framework. We dive into the significance of materiality in sustainability reporting. From understanding the dimensions to practical considerations in the assessment process, we guide our listeners through the intricate world of sustainability reporting under the CSRD.

Your AM Now hosts Adam Olsen and Nicole Harger are back at it again with critical accounting and finance stories from the week that was, including:Updates from the recent FASB Board meeting on Topic 815, Hedge Accounting ImprovementsNew York's S5437 and S897A bills push for pioneering sustainability disclosures in the finance and corporate sectors.China enforces sustainability reporting for all listed companies, setting a new global standard in ESG transparency.The SEC's new rules expand the 'dealer' definition, enhancing oversight of significant market participants for market integrity.For more information on these and related topics:FASB Board Meeting Handout – Topic 815—Hedge Accounting ImprovementsNY Senate Bill S897ANY Senate Bill S5437China Stock Exchanges Announce Mandatory Sustainability Reporting Requirements for CompaniesStatement on Final Rules Regarding the Further Definition of a Dealer-TraderConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

It’s once again time for your AM Now hosts Adam Olsen and Matt Fisser to deliver  what’s going on in accounting and finance this week, including stories on:The SEC adopted final rules to enhance disclosures and provide additional investor protections in IPOs by SPACs and in de-SPAC transactions.The postponement of certain CSRD elements by two years, including sector-specific sustainability disclosures and sustainability reporting from companies outside the EU. The latest developments from the FASB and their most recent board meeting held on January 31, 2024.For more information on these and related topics:SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and ProjectionsEU lawmakers approve 2-year delay of CSRD reporting for non-EU companies and specific sectorsFASB Past MeetingsConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of 'Accounting Matters,' we guide private companies through key accounting developments, covering standards like CECL, simplified goodwill impairment, and supplier finance program disclosures. Additionally, we discuss what lies ahead in the new year.

Your trusty AM Now hosts Adam Olsen and Nicole Harger are serving up yet another episode of tasty accounting and finance stories for you, including:SEC registrants should expect a significant uptick in their Staff Accounting Bulletin SAB 74 disclosures due to the impending adoption of numerous Accounting Standard Updates (ASUs).EFRAG has initiated a public consultation on two Exposure Drafts  – ESRS LSME ED and VSME ED –  for sustainability reporting standards.EU member states are currently transposing the CSRD into their own national law and must complete the process no later than July 6th of this year. For more information on these and related topics:Segments, Taxes, SAB 74 and MoreEFRAG’s Public Consultation on Two Exposure Drafts on Sustainability Reporting Standards for SMEsFrance Introduces Possible Jail Time As Penalty For Non-Compliance With Sustainability DisclosureConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

You’ve read the headlines. Perused the articles. Maybe even had a convo or two on the topic. But now it’s time to get to the ESRS nitty gritty with your trusted Accounting Matters embarkers. So get comfy with Nicole Harger, Adam Olsen, and Robby Sunberg for this first half of a two-fer on all things CSRD and ESRS. You, your sustainability reporting, and stakeholders won’t be sorry.For more information on CSRD, ESRS, and related topics:The ESRS Skinny: What the European Sustainability Reporting Standards Mean for YouThe EU CSRD: Why US Companies Should Care about European ESG Reporting RegulationsSB 253 and SB 261: A Look at California's Landmark Climate Reporting BillsConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Your AM Now hosts Adam Olsen and Nicole Harger kick off 2024 with another episode of accounting and finance stories you need to hear, including:The invalidation of the SEC's share repurchase rule by the U.S. Court of Appeals.CorpFin’s statement on the SEC's cybersecurity disclosure rule.Two new accounting standards by FASB: ASU 2023-09, revising income tax disclosures, and ASU 2023-10, addressing accounting for and disclosure of crypto assets.The provisional agreement on the EU's Corporate Sustainability Due Diligence Directive, focusing on human rights and environmental impacts in business value chains.For more information on these and related topics:US court slaps down stock buyback rule over SEC 'defects'SEC: Cybersecurity DisclosureFASB: Accounting standards updates issued (2023)EU Lawmakers Reach Deal on New Environmental, Human Rights Sustainability Due Diligence LawConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of Accounting Matters, Adam and Nicole dissect California's Climate Accountability Package, focusing on Senate Bills 253 and 261. They unravel the mandatory disclosure of greenhouse gas emissions, including Scope 1, Scope 2, and Scope 3, for companies operating in the state. We provide valuable insights into compliance challenges, the role of the California Air Resources Board, and the implications of potential fines for noncompliance. Whether you're a seasoned professional or new to sustainability compliance, tune in for succinct discussions demystifying the intricate landscape of California's climate legislation.Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this episode of Accounting Matters, Adam and Nicole dive into the complexities of audit preparation for companies closing their books in 2023. Drawing from their extensive public accounting experience, they explore common challenges, such as headcount shortages and the impact of significant transactions on readiness. We also discuss the importance of documentation, effective auditor collaboration, and strategies to meet crucial deadlines. Whether you're a seasoned professional or new to the industry, tune in for valuable insights on navigating the intricate landscape of audit readiness and ensuring a smoother process for your company.Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

As always, your AM Now hosts Adam Olsen and Nicole Harger are here delivering this week’s accounting and finance news, including: The latest on the SEC’s still-brewing requirements on climate change disclosures The novel new proposed reporting framework from the AICPA for issuers of stablecoins The FASB adding a project to its technical agenda to refine the scope of ASC 815, Derivatives and Hedging For more information on these and related topics:SEC Proposed Climate Change Disclosures Put CFOs Under the SpotlightNew proposed reporting framework from the AICPA for issuers of stablecoinsFASB: Tentative Board DecisionsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of 'Accounting Matters,' we provide a thorough recap of the 2023 AICPA Conference on Current SEC and PCAOB Developments. So join us as we cover key insights such as risk assessment in financial reporting, high-quality accounting standards, and emerging trends in ESG reporting and more!

In this week's episode of AM Now, Matt Fisher takes the reins while Adam and Nicole attend the AICPA conference. Matt covers the SEC's emphasis on the statement of cash flows, emphasizing its integral role in financial statements and the need for consistent scrutiny and audit procedures. He also explores other topics, including the FASB's recent ASU on reportable segment disclosures, providing a breakdown of key requirements, including the disclosure of significant segment expenses and alignment with consolidated financial statements. Connect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Putting a bow on our deals lifecycle series, we're joined by Embark deals expert Brett John for a candid chat on crafting exit strategies. From initiating a sale to closing with confidence, we explore the practical steps and emotional roller coaster of letting go of a business. Learn about aligning objectives, negotiating terms, and the often overlooked importance of timing and employee consideration. This one’s a must-listen for anyone navigating the exhausting yet exhilarating complexities of a business exit.For more information on deals transactions and related topics:The Lowdown on Carve-Out Financial StatementsSell-Side Due Diligence Report Checklist and Guide for M&A and Other TransactionsWhen to Engage with a Valuation Services ProviderConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join your AM Now host Adam Olsen for another week of what’s happening in accounting and finance, including stories on: The strategic alliance between EFRAG and CDP (Carbon Disclosure Project) aimed at expediting the adoption of the ESRS New plans from the GRI (Global Reporting Initiative) for its upcoming Sustainability Innovation Lab (SIL), marking a significant stride on the sustainability reporting front The November 8 FASB meeting on two key projects: Targeted improvements to the statement of cash flows, and Conceptual framework - Measurement For more information on these and related topics:The ESRS Skinny: What the European Sustainability Reporting Standards Mean for YouEFRAG and CDP announce cooperation to drive market uptake of European Sustainability Reporting StandardsSIL launch in Singapore: A major step forward in global sustainability reportingFASB: Tentative Board DecisionsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Building on the eye-opening conversation we had in the first episode of our newest podcast series, this second episode cranks it up to 11. How is that even possible, you ask? Well, how about an in-depth, no-holds-barred look at what happens next once the diligence dust settles and the buyer and seller are both ready to move forward with the deal? Buckle up, folks, because this is a good one.For more information on post-diligence needs and related topics:M&A Data Integration Drives Successful TransactionsCash to Accrual: How to Convert to GAAP AccountingThe Ultimate Account Reconciliation Template and Best PracticesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen and Nicole Harger for another spirited episode of AM Now, where they discuss important topics like: A three-judge panel recently concluded the SEC exhibited arbitrary and capricious behavior when enacting the share repurchase disclosure rules The SEC’s announcement concerning certain data quality matters on the labeling of income statement line items The November 1 FASB board meeting, discussing the proposed profit interest awards ASU and government grants received by business entities For more information on these and related topics:US court tells SEC to fix 'defective' share buyback ruleChanging Labels for the Same Reported Item on the Income Statement over Multiple PeriodsFASB: Tentative Board DecisionsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Buckle up for an extra spooky serving of accounting and finance news from Embarkers Adam Olsen and Matt Fisser, including stories on: The European Parliament recently moving forward with the finalization of the first twelve sector-agnostic ESRSs following the close of the open-scrutiny period Australia and Brazil both advancing their use of the ISSB’s global baseline for sustainability reporting Comments from the SEC on its ever-gestating climate-related reporting rule 2024 examination priorities from the SEC For more information on these and related topics:Final adoption of ESRS a ‘game changer’ for mandatory reportingAustralia published ISSB-inspired draft sustainability reporting standardsBrazil Becomes First Country to Adopt Global ESG Reporting RulesSEC Chair Gensler Declines to Give Timeline for Final Climate Disclosure RuleSEC Division of Examinations Announces 2024 PrioritiesConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

A lot goes into a successful business transaction. A lot. So in this first part of our latest M&A series, your faithful Embarkers are taking a deep dive into all of those pre-transaction activities that help ensure you start off on the right foot. A little bit of due diligence goes a long way so pull up a chair!For more information on buy-side transactions and related topics:Buy-Side Due Diligence: Report Checklist and Guide for M&A and Other TransactionsPurchase Accounting: Valuations, Adjustments & Accounting for M&AsPost-Merger Integration ChecklistConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Just as they do every week, Embarkers Adam Olsen and Nicole Harger are here to deliver the accounting and finance news, including: A brief overview of the SEC’s most recent rule amendments governing beneficial ownership reporting Tentative board decisions coming from the FASB’s October 11th meeting.  Findings from the TCFD’s 2023 status report. For more information on these and related topics:SEC Fact Sheet: Modernization of Beneficial Ownership ReportingTentative Board Decisions: Wednesday, October 11, 2023 FASB Board MeetingTCFD Report Finds Sharp Increase in Company Disclosure of Climate Risks and OpportunitiesConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

As promised, given the size and importance of the EU’s CSRD and ESRS – and what they might mean for your company and reporting – we’re coming back at you with part 2 of our discussion on this critical topic. So, as usual, find a comfy seat because Embarkers Nicole Harger, Adam Olsen, and Robby Sunberg are coming at you with a metric ton of invaluable insights.For more information on CSRD, ESRS, and related topics:The ESRS Skinny: What the European Sustainability Reporting Standards Mean for YouThe EU CSRD: Why US Companies Should Care about European ESG Reporting RegulationsSB 253 and SB 261: A Look at California's Landmark Climate Reporting BillsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Don’t fear, friends…Embarkers Adam Olsen and Matt Fisser are back with what’s going on in accounting and finance this week, including: ASU 2023-06, the FASB’s response to the SEC’s Disclosure Update and Simplification Initiative. The FASB’s Oct 4 meeting focused on two key items: Codification improvements and EITF Issue No. 23-A, “Induced Conversions of Convertible Debt Instruments.” California’s forward-looking, trend-setting climate reporting bills, SB 253 and SB 261. The final edition of the UK’s Transition Plan Taskforce (TPT) Disclosure Framework, aimed at establishing a top-tier standard for companies to develop and report their climate transition plans. For more information on these and related topics:ASU 2023-06: Disclosure RequirementsFASB October 4 Meeting HandoutSB 253 and SB 261: A Look at California's Landmark Climate Reporting BillsFCA welcomes the launch of the Transition Plan Taskforce Disclosure FrameworkConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

You’ve read the headlines. Perused the articles. Maybe even had a convo or two on the topic. But now it’s time to get to the ESRS nitty gritty with your trusted Accounting Matters embarkers. So get comfy with Nicole Harger, Adam Olsen, and Robby Sunberg for this first half of a two-fer on all things CSRD and ESRS. You, your sustainability reporting, and stakeholders won’t be sorry.For more information on CSRD, ESRS, and related topics:The ESRS Skinny: What the European Sustainability Reporting Standards Mean for YouThe EU CSRD: Why US Companies Should Care about European ESG Reporting RegulationsSB 253 and SB 261: A Look at California's Landmark Climate Reporting BillsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this week’s episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss a topic that’s been on a lot of CFOs’ minds lately – ASC 326, better known as CECL. This time, it’s private companies stepping into the batter’s box, and our   resident GAAP gurus are here to provide all of the juicy details. So join in, won’t you?!For more information on CECL and related topics:Preparing for the Current Expected Credit Loss (CECL) ModelASU 2022-02: Financial Instruments, Credit LossesASC 326, Financial Instruments—Credit LossesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

If you want to know what’s going on this week in accounting and finance, Adam Olsen and Nicole Harger have your back with some critical updates, including: An update on the tentative FASB board decisions on its project focused on the accounting for and disclosure of software costs. Decisions from the Emerging Issues Task Force (“EITF”) that, if a consensus is reached, would require entities to apply the pre-existing contract approach when accounting for induced conversions of cash convertible debt instruments The SEC’s issuance of their fund “names rule” amendments For more information on these and related topics:Accounting for and Disclosure of Software CostsInduced Conversions of Convertible Debt InstrumentsSEC Enhances Rule to Prevent Misleading or Deceptive Fund NamesConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Want to know what’s happening in accounting and finance today? Then join Adam Olsen and Nicole Harger for this episode of AM Now, where they discuss: CA SB 253 and SB 261, requiring certain U.S. companies to disclose their complete GHG emissions across their value chains as well as climate-related risks  The EU Commission consultation to enhance sustainable financial disclosure practices, particularly focusing on the Sustainable Finance Disclosure Regulation (SFDR) The IASB announcement on proposed changes to IFRS Accounting Standards, aimed at improving clarity and addressing minor unintended issues within the regulations The proposed rule and form amendments from the SEC on enhancing filer access to and management of accounts on the EDGAR system For more information on these and related topics:California Governor Commits to Sign Climate Disclosure Bills into LawTargeted consultation on the implementation of the Sustainable Finance Disclosures Regulation (SFDR)SEC Proposes Improvements to EDGAR Filer Access and Account ManagementConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

As comprehensive as your financial reporting should be, it’s not the end-all-be-all. In fact, as we dicsuss in this episode of the Accounting Matters podcast, plenty can slip through the GAAP cracks, making non-GAAP measures/disclosures critical for stakeholders. So join us for a lively convo on these measures, including some key best practices and insights from Embark’s troop of SEC reporting dynamos.For more information on non-GAAP financial measures and related topics:SEC: Non-GAAP MeasuresGet to Know SEC Reporting Requirements: Forms, Disclosures, and MoreYour First SEC Filing: Get to Know the S-1Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Pull up a chair, good friend, because Embarker Matt Fisser is back with even more news from the accounting and finance world, including: The FASB Board’s recent deliberation on accounting for and disclosing crypto assets, also confirming the scope of the proposed ASU The SEC’s Division of Corporate Finance released an illustrative letter with sample comments to guide companies in their use of XBRL and Inline XBRL For more information on these and related topics:FASB Project Update: Accounting for and Disclosure of Crypto AssetsSEC: Sample Letter to Companies Regarding Their XBRL DisclosuresConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Have a seat for another week of updates from the accounting & finance world, where Embarkers Adam Olsen and Matt Fisser discuss topics like: An investor coalition with >$1B assets recently urged the International Sustainability Standards Board (ISSB) to prioritize human capital and human rights in its next round of global reporting standards. The FASB‘s recent board meeting, discussing one of its key projects on its technical agenda – improvements to income tax disclosures.  A new chapter in the FASB’s Conceptual Framework on recognizing and derecognizing items in financial statements. For more information on these and related topics:Investors Urge ISSB to Develop Reporting Standard for Human Rights and Human CapitalFASB Tentative Board Decisions 08/30/23: Improvements to Income Tax DisclosuresConceptual Framework for Financial Reporting, Chapter 5, Recognition and DerecognitionConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

The digital world is bananas. You’ve seen The Matrix, right? Countless bad peeps with bad intentions, all staring lovingly at your critical business data – and not in a good way. So join us for this very special episode of the Accounting Matters podcast as we dive into the new SEC cybersecurity rules, why they’re so essential, and, perhaps most importantly, what they mean for your company and financial reporting.For more information on the SEC cybersecurity rules:Understanding the SEC Cybersecurity Rules and What They Mean for CompaniesSEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public CompaniesSEC: Cybersecurity Risk Management, Strategy, Governance, and Incident DisclosureConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Guess what? Embarkers Adam Olsen and Nicole Harger are back at it with this week’s goings-on in accounting and finance, including: The FASB’s recent Accounting Standards Update 2023-05 aimed at enhancing transparency and consistency in financial reporting for joint ventures. New SEC rules and amendments under the Advisers Act designed to provide better safeguards for investors and ensure greater transparency in the private fund sector. The SEC’s announcement on reopening the comment period for its "Safeguarding Advisory Client Assets" proposal. For more information on these and related topics:FASB: ASU 2023-05, Business Combinations–Joint Venture FormationsSEC Enhances the Regulation of Private Fund AdvisersSEC: Safeguarding Advisory Client Assets; Reopening of Comment PeriodConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Join AM Now hosts Adam Olsen and Nicole Harger for another dose of what’s happening in accounting and finance these days, including: Highlights from the recently released third annual FASB Investor Outreach Report, which sheds light on the Financial Accounting Standards Board's engagement with investors  Overview of the EU's Carbon Border Adjustment Mechanism (CBAM) and the European Commission’s new reporting rules for importers involved in CBAM The future of the SASB Standards amidst the recent advancements by the ISSB’s IFRS S1 and S2 For more information on these and related topics:The FASB Investor Outreach Report, 2022-2023Commission adopts detailed reporting rules for the Carbon Border Adjustment Mechanism’s transitional phaseFuture of the SASB Standards: What you need to know for 2023 disclosureConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Startups have a lot going on. A lot. But all the growth in the world won’t matter if you aren’t building a solid accounting and reporting foundation. Enter our new Start-Up Company Series of episodes, focusing on financial reporting basics – the balance sheet this go-around. So join Embarkers Adam Olsen, Zac Smith, and Mack Martinez for insights, tips, and best practices specifically for startups. Dig in!For more information on startup- and reporting-related topics:6 Ways to Improve the Reporting Side of Your Record to Report ProcessChart of Accounts Examples, Template, and TipsManaging Growth: 7 Critical Questions CFOs Should AskConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

To state the obvious, rev rec has some teeth. But construction and engineering companies face even more potential potholes than most thanks to a nuanced industry filled to the brim with complex contracts. That's why Embarkers Adam Olsen, Zac Smith, and Donald Thomas devoted an entire Accounting Matters episode on 606 issues for construction and engineering companies. Enjoy!For more information on ASC 606 and related topics:Navigating ASC 606 Revenue Recognition: A Comprehensive Guide for CFOsASC 606, Revenue from Contracts with CustomersFor more information on carbon accounting and related topics:Carbon Credit Accounting: Considerations for Environmental CreditsWhy ESG Is So Important to Your Organization's FutureESG Reporting Best Practices: Implementation & BeyondGHG Inventory Development Process and GuidanceConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Once again, AM Now hosts Adam Olsen and Matt Fisser are here to deliver news from the accounting and finance world, including: Warnings from the PCAOB and SEC on “assurance” work for crypto companies The IASB recently released amendments to IAS 21, the effects of changes in foreign exchange rates The IAASB’s unanimous thumbs up to the ISSA 5000 draft, General Requirements for Sustainability Assurance Engagement Update on the two key California bills on climate reporting, SB 253 and SB 261 For more information on these and related topics:SEC: The Potential Pitfalls of Purported Crypto “Assurance” WorkIFRS Project: Lack of Exchangeability (Amendments to IAS 21)Understanding International Standard on Sustainability Assurance 5000California Emissions Reporting Bill Would Go Further Than SECConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Your AM Now hosts Adam Olsen and Matt Fisser are back this week to deliver more news from the accounting & finance world, including: The finalization of the European Sustainability Reporting Standards (ESRS) ISSB on the importance of interoperability between climate disclosure standards UK plans to create Sustainability Disclosure Standards (UK SDS) Final rule on cybersecurity from the SEC More on the FASB project on the disaggregation of certain income statement expenses For more information on these and related topics:The Commission adopts the European Sustainability Reporting StandardsEuropean Commission, EFRAG and ISSB confirm high degree of climate-disclosure alignmentUK Sustainability Disclosure StandardsSEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public CompaniesFASB: Disaggregation—Income Statement ExpensesConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify

Building on our recent “GHG 101 – Introduction to Carbon Accounting” episode, Embarkers Adam Olsen, Zac Smith, and Fabian Garavito roll up their sleeves a bit higher this week. Want to know what emission factors involved in GHG (greenhouse gas) accounting and reporting mean for your accounting and reporting functions going forward? You came to the right place…so dig in!For more information on carbon accounting and related topics:Carbon Credit Accounting: Considerations for Environmental CreditsWhy ESG Is So Important to Your Organization's FutureESG Reporting Best Practices: Implementation & BeyondGHG Inventory Development Process and GuidanceConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Once again, your AM Now hosts Adam Olsen and Nicole Harger are here to discuss recent accounting news, including: Newest update from the FASB, ASU 2023-03 SEC sample letter on China-related disclosures ESMA on sustainability disclosures in prospectuses ISSB proposed IFRS sustainability disclosure taxonomy IOSCO’s key endorsement of the ISSB’s sustainability-related financial disclosures For more information on these and related topics:FASB: Accounting Standards Update No. 2023-03SEC: Sample Letter to Companies Regarding China-Specific DisclosuresESMA provides insights into the expected sustainability disclosures in prospectusesISSB to publish Proposed IFRS Sustainability Disclosure TaxonomyIFRS Sustainability Disclosure Standards endorsed by international securities regulatorsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

As if ASC 606 wasn’t complicated and challenging enough! Software companies face even higher hurdles than most thanks to a nuanced industry filled to the brim with complex arrangements. But have no fear because Embarkers Adam Olsen, Zac Smith, and Donald Thomas have your back in this episode of the Accounting Matters podcast, packed with insights and best practices to ease your rev rec woes.For more information on ASC 606 and related topics:Navigating ASC 606 Revenue Recognition: A Comprehensive Guide for CFOsASC 606, Revenue from Contracts with CustomersConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Ready for some hot accounting topics? Join hosts Adam Olsen and Matt Fisser as they discuss what’s happening in accounting these days, including: Recent money market reforms from the SEC The SEC’s proposed amendments to broker-dealers The GASB’s newly published guide on leases and IT subscriptions    For more information on these and related topics:SEC Adopts Money Market Fund Reforms and Amendments to Form PF Reporting SEC Proposes Rule Amendments to the Broker-Dealer Customer Protection RuleGASB, Implementation Guide No. 2023-1Connect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

AM Now hosts Adam Olsen and Nicole Harger are at it again, delivering yet another round of critical updates from the accounting world, including: The FASB’s proposed standard update to improve the accounting for purchased financial assets under ASC 326 A quick recap of the recent Private Company Council (PCC) meeting held at the end of June The IFRS Foundation takes over the monitoring of sustainability reporting progress from the TCFD.   For more information on these and related topics:Proposed Accounting Standards Update, Financial Instruments—Credit Losses (Topic 326)PCC Meeting RecapIFRS to Take Over Responsibilities of the TCFDConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Are you a public entity? And have you acquired – or will acquire – a significant business? Well, then do we have a stout SEC reg for you. Meet S-X Rule 3-05, a key piece of regulation registrants must know to file financial statements for an acquired business. And wouldn’t you know it – Embarkers Adam Olsen and Zac Smith cover that very topic on this episode of Accounting Matters. So pull up a seat and join us!For more information on S-X Rule 3-05 and acquisitions:Financial Disclosures about Acquired and Disposed BusinessesPurchase Accounting: Adjustments & Accounting for M&AsAccounting for Asset Acquisitions vs. Business Combinations: Sweat the DetailsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

AM Now hosts Nicole Harger and Matt Fisser break down this week’s news on the accounting front, including: The IFRS announced it officially launched its new global sustainability and climate disclosure standards (GSCR). The SEC reopened its comment period for its proposed rule on position reporting of large security-based swap positions. PCAOB issues a proposal to bring greater clarity to certain auditor responsibilities when using technology-assisted analysis A summary of the recent Audit Committee Spotlight issued by the PCAOB For more information on these and related topics:IFRS Releases Global Sustainability and Climate Reporting StandardsSEC Reopens Comment Period for Position Reporting of Large Security-Based Swap PositionsPCAOB on improved audit clarity when using technology-assisted analysisPCAOB: June 2023 Spotlight, Audit Committee ResourceConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Accounting for GHG (greenhouse gasses) is exactly how you think it is – unfamiliar and complex. And, like it or not, it’s going to be a requirement for many businesses soon. So join Embarkers Adam Olsen, Zac Smith, and Fabian Garavito for a discussion on carbon accounting, the common frameworks and disclosures in place, and what you need to do to help your business capture and report the right data.For more information on carbon  accounting and related topics:Carbon Credit Accounting: Considerations for Environmental CreditsWhy ESG Is So Important to Your Organization's FutureESG Reporting Best Practices: Implementation & BeyondGHG Inventory Development Process and GuidanceConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this episode of AM Now, hosts Adam Olsen and Matt Fisser cover a veritable potpourri of accounting news, including: The SEC spring 2023 reg-flex update on the expected timing of the final climate change disclosure rule, ESG investment practices, cyber risk disclosures, and more Continued discussions from the EITF on its recently added project, EITF Issue No. 23-A: Induced Conversions of Convertible Debt Instruments.   The ISSB is working towards issuing its first two sustainability standards IFRS S1 and IFRS S2 by the end of this month Recently issued observations from the PCAOB related to public company audits involving crypto assets For more information on these and related topics:SEC Spring 2023 Reg-Flex AgendaInduced Conversions of Convertible Debt Instruments (EITF Issue No. 23-A)IFRS: General Sustainability-related DisclosuresPCAOB: Inspection Observations Related to Public Company Audits Involving Crypto AssetsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of AM Now, your hosts Adam Olsen and Nicole Harger dive deep into this week’s accounting news, including: The FASB describes a reporting entity in the recently released Chapter 2 of the Conceptual Framework. The SEC adopting three rules, two relating to the securities-based swaps markets and another removing and replacing references to credit ratings from existing exceptions in Rule 101 and Rule 102 of Regulation M The PCAOB issuing a proposal to increase auditor vigilance against fraud and other forms of noncompliance with laws and regulations The new Forum ISSB Preparers Group and the European Commission publishing the draft of the first set of ESRS For more information on these and related topics:FASB Issues New Chapter of its Conceptual Framework: The Reporting EntitySEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps Transactions and Prevent Undue Influence over CCOsSEC Adopts Amendments to Remove References to Credit Ratings From Regulation MWorld Economic Forum and ISSB Partner to Compile Learnings on Early Sustainability Reporting EffortsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Making the switch from cash to accrual accounting is like being called up to the majors – it’s a big deal. To help you with that transition, Embarkers Adam Olsen, Zac Smith, and Mack Martinez take a deep dive into the process in this episode of Accounting Matters. So dig in, because some prime-grade insights and best practices are heading your way.For more information on accrual accounting and related topics:Cash to Accrual: How to Convert to GAAP AccountingNavigating ASC 606 Revenue Recognition: A Comprehensive Guide for CFOsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

As always, you’re trusty AM Now hosts, Adam Olsen and Matt Fisser, are here to discuss this week’s accounting news, including: The IASB’s new disclosure requirements to enhance the transparency of supplier finance arrangements, including effects on a company’s liabilities, cash flows, and exposure to liquidity risk. The GASB recently adding a new project to its technical agenda, focusing on the accounting for infrastructure assets.   The SEC dropping the hammer with security law violations on Coinbase as well as Binance and its founder. For more information on these and related topics:IASB Increases Transparency of Companies’ Supplier FinanceGASB Adds Project on Infrastructure Assets to Current Technical AgendaSEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing AgencySEC Files 13 Charges Against Binance Entities and Founder Changpeng ZhaoConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Accounting for environmental credits might not make splashy headlines but that doesn’t mean they aren’t important. Soon to be critical, in fact. So join Embarkers Adam Olsen, Zac Smith, and Nicole Harger for this area of accounting that’s playing an increasingly vital role in an ESG-dominated landscape for CFOs and their teams.For more information on accounting for environmental credits and related topics:Carbon Credit Accounting: Considerations for Environmental CreditsFASB Project Update: Accounting for Environmental Credit ProgramsMaking Sense of the SEC's Climate Change Disclosure ProposalConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join AM Now hosts Adam Olsen and Nicole Harger for a lively discussion on what’s happening in the accounting world this week, including: The FASB’s tentative board decisions relating to its proposed accounting standard update for disclosure improvements The International Sustainability Standards Board’s (ISSB) consultation on agenda priorities The International Auditing and Assurance Standards Board’s (IAASB) proposed revisions for their audit standard on going concern ChatGPT-4’s successful crack at the CPA exam For more information on these and related topics:Disclosure Improvements in Response to the SEC’s Release on Disclosure Update and SimplificationISSB Consultation on Agenda PrioritiesIAASB Opens Public Consultation for Its Revised Going Concern StandardChatGPT Passes CPA Exam on V. 4.0Connect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In another gangbuster of an AM Now episode, your hosts Adam Olsen and Nicole Harger discuss what’s happening this week in the accounting world, including: An overview of the FASB’s newest proposed standard on accounting for profits interest awards A summary of the topics discussed and outcomes from the Private Company Council’s most recent meeting, including software costs, crypto assets, stock comp disclosures, and more Recent SEC developments on Form PF and disclosures related to issuers’ share repurchases The ISSB’s recent exposure draft on its proposed methodology for amending the non-climate-related SASB Standards metrics For more information on these and related topics:FASB Issues Proposal to Clarify Accounting Guidance Related to Profits Interest AwardsPCC April 25, 2023 Meeting RecapSEC Adopts Amendments to Enhance Private Fund ReportingSEC Adopts Amendments to Modernize Share Repurchase DisclosureISSB Exposure DraftConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Manual processes are every finance organization’s kryptonite – slow, tedious, susceptible to errors and inaccuracies. But as Embarkers Adam Olsen, Zac Smith, and Hayden McHan discuss in this episode of Accounting Matters, Alteryx puts those issues to rest with automated efficiencies that your people, stakeholders, and auditors will all love.For more information on Alteryx and automation: Alteryx for Accounting: The Future of the Finance Organization Enhancing Your Accounting Function through Data Analytics and Automation The Business Intelligence Revolution: The Road to Data-Driven Decision Making Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this week’s AM Now, hosts Adam Olsen and Matt Fisser cover a veritable cornucopia of accounting topics, including: The FASB added a new project to its Emerging Issues Task Force – induced conversion accounting on certain settlements of convertible debt instruments that occur on terms that differ from the stated contractual conversion provisions. Now that’s a mouthful. The SEC’s recently issued investor bulletin highlighting the ongoing transition from LIBOR The SEC extended the time period for its review of proposed rule changes by national exchanges relating to executive incentive compensation clawbacks.  A slew of sustainability reporting updates So join the fun!ESG Reporting Best Practices: Implementation & BeyondInduced Conversions of Convertible Debt Instruments (EITF Issue No. 23-A)What You Need to Know About the End of LIBOR – Investor BulletinSEC Extends Time for Review of NYSE and Nasdaq Clawback-Related Listing StandardsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

A bit mystified by EXtensible Business Reporting Language, aka XBRL? Then you’re in the right place, because Embarkers Adam Olsen, Zac Smith, and Sarah Keiffer just took a deep dive into all things XBRL, discussing the who, what, where, when, and why behind this curious but impactful little reporting acronym. So come along for the ride, shall you?!For more information on XBRL and related topics:XBRL: The Business Reporting StandardXBRL US Center for Data QualityPublic Company Financial Reporting & Disclosure RequirementsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join hosts Adam Olsen and Nicole Harger for this week’s AM Now where they discuss: NASBA changing its Uniform Accountancy Act Model Rules, increasing the time a CPA candidate has to complete the exam after passing the first section from 18 months to 30 months A recent PCAOB report discussing the importance of a more skeptical eye when auditing a company’s financials As ubiquitous and successful as ChatGPT has been recently, the technology averaged a mere 47% on accounting exams according to a recent study For more information on these topics:NASBA Announces Historic Rule Amendment Following Record Exposure Draft ResponsePCAOB – Professional Competence and Skepticism Are Essential to Quality AuditsThe ChatGPT Artificial Intelligence Chatbot: How Well Does It Answer Accounting Assessment Questions?Connect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

This week in AM Now, Embarkers Adam Olsen and Matt Fisser discuss what’s happening on the accounting and finance front, including: The PCAOB’s ongoing concerns over audit quality and how they’ll address them in their 2023 inspection plans. The SEC just reopened the comment period for its proposed amendments to the definition of “exchange” under the Exchange Act in light of crypto assets and DeFi systems For more information on these topics:2023 Inspections to Prioritize Audit Risks Related to Fraud, the Financial Services Sector, CryptoCrypto Accounting: Decrypting Digital Assets for CFOs and CAOsSEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental InformationConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In the latest episode of your favorite accounting podcast, Accounting Matters hosts Adam Olsen and Zac Smith dissect the SEC’s final rule on pay vs. performance. Executive comp is a hot button issue sitting under a hot spotlight – and that’s an awful lot of hotness. So pull up a seat, registrants, because this is an important one you’re going to want to take notes on.For more information on pay vs. performance and related topics:SEC Adopts Pay Versus Performance Disclosure RulesHow to Choose the Right Stock Comp Accounting SoftwareBest Practices for Choosing & Maintaining a Stock Comp PlanConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen and Nicole Harger for this week’s AM Now, where they discuss what’s going on in the world of accounting and finance, including: The FASB’s proposed ASU on joint venture formations Update on potential recognition and measurement models on accounting for software costs ISSB transition relief for IFRS S1, the general requirement disclosure for sustainability-related financial information Thirsty for more knowledge? Then check out these other resources on related topics: ASC 805, Business CombinationsExecutive Clawbacks: How the SEC Ruling Impacts CompensationAccounting for Shiny New Software, Cloud, and Website Tech CostsExposure Draft – IFRS S1Connect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this week’s AM Now, Embarkers Adam Olsen and Matt Fisser discuss what’s going on in the world of accounting and finance, including: ASU 2023-02, Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method Updates on FASB projects – the conceptual framework (reporting entity), income statement expense disaggregation, and credit losses for acquired financial assets COSO guidance on effective internal controls over sustainability reporting (ICSR) But why stop there? Check out some additional resources on these and other related topics:ASU 2023-02, Investments—Equity Method and Joint VenturesCECL – Private Companies, It’s Your Turn NowPreparing for the Current Expected Credit Loss (CECL) ModelCOSO – Achieving Effective Internal Control Over Sustainability Reporting (ICSR)Connect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this week’s episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss a topic that’s been on a lot of CFOs’ minds lately – ASC 326, better known as CECL. This time, it’s private companies stepping into the batter’s box, and our   resident GAAP gurus are here to provide all of the juicy details. So join in, won’t you?!For more information on CECL and related topics:Preparing for the Current Expected Credit Loss (CECL) ModelASU 2022-02: Financial Instruments, Credit LossesASC 326, Financial Instruments—Credit LossesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join us for the latest episode of AM Now, where hosts Adam Olsen and Nicole Harger discuss: Hot off the presses – ASU 2023-01, Common Control Lease Arrangements Update on the FASB’s fast-moving crypto asset project and proposed disclosures The IASB exposure draft on accounting for financial instruments under IFRS 7 The SEC’s proposed modernization of forms, filings, and materials submissions Texas’s bill that would allow CPA candidates to sit for the exam with 120 only hours Hungry for more knowledge? Then check out these related resources:ASU 2023-1, Common Control ArrangementsCrypto Accounting: Decrypting Digital Assets for CFOs and CAOsIFRS 7 Financial Instruments: DisclosuresTexas Close to Allowing CPA Candidates to Test with 120 CreditsConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this week’s AM Now, Embarkers Adam Olsen and Matt Fisser tackle:: The FASB’s proposed enhancements to income tax disclosures The SEC’s recently proposed three rules related to cybersecurity and data breaches The IASB accelerating standards on disclosures concerning supply chain finance programs Key considerations for companies as they transition from audit season to proxy season For more information on these and related topics:FASB Project Update: Improvements to Income Tax DisclosuresStatement on Amendments to Regulation S-P, Cybersecurity Risk Management, and Amendments to Regulation SCIBuy Now, Pay Later: Rise of the Supplier Finance ProgramConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of Accounting Matters, Embarkers Adam Olsen and Zac Smith zoom in on sustainability-linked debt, how it works, why it exists, and the potential complications it might cause for accounting teams. So pull up a chair and have a listen!For more information on sustainability and ESG-related topics:ESG Reporting Best Practices: Implementation & BeyondEffective ESG Leadership: A Competitive Advantage That’s Tough to BeatWhy ESG Is So Important to Your Organization's FutureConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this particularly timely episode of AM Now, Embarkers Adam Olsen and Nicole Harger roll up their sleeves to discuss: The recent banking crises, ASC 275, FDIC insurance, risk management, and other areas finance leaders should know in light of the events around SVB & Signature Bank Auditing standard and digital asset updates from the AICPA  by way of SAS 149 and its Digital Assets Practice Aid For more information on these and related topics:Crypto Accounting: Decrypting Digital Assets for CFOs and CAOsASC 275—Risks and UncertaintiesSAS 149 New Group Audits StandardAICPA Digital Assets Practice AidConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In this episode of your favorite weekly accounting & finance podcast, AM Now hosts Adam Olsen and Matt Fisser discuss: The SEC’s continued focus on non-GAAP measures Artificial intelligence’s potential in capital allocation decisions for investors The recent IFRS Sustainability Symposium, the ISSB and their standards    So join in on the party, shall you?For more information on these and related topics:ESG Reporting Best Practices: Implementation & BeyondSEC: Non-GAAP Financial MeasuresISSB UpdatesConnect with Embark on:  LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Zac Smith, and Chase Anderson for a hearty conversation on the recent “executive clawback” ruling from the SEC. They discuss the rule itself, where “Big R” and “Little r” restatements fit into the mix, and what it all means for corporate accounting and leadership teams. So pull up a chair and have a listen!For more information on executive clawbacks and related topics:Statement on Final Rules Regarding Clawbacks of Erroneously Awarded CompensationMethods for a Summary of Misstatements: Iron Curtain vs. Rollover ApproachBest Practices for Choosing & Maintaining a Stock Comp PlanConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this week’s AM Now, Embarkers Adam Olsen and Nicole Harger look at the recent inflation report from the US Department of Commerce, the interest rate environment, and how they can impact impairment and valuation analyses, cash flow, MD&A disclosures, and more. The dynamic duo also touch on FASB website enhancements, CPA licensure education requirements, and the recent move from the ISSB on solidifying its initial sustainability reporting standards. So join the fun!For more information on these and related topics:ESG Reporting Best Practices: Implementation & BeyondGoodwill Impairment Testing Guide, Examples, & Accounting TipsCash Flow Worksheet Template, Basics, & Best PracticesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen and Matt Fisser for this week’s AM Now episode, where they’re taking a dive into PCAOB oversight (or lack thereof) of crypto assets in the FTX aftermath, as well as the SEC revisiting the so-called Custody Rule.For more information on these and related topics:Crypto Accounting: Decrypting Digital Assets for CFOs and CAOsLack of Crypto Audit Regulation Raises Questions About PCAOB AuthoritySEC Proposes Enhanced Safeguarding Rule for Registered Investment AdvisersConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

Nothing like a hearty supplier finance arrangement to make a well-meaning accountant’s eyes glaze over a bit, huh? Well, as Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss in this Accounting Matters episode, these programs can be a benefit to all parties involved, with the latest guidance update just increasing transparency around them. In other words, there’s nothing to fear but fear itself. And snakes. But certainly not these arrangements.For more information on supplier finance programs and related topics:ASU 2022-04, Liabilities—Supplier Finance ProgramsMD&A Disclosure Requirements: Insights, Quick Tips, and Best PracticesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

It’s a busy time for accounting peeps. In this episode of AM Now, Embarkers Adam Olsen and Nicole Harger discuss: Recent FASB news regarding crypto accounting and a future ASU More FASB updates on the common control lease arrangement project The executive clawback rule from the SEC and what it means for registrants For more information on these topics:Crypto Accounting: Decrypting Digital Assets for CFOs and CAOsAccounting for and Disclosure of Crypto Assets Project UpdateCommon Control Arrangements Project UpdateStatement on Final Rules Regarding Clawbacks of Erroneously Awarded CompensationConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Accounting doesn’t always go smoothly. Errors can and do happen, even for the most veteran of accountants, CFOs, and companies. So what do you do when mistakes join the reporting party? That’s exactly what Adam Olsen, Zac Smith, and Nicole Harger discuss in this second episode of our Accounting Matters series on restatements. So turn it up!For more information on accounting errors, financial reporting, and related topics:ASC 250—Accounting Changes and Error Corrections10 Reasons Your Financial Reporting Is Too Slow Or Inaccurate5 Struggles To Overcome Around Year-End Financial ReportingConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

GAAP isn’t set in stone. It’s dynamic, just like the business environment itself. So when there’s a change in accounting principles, you need to adapt to them. In this episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss that process and what it means when you’re trying to close the books.For more information on accounting changes, financial reporting, and related topics:ASC 250—Accounting Changes and Error Corrections10 Reasons Your Financial Reporting Is Too Slow Or Inaccurate5 Struggles To Overcome Around Year-End Financial ReportingConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Audits don’t give CFOs and their teams the warm and fuzzies. That’s especially true for a first-year audit, where unfamiliarity can quickly crank the anxiety up to eleven. But that’s why you should pull up a chair and have a listen to this latest episode of the Accounting Matters Podcast, where Embarkers Adam Olsen, Zac Smith, and Dawna Boone give you the lay of the audit land.For more information on financial statement audits and related topics:Financial Statement Audit: Tips & Insights on Tackling Your First-Year AuditThe Differences Between an AICPA Audit and PCAOB AuditContinuous Auditing Is the Value Creating Risk Detector CFOs Dream AboutConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

This isn’t the first time we’ve discussed ESG on the Accounting Matters podcast, and it definitely won’t be the last. Our attendance at the 2022 AICPA & CIMA conference only confirmed the hyper-relevance of this essential topic, where ESG was top-of-mind throughout the three days. So join us for this special episode as Embarkers Adam Olsen and Robbie Sundberg discuss everything they heard about ESG reporting and, most importantly, what it means for your reporting going forward.For more information on ESG reporting:ESG Reporting Best Practices: Implementation & BeyondEffective ESG Leadership: A Competitive Advantage That’s Tough to BeatWhy ESG Is So Important to Your Organization's FutureConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

So, digital assets – cryptocurrencies, in particular – are having a bit of a moment right now, aren’t they? This volatility only creates an avalanche of questions around accounting and reporting for crypto from CFOs and their teams. That’s why Embarkers Adam Olsen and Donald Thomas are spilling the beans on what they heard on this important topic at the recent AICPA & CIMA conference. So join in on the fun!For more information on accounting for digital assets:Crypto Accounting: Decrypting Digital Assets for CFOs and CAOsGoodwill Impairment Testing Guide, Examples, & Accounting TipsAICPA Accounting for and Auditing of Digital Assets Practice Aid Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

When it comes to reporting, there aren’t too many topics more relevant for CFOs and their teams than cybersecurity. That’s why Embarkers Adam Olsen and Chase Anderson sat to discuss what they heard on this critical topic during the recent AICPA & CIMA conference, including:Improved reporting and transparency for financial statement users Materiality, both quantitative and qualitative The evolution of cybersecurity and risks SEC cyber proposals And more! For more information on cybersecurity and related topics:SOX Compliance Requirements, Controls & Audits: Revisiting Sarbanes-Oxley at 20Effective Internal Audit Procedures Strengthen Your CybersecurityCybersecurity for Accounting & Finance LeadersConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

FASB. GAAP. Technical accounting. That’s the language accountants speak, so it’s no wonder the 2022 AICPA & CIMA conference focused on FASB priorities. Therefore, it just makes sense for Embarkers Adam Olsen and Nicole Harger to share everything they heard about the FASB’s crowded upcoming agenda during the conference. So join us for a discussion on critical topics like: The FASB’s standard-setting process Accounting for crypto assets Disaggregation and transparency FASB and IASB convergence And so much more! For more information on the FASB and technical accounting solutions:FASB Technical AgendaIASB-FASB ConvergenceEmbark’s Financial Accounting Advisory ServicesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Want to know what the SEC is prioritizing on the reporting front in the near and longer-term future? Or the advice it has to offer companies right now? Then join Embarkers Adam Olsen and Jana Gregory as they discuss key takeaways from the AICPA & CIMA conference, including: The role of the SEC Regulations Transparency for investors MD&A Non-GAAP measurements Pay vs performance And so much more! For more information on SEC reporting and related topics:Get to Know SEC Reporting Requirements: Forms, Disclosures, and MoreSEC Disclosure Updates & Simplifications: What You Need To KnowMD&A Disclosure Requirements: Insights, Quick Tips, and Best PracticesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this special edition of the Accounting Matters podcast, Embarkers Adam Olsen and Nicole Harger dive into all things financial reporting. Specifically, they discuss: The importance of financial reporting & transparency during economic uncertainty Accounting estimates/judgments impacted by uncertainty Disclosures, today and going forward Rising expectations around disaggregation Direct method cash flow statements And so much more! For more information on financial reporting and related topics:Public Company Financial Reporting & Disclosure RequirementsWhy You Shouldn't Report From Your ERP10 Reasons Your Financial Reporting Is Too Slow Or InaccurateConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Global pandemic. The Great Resignation. Decades-high inflation. Geo-political strife. The last few years have been, in a word – trying. But as we discuss in this latest Accounting Matters episode, businesses don’t have the option of sitting on their hands and hoping for the best. So join Embarkers Adam Olsen, Zac Smith, and James Durrenburger for a look at the many ways economic uncertainty impacts a company’s accounting and reporting. For more information on accounting and reporting during economic uncertainty:Accounting for the Impairment of Long Lived Assets: Testing, Examples & MoreGoodwill Impairment Testing Guide, Examples, & Accounting TipsThe Accounting & Finance Roadmap for Distressed CompaniesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

The laundry list of things that can go bump in the financial night for businesses is long and terrifying. That’s why your company needs to understand how to proceed when everything seems upside down. So join Embarkers Adam Olsen, Zac Smith, and Lou Port for an in-depth discussion on what a company might face on the accounting front when the unthinkable happens.For more information on accounting for natural disasters and related topics:Accounting for the Impairment of Long Lived Assets: Testing, Examples & MoreGoodwill Impairment Testing Guide, Examples, & Accounting TipsEnterprise Risk Management Framework: Insights & Tips From the ERM FrontlinesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Bitcoin, Ethereum, NFTs, Blockchain – accounting for today’s world of digital assets is a migraine waiting to happen. That is, unless you have the right experts leading the way. Enter Adam Olsen, Zac Smith, and Matt Fisser, three Embarkers who just happen to possess that very expertise. So join us for this incredibly informative episode as we cover basic definitions and concepts, what the SEC and GAAP have to say on the topic, and so much more!For more information on accounting for digital assets:ASC 350 Intangibles—Goodwill and OtherIt’s Time to Talk About Cryptocurrency and Digital Asset AccountingCryptocurrency and Digital Asset AccountingBlockchain and Digital Assets (AICPA)Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

You didn’t think we were done with fair value after our “Fair & Square – Accounting for Fair Value Measurements” episode, did you? Au Contraire, Mon Frere. Now, Embarkers Adam Olsen, Zac Smith, and Matt Schwartz are cranking it up to 11 by bringing ASC 825 and accounting for fair value options into the mix. So get comfy because some primo insights and best practices are heading your way.For more information on fair value and related topics:ASC 825–Financial InstrumentsASC 820–Fair Value MeasurementAccounting for Convertible Instruments: New Convertible Debt Standard & MoreConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

While temporary – or mezzanine – equity isn’t exactly fodder for salacious headlines, it’s still an important topic for SEC registrants (and certain private businesses). But what exactly is it? And what does the guidance in ASC 480 say about these ‘tweener redeemables? That’s exactly what Embarkers Adam Olsen, Zac Smith, and Michael Landers discuss in this episode of our Accounting Matters podcast. So join us!For more information on accounting for temporary equity and related topics:ASC 480–Distinguishing Liabilities from EquityASC 815–Derivatives and HedgingAccounting for Convertible Instruments: New Convertible Debt Standard & MoreConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Wrapping up our two-part discussion on ASC 480 and debt vs. equity capitalization, Embarkers Adam Olsen, Zac Smith, and Nicole Harger roll up their sleeves for an in-depth conversation on the three distinct instrument classes in the guidance. Have questions about redeemable financial instruments, repurchase obligations, or obligations to issue a variable number of shares? Then you came to the right place! So dig in!For more information on ASC 480 and related topics:ASC 480–Distinguishing Liabilities from EquitySPAC Warrants: What the SEC Statement Means for Accounting and ReportingConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Zac Smith, and Julie Avellanet for a peek into the complicated, often error-prone world of ASC 480 and reporting on debt vs. equity capitalization. We’ll break down the many moving parts involved, what the guidance specifically addresses, and discuss ASC 480’s general requirements. Whether you’re a go-getter startup or a grizzled veteran of an organization, ASC 480 is relevant, essential, and complex. So pull up a seat and join in on the convo!For more information on ASC 480 and related topics:ASC 480–Distinguishing Liabilities from EquitySPAC Warrants: What the SEC Statement Means for Accounting and ReportingConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Will Carroll, and John Erickson as they dive into ASC 805 and all things business combinations. Want to learn how business combos differ from asset transactions? Or are you looking for some useful insights and tips on points like consideration, allocation, reconciliation, and implications to stay aware of? Then find a quiet spot and turn up the volume because they’re heading your way!For more information on valuation, business combinations, and related topics:ASC 805–Business CombinationsAccounting for Asset Acquisitions vs. Business Combinations: Sweat the DetailsWhen to Engage with a Valuation Services ProviderConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen and Matt Schwartz for a discussion on fair value measurements in this episode of Accounting Matters. Sure, it doesn’t often make headlines, but fair value is oh-so important to the balance sheet, financial reporting as a whole, and the accurate, transparent information investors need. If you’re looking for insights, maybe even some best practices, on accounting for fair value measurements, you’ve come to the right place.For more information on accounting for fair value measurements and related topics:ASC 820–Fair Value MeasurementPurchase Accounting: Adjustments & Accounting for M&AsAccounting for Asset Acquisitions vs. Business Combinations: Sweat the DetailsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Zac Smith, and Nicole Harger for this second episode of the Accounting Matters podcast on accounting for profit interest awards. This go around, we take a look at the differences between the relevant guidance – ASC 710 and 718 – where and when each might apply, as well as a few best practices for good measure.For more information on accounting for profit interest awards and compensation:Best Practices for Choosing & Maintaining a Stock Comp PlanASC 710 Compensation–GeneralASC 718 Compensation–Stock CompensationConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss accounting for profit interest awards, what GAAP has to say about them, and why they’re gaining in popularity these days. Done right and profit interest awards can be a win-win. Done wrong and they’re an accounting standards migraine waiting to happen…so listen closely!For more information on accounting for profit interest awards and compensation:Best Practices for Choosing & Maintaining a Stock Comp PlanASC 710 Compensation–GeneralASC 718 Compensation–Stock CompensationConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join us for a demystifying episode of the Accounting Matters podcast as Embarkers Adam Olsen, Zac Smith, and Julie Avellanet take a closer look at accounting for stock warrants. Yes, warrants can be a bit confusing at first glance, even for veteran accountants. But as you’ll find out, their bark is usually worse than their bite.For more information on warrants and equity accounting:ASC 718: Compensation–Stock CompensationEquity Accounting Transaction Considerations and Other ComplexitiesASU 2020-06 and You: Simplifying Accounting for Convertible InstrumentsConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Manual processes are every finance organization’s kryptonite – slow, tedious, susceptible to errors and inaccuracies. But as Embarkers Adam Olsen, Zac Smith, and Hayden McHan discuss in this episode of Accounting Matters, Alteryx puts those issues to rest with automated efficiencies that your people, stakeholders, and auditors will all love.For more information on Alteryx and automation: Alteryx for Accounting: The Future of the Finance Organization Enhancing Your Accounting Function through Data Analytics and Automation The Business Intelligence Revolution: The Road to Data-Driven Decision Making Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

The S&G sides of ESG – social & governance – might not get the same headlines as that E, but wield just as mighty a sword as their environmental cousin. So join Embarkers Adam Olsen, Sarah Cage Richter, Robby Sundberg, Fabian Garavito, and Caroline Willet for a closer look at these less-heralded but oh-so-important parts of your organization’s ESG strategy.For more information on ESG: Why ESG Is So Important to Your Organization's Future SEC: Modernization of Regulation S-K Items 101, 103, and 105 Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Sarah Cage Richter, Chase Anderson, and Jana Gregory for a look at the current SPAC market, where it’s been trending lately, and how the proposed disclosure requirements from the SEC would impact reporting at the IPO and de-SPAC stages.For more information on SPACs: SPACs: What's a Special Purpose Acquisition Company? Proposed SEC SPAC Disclosure Rules Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Sarah Cage Richter, Caroline Willet, and Robby Sundberg for a deeper dive into the SEC’s proposed rules regarding ESG, existing reporting frameworks and guidelines, and a look at non-emission related ESG reporting matters as well.For more information on ESG: Why ESG Is So Important to Your Organization's Future SEC Response to Climate and ESG Risks and Opportunities Proposed SEC ESG Rule Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Join Embarkers Adam Olsen, Sarah Cage Richter, Caroline Willet, and Fabian Garavito for a dive into the “E” in ESG – environmental. It’s a new reality for organizations, one where metrics on greenhouse gas emissions and sustainability initiatives step into the reporting spotlight, making this episode a must-listen for companies strategizing their ESG future.For more information on ESG: Why ESG Is So Important to Your Organization's Future SEC Response to Climate and ESG Risks and Opportunities Proposed SEC ESG Rule Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

 In this bonus episode of our Accounting Matters podcast, Embarkers Adam Olsen, Sarah Cage Richter, and Nicole Harger shine a spotlight on ASU 2020-06, discussing how and why it’s less complex than the previous guidance, as well as some adoption best practices for public and private companies.For more information on accounting for convertible instruments: ASU 2020-06: Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Accounting for Convertible Instruments: New Convertible Debt Standard & More Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this first episode of our podcast series on all things ESG, Embarkers Adam Olsen, Sarah Cage Richter, Robby Sundberg, and Fabian Garavito define the much-discussed acronym and, more importantly, why it’s going to be such a critical part of operations and reporting going forward.For more information on ESG: Why ESG Is So Important to Your Organization's Future SEC Response to Climate and ESG Risks and Opportunities Proposed SEC ESG Rule Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In this fifth and final episode of our IPO series, Embarkers Adam Olsen, Sarah Cage Richter, and Chase Anderson shine a spotlight on an aspect of going public that too many companies take for granted – life after your IPO. Remember, the IPO process comes and goes, but public entity status is forever – in most cases. So join our team as we discuss critical post-IPO topics like: Periodic reporting requirements for PBEs Filer types and deadlines 8-K requirements Earnings guidance SOX compliance Ongoing ESG developments from the SEC And more! For more information on post-IPO requirements and related topics: The Post-IPO Accounting and Finance To-Do List SOX Compliance in a Post-COVID World IPO Readiness: Accounting Challenges You May Face When Going Public Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

There’s a whole other set of SEC requirements beyond your financial statements when going public, and they can be a real doozy if you’re not well-prepared going in. That’s why Embarkers Adam Olsen, Sarah Cage Richter, and Tyler Stage focused their attention on everything registration statement-related in this 4th episode of our IPO series, discussing critical topics like: What a registration statement entails Drafting and filing your registration statement The SEC review and comment letter process Common disclosure requirements, including MD&A, non-GAAP measures & pro formas Smaller Reporting Company (SRC) registration statement relief And more! For more information on IPO financial reporting requirements and related topics: SEC Disclosure Updates & Simplifications: What You Need To Know IPO Readiness: Accounting Challenges You May Face When Going Public Your First SEC Filing: Get to Know the S-1 The Ultimate Pre-IPO Handbook For Accounting & Finance Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

There’s a reason financial statement requirements are one of the most challenging undertakings on the road to an IPO – there’s a lot to them. A LOT. But have no fear because in this third part of our IPO series, Embarkers Adam Olsen, Sarah Cage Richter, and Jana Gregory roll up their sleeves for an in-depth conversation on the who, what, where, when, and why behind IPO financial statement requirements, including: Determining your financial statement requirements Defining and identifying registrants and predecessor companies Carve-out financial statements Audit requirements SEC and US GAAP requirements And more! For more information on IPO financial reporting requirements and related topics: IPO Readiness: Accounting Challenges You May Face When Going Public The Lowdown on Carve-Out Financial Statements Your First SEC Filing: Get to Know the S-1 The Ultimate Pre-IPO Handbook For Accounting & Finance Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Preparing for an IPO goes miles past ‘dotting every i and crossing every t.’ Or at least it should. Because the road to IPOville is full of twists, turns, potholes, and detours, a notion we discuss at length in this second episode of our IPO series. So join Embarkers Adam Olsen, Sarah Cage Richter, and Jason Larkin for a discussion on all things IPO readiness and ensuring your organization is ready for those bright public entity lights.For more information on IPO readiness and related topics: The Ultimate Pre-IPO Handbook For Accounting & Finance IPO Readiness: Accounting Challenges You May Face When Going Public Assembling the Teams & Advisors You Need When Preparing for an IPO SPACs: What's a Special Purpose Acquisition Company? What is SOX Compliance? Requirements, Controls, Audits, & More Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

The IPO is one of the biggest, brightest, brashest stars in the financial galaxy, the fodder for countless movies, books, op-ed pieces, and confused grimaces. It’s that last one we’re targeting with this first of five episodes in our IPO series, where Embarkers Adam Olsen, Sarah Cage Richter, Jason Larkin, Chase Anderson, and Jana Gregory walk you through an IPO overview, discussing the basics every business must know before setting sail on the public entity seas. What is an IPO? Why do companies go public? The regulatory environment – The 1933 and 1934 Acts, SOX, and JOBS Today’s IPO market – statistics, trends, ‘traditional’ vs. ‘alternative’ IPO paths The different types of issuers and filers For more information on the IPO process and related topics: IPO Readiness: Accounting Challenges You May Face When Going Public Assembling the Teams & Advisors You Need When Preparing for an IPO SPACs: What's a Special Purpose Acquisition Company? What is SOX Compliance? Requirements, Controls, Audits, & More Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Show notes: Usually overshadowed by its financial statement siblings – and often misunderstood – the cash flow statement serves as an essential bridge between your balance sheet and income statement. But it can also be an incredibly useful tool in gauging your company’s financial well-being and capital needs. So join Embarkers Adam Olsen, Sarah Cage-Richter, and Julie Avellanet as they walk you through the cash flow statement, the guidance in ASC 230, and some preparation best practices.For more information on the cash flow statement and cash flow in general: ASC 230, Statement of Cash Flows Cash Flow Worksheet Template Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

It’s great that your company bought a bunch of new tech that’s going to drive your business forward. Accounting for the tech costs isn’t always great, though. Or fun. So to save you some headaches, join us for this episode of the Accounting Matters podcast as Embarkers Adam Olsen, Sarah Cage-Richter, and Julie Avellanet walk you through the sometimes labyrinth-like guidance around this important topic.For more information on accounting for software costs, cloud computing, and website costs: ASC 350-40, Internal-Use Software ASC 350-50, Website Development Costs ASC 985, Software ASC 730, Research and Development Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

We’re in a holiday shopping groove right now, so there’s no better topic than accounting for assets held for sale. So join Embarkers Adam Olsen, Sarah Cage-Richter, and Nicole Harger for a look at what GAAP has to say about your accounting when you're having a red-tag sale on an asset or disposal group.For more information on accounting for assets held for sale:ASC 360Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Vesting schedules, expense recognition, financial reporting, software solutions, and so much more – there are a lot of nooks and crannies in stock comp accounting. That’s why Embark’s team of specialists – Adam Olsen, Sarah Cage Richter, and James Durrenburger – continue the conversation with a closer look at the finer details of this perpetually essential topic with a blockbuster sequel episode.For more information on lease modifications and remeasurements under stock-based compensation: Best Practices for Choosing & Maintaining a Stock Comp Plan How to Choose the Right Stock Comp Accounting Software Comparing The Best Stock Compensation Software Solutions ASC 718, Compensation–Stock Compensation Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

We all know why companies use stock-based compensation – to supercharge their talent strategy and incentivize performance and loyalty. But as Embarkers Adam Olsen, Sarah Cage Richter, and James Durrenburger discuss in this first episode of a two-part series, there are a few areas that can make accounting for them pretty tricky, including: Which stock-based arrangements fall under the scope of the guidance in ASC 718? Measuring the awards using the fair-value based method Vesting considerations and conditions Classifying awards on the balance sheet For more information on lease modifications and remeasurements under stock-based compensation: Best Practices for Choosing & Maintaining a Stock Comp Plan How to Choose the Right Stock Comp Accounting Software Comparing The Best Stock Compensation Software Solutions ASC 718, Compensation–Stock Compensation Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Ready to bid good riddance to ASC 842 after adoption? Not so fast, our friend. With possibly never-ending – literally – lease modifications and remeasurements, 842 is in no way a ‘set it and forget it’ standard. So join Embarkers Adam Olsen, Sarah Cage Richter, and Nicole Harger for a closer look at what post-adoption ASC 842 compliance might look like for your company and team.For more information on lease modifications and remeasurements under ASC 842:Insights & Best Practices for Restructuring AccountingCOVID 19, Lease Accounting, & the Impact of the Coronavirus PandemicASC 842, LeasesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Whether you’re following a traditional path or an alternative one like a SPAC, the IPO road is filled with twists, turns, and new responsibilities, especially around accounting and reporting. So join hosts Adam Olsen, Sarah Cage Richter, and Embark’s Dallas Market President Jason Larkin for an overview of some of the more complex and challenging areas you should prepare for, including: Segment reporting Earnings per share (EPS) Non-GAAP measures Management discussion and analysis (MD&A) Business combinations & pro forma information Stock-based compensation and “cheap stock” Comment letter process For more information on IPO accounting and reporting considerations: Going Public: The Pre-IPO Timeline IPO Readiness: Accounting Challenges You May Face When Going Public Assembling the Teams & Advisors You Need When Preparing for an IPO Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

When buyers and sellers don’t completely see eye-to-eye about future performance – and the purchase price – at closing, contingent consideration can save the day. However, accounting for it is another matter. So join hosts Adam Olsen, Sarah Cage Richter, and Embark resident guru Nicole Harger for a discussion on earnouts, where they cover areas like: What is contingent consideration? Common types of contingent consideration Advantages and disadvantages of earn-outs for buyers and sellers Tips and insights on constructing earn-out arrangements Classifying and subsequently accounting for earn-outs For more information on contingent consideration: ASC 480, Distinguishing Liabilities from Equity ASC 815, Derivatives and Hedging ASC 805, Business Combinations Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Lessors have feelings, too. It’s hard to tell, though, at least with all of the attention lessees receive in the ASC 842 fervor. But we’re bucking trends in this episode of Accounting Matters, where co-hosts Adam Olsen and Sarah Cage Richter are joined by Embark’s National Quality Senior Manager Julie Avellanet for a hearty discussion on lessor considerations under the new lease accounting standard, covering topics like: Lease classification tests and areas where prior classification outcomes may differ Contract consideration allocations and applying the available expedient Variable lease payments in sales-type leases and recently issued ASU 2021-05 Collectibility matters and impacts to income recognition Increased lessor disclosure requirements For more information on lessor accounting: A Lessor’s Quick Guide to the New Lease Standard ASC 842 ASC 842, Leases Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

What exactly is goodwill? Depends on who you ask. US GAAP certainly has an opinion on goodwill and accounting for its impairment, one that continues to evolve. Given how relevant the topic is these days, we figured it’d be best for our Accounting Matters hosts, Adam Olsen and Sarah Cage Richter, to sit down with one of Embark’s resident gurus, Jason Larkin, to take a closer look at goodwill impairment, hitting on areas like: What exactly is goodwill Performing the qualitative or quantitative goodwill test Insights on accounting for goodwill impairment Recent GAAP changes and where the FASB might be heading next  For more information on accounting for goodwill impairment: Goodwill Impairment Testing Guide, Examples, & Accounting Tips ASU 2017-04, Intangibles—Goodwill and Other Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube

PPE, right-of-use assets, intangibles, goodwill – we could go on but you get the idea. The vocabulary behind non-financial asset impairments is almost as expansive as the topic itself. So where do you even begin accounting for all it? And how? That’s the focus of this episode of Accounting Matters, where hosts Adam Olsen and Sarah Cage Richter are once again joined by fellow Embarker Jason Larkin to answer critical questions like: What is a non-financial asset? Which impairment models do you use? And when? What’s a triggering event or a recoverability test? How do you account for non-financial asset impairments?  For more information on non-financial asset impairments: Accounting for Long-Lived Asset Impairment: Testing, Examples & More ASC 350, Intangibles—Goodwill and Other ASC 360, Property, Plant, and Equipment Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube

If you’re looking for insights – or even a definition – on carve-out financial statements, don’t look to US GAAP because it’s slim pickings. That’s why there’s so much head scratching around carve-outs, which probably isn’t great if you have a transaction on the horizon. So join us as we welcome Embarker extraordinaire Chase Anderson for a deeper look into this oft-misunderstood but oh-so important accounting topic, discussing areas like:What are carve-outs and what are they used for? Exit strategies prompting the need for carve-outs Common methodologies used for preparing carve-out financials Insider tips on materiality considerations, audit documentation, team preparation, and more Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Private companies are getting closer and closer (2022!) to the adoption deadline for the new lease accounting standard, ASC 842. That’s why we sat down with one of Embark’s lease accounting gurus, Ty Cotter, to discuss embedded leases in this episode of Accounting Matters, hitting on topics like: Why embedded leases matter under the new leasing standard Common contract types that may contain lease components The definition of a lease under ASC 842 Accounting for lease and non-lease components in contracts For more information on embedded leases: The Most Common Lease Accounting Pain Points Under ASC 842 ASC 842, Leases Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Segment reporting is an inevitable accounting hurdle all companies must clear before going public, not to mention an ongoing maintenance and evaluation requirement for post-IPO organizations. That’s why we sat down with special Embarker guest Jason Larkin for a high-level discussion on this perpetually relevant subject, covering topics like: The who, what, where, when, and why of segment reporting Identification of operating segments and determination of reportable segments Required segment reporting disclosures Recurring SEC comments on segment reporting For more information on Segment Reporting: ASC 280, Segment Reporting FASB Project Update Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Business combinations and asset acquisitions aren’t a tomayto-tomahto situation. This week, we expand on our previous episode on Business Combinations by sitting down with fellow Embarkers Mack Martinez and Krista Holland to discuss the critical differences between the transaction types, including: Applying the “screen” test and definition of a business Recognizing and measuring asset acquisitions under the cost accumulation model Identifying key areas where accounting differences exist  Highlighting ongoing FASB developments in the space For more information on Business Combinations and Asset Acquisitions: What You Need to Know About the Updates in ASC 805 (Business Combinations) How Accounting Should Support an Acquisition or Merger ASC 805 ASU 2017-01 Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Even though SPACs seem to be everywhere these days, there’s still a lot of confusion over certain aspects of accounting for them. That’s why we sat down with fellow Embarker Sam Sorenson for a discussion on what SPACs require from accounting teams, including: SPACs 101: History and the recent hype Overview of the SPAC lifecycle Common accounting and financial reporting issues for the target business Target business audit considerations Ongoing SEC requirements And more! For more information on SPACs: SPACs: What's a Special Purpose Acquisition Company? SPACs may bring accounting risks Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

The changes to the accounting for credit losses are some of the most significant we’ve seen in decades. In this episode, Accounting Matters discusses what the Current Expected Credit Loss (CECL) model involves and the high-level areas you need to stay aware of if you haven’t adopted the standard yet (we’re talking to you, private companies), including: Who is impacted by CECL What the CECL model might mean for your company And be sure to stick around for a conversation with our special guests, Embark consultants Robby Sundberg and Caroline Willet, on what movie CECL would be and why. You won’t find that in the FASB standards.For more information on CECL: Preparing for the Current Expected Credit Loss (CECL) Model ASU 2016-13: Financial Instruments―Credit Losses Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube

The accounting standard on Business Combinations, ASC 805, is one of the most complex and wide-ranging. This episode of Accounting Matters takes a look at this guidance and discusses the most important takeaways, including: What is considered a business Determining who acquired who and when Mechanics of the purchase price allocation Contingent consideration arrangements And more! For more information on Business Combinations: What You Need to Know About the Updates in ASC 805 (Business Combinations) How Accounting Should Support an Acquisition or Merger ASC 805, Business Combinations Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube

Going concern is at the forefront of the accounting and finance worlds these days – and for good reason. This week, Accounting Matters covers the basics of going concern, why it’s so relevant today, and walks through key areas, including: Management assessments Substantial doubt Going concern disclosures Auditor’s considerations For more information on going concern:https://www.fasb.org/resources/ccurl/599/128/ASU%202014-15.pdfConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube

What matters most to accountants and financial leadership these days? That’s Accounting Matters – a weekly discussion on today’s most significant accounting topics. So get to know our hosts, Adam Olsen and Sarah Cage Richter from advisory firm Embark, and what you can expect from this weekly plunge into a new, essential accounting topic.Embark's websiteLinkedInInstagramTwitterFacebookListen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.