Accounting Matters

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 m...

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 Amendme...

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 sustaina...

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 sea...

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...

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 dat...

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 Convert...

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 Rul...

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 re...

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 ac...

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 relat...

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 Boa...

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 co...

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...

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...

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:...

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...

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 s...

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 v...

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 financia...

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 ass...

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 topi...

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...

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 inform...

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 & Beyond Effective ESG Leadership: A Co...