Accounting Matters

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 busine...

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 m...

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 informat...

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...

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 Nicole Harger from advisory firm Embark, and what you can expect from this weekly plunge into a new, essential accounting topic. Embark's website LinkedIn Instagram Twitter Facebook Listen to Ac...