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TitreDateDurée
FASB Proposed ASU, a Slew of IFRS Updates, New FAQs from GHG Protocol07 Aug 202400:07:43

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: Disclosures
  • The 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 Activities

IFRS Exposure Draft, Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures

IFRS Exposure Draft, Climate-related and Other Uncertainties in the Financial Statements

Greenhouse Gas Protocol, ​​Corporate Standard Frequently Asked Questions


Connect with Embark on: 


Listen to AM Now on Apple Podcasts and Spotify.

Leading through an accountant shortage06 Aug 202400:44:47

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

A Look at IFRS 18, the CSDDD’s Official, the PCC on ASC 350, and More08 May 202400:04:38

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 Rules


For more this week’s topics:

IFRS 18 will improve communication in financial statements

European Commission: Corporate sustainability due diligence

IFRS Foundation and EFRAG publish interoperability guidance

PCC Meeting Recap: 4/18/2024


Connect with Embark on: 


Listen to AM Now on Apple Podcasts and Spotify.

Let’s Get Digital – Decrypting Digital Assets07 Nov 202200:42:52

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 Other

It’s Time to Talk About Cryptocurrency and Digital Asset Accounting

Cryptocurrency and Digital Asset Accounting

Blockchain and Digital Assets (AICPA)


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To Fair Value or Not to Fair Value? That Is the Question.24 Oct 202200:30:55

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 Instruments

ASC 820–Fair Value Measurement

Accounting for Convertible Instruments: New Convertible Debt Standard & More


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Accounting for Temporary Equity – Here Today, Gone Tomorrow11 Oct 202200:33:23

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 Equity

ASC 815–Derivatives and Hedging

Accounting for Convertible Instruments: New Convertible Debt Standard & More


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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

It’s a Liability, It’s Equity, It’s ASC 480 (Part 2)27 Sep 202200:31:09

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 Equity

SPAC Warrants: What the SEC Statement Means for Accounting and Reporting


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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.


It’s a Liability, It’s Equity, It’s ASC 480 (Part 1)12 Sep 202200:26:00

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 Equity

SPAC Warrants: What the SEC Statement Means for Accounting and Reporting

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The Scoop on Valuations, Pt. 1: ASC 805 and You29 Aug 202200:25:54

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 Combinations

Accounting for Asset Acquisitions vs. Business Combinations: Sweat the Details

When to Engage with a Valuation Services Provider


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Fair & Square – Accounting for Fair Value Measurements15 Aug 202200:38:18

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 Measurement

Purchase Accounting: Adjustments & Accounting for M&As

Accounting for Asset Acquisitions vs. Business Combinations: Sweat the Details


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Accounting for Profit Interest Awards 2: Navigating the GAAP Highway01 Aug 202200:22:03

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 Plan

ASC 710 Compensation–General

ASC 718 Compensation–Stock Compensation


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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Accounting for Profit Interest Awards: Ensure Your Good Deed Goes Unpunished18 Jul 202200:26:50

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 Plan

ASC 710 Compensation–General

ASC 718 Compensation–Stock Compensation


Connect with Embark on:


Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Accounting for Stock Warrants – Not As Scary As You Might Think27 Jun 202200:36:36

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 Compensation

Equity Accounting Transaction Considerations and Other Complexities

ASU 2020-06 and You: Simplifying Accounting for Convertible Instruments


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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

AM Now: New updates from the FASB, SEC, and European Council on the EPBD01 May 202400:07:07

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 grants
  • Another update from FASB, this time on ASC 815—Derivatives and Hedging
  • FASB’s redeliberations on the Interim Reporting (Topic 270) ASU
  • The SEC’s adoption of amendments to a rule under the Investment Advisers Act of 1940
  • The 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 Template


For more this week’s topics:

FASB—Accounting for Government Grants

FASB—Tentative Board Decisions, Topic 815 & Interim Reporting (4/10/24)

Exemption for Certain Investment Advisers Operating Through the Internet

Questions and Answers on the revised Energy Performance of Buildings Directive


Connect with Embark on: 


Listen to AM Now on Apple Podcasts and Spotify.

Say Goodbye to Manual Processes with Alteryx and Automated Accounting13 Jun 202200:28:02

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Embark’s ESG Series: Social & Governance23 May 202200:34:53

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

New Rules for SPACs – Fresh Looks for an Old Friend?16 May 202200:30:03

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Embark’s ESG Series: Environmental, Part 209 May 202200:26:44

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Embark’s ESG Series: Environmental, Part 125 Apr 202200:14:05

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

ASU 2020-06: Your Accounting for Convertible Instruments BFF19 Apr 202200:28:00

 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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.


Embark’s ESG Series, Part 1: What’s ESG and Why Should You Care?11 Apr 202200:25:06

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Embark’s IPO Series, Part 5: After the IPO – What’s Next?28 Mar 202200:37:41

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Embark’s IPO Series, Part 4: Beyond the Financials – Other Registration Statement Matters14 Mar 202200:30:12

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.


Embark’s IPO Series, Part 3: Crunching the Numbers – Reporting Requirements & Issues28 Feb 202200:41:38

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:



Connect with Embark on:


Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Meet the EU’s CSRD & ESRS, Part 1 (Re-release)29 Apr 202400:24:35

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 You

The EU CSRD: Why US Companies Should Care about European ESG Reporting Regulations

SB 253 and SB 261: A Look at California's Landmark Climate Reporting Bills


Connect with Embark on:


Listen to Accounting Matters on Apple Podcasts and Spotify.

Embark’s IPO Series, Part 2: Are You Ready? A Spotlight on IPO Readiness14 Feb 202200:24:01

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.


Embark’s IPO Series, Part 1: Get to Know the IPO31 Jan 202200:32:03

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:

Connect with Embark on:

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Demystifying the Cash Flow Statement: Be Not Afraid17 Jan 202200:29:34


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:

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Accounting for Shiny New Software, Cloud, and Website Tech Costs03 Jan 202200:36:21

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:

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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Assets Held for Sale: Accounting for Your Blue-Light Special13 Dec 202100:37:22

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:

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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.


Stock-Based Compensation Part 2: Sweat the ASC 718 Details29 Nov 202100:26:59

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:

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Stock-Based Compensation Part 1: An Overview – Happy People, Compliant Financials15 Nov 202100:26:25

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:

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ASC 842 Lease Modifications & Remeasurements: No Time to Rest Post-Adoption31 Oct 202100:35:18

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 Accounting

COVID 19, Lease Accounting, & the Impact of the Coronavirus Pandemic

ASC 842, Leases


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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

IPO Accounting & Reporting: Common Potholes, Detours & Road Hazards17 Oct 202100:40:35

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:

Connect with Embark on:

Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Contingent Consideration: Striking a Deal on Future Performance10 Oct 202100:39:51

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:

Connect with Embark on:

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AM Now: Updates on SEC Climate Disclosures, FASB 2024 ASUs, and more25 Apr 202400:08:48

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 rules
  • FASB has issued the first two Accounting Standards Updates of 2024
  • FASB’s tentative decisions on its accounting for internal-use software costs project
  • Update on FASB’s proposal over disclosures of the disaggregation of income statement expense
  • The SEC’s technical amendments in response to a Federal court's decision to vacate rule amendments on repurchases of an issuer’s equity securities


For insights and tips on ESG reporting from Embark’s team of specialists:
ESG Reporting Best Practices: Implementation & Beyond


For 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, 2024-02

Accounting for and Disclosure of Software Costs

Tentative Board Decisions - Disaggregation of Income Statement Expenses

SEC: Share Repurchase Disclosure Modernization Final Rule; Technical Amendments


Connect with Embark on: 


Listen to AM Now on Apple Podcasts and Spotify.

Lessor Accounting Isn't Always Lesser Accounting03 Oct 202100:39:08

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:

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Accounting for Goodwill: Past, Present, and Future27 Sep 202100:41:45

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:

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Trigger Warning: Non-Financial Asset Impairments19 Sep 202100:28:03

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:

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Carve-Out Financial Statements: Whittling Through the Complexities12 Sep 202100:44:09

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

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Embedded Leases: Are They Hiding in Your Contracts?05 Sep 202100:32:21

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:

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Segment Reporting29 Aug 202100:43:51

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:

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Business Combinations vs. Asset Acquisitions23 Aug 202100:32:02

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:

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SPACs15 Aug 202100:32:40

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!

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CECL (Current Expected Credit Loss)08 Aug 202100:39:13

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.


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Business Combinations01 Aug 202100:41:28

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:

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AM Now: SEC Climate Rules & Challengers, CTA/FinCEN, IFRS 3 Update, and more20 Mar 202400:09:18

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 Investors

SEC climate disclosure rule faces legal gantlet

Digital assets addressed by FASAB

FAF Wants to Know How the Private Company Council Can Be More Effective

Corporate Transparency Act Ruled Unconstitutional

IASB consults on proposals to improve reporting of acquisitions

Canada Releases Proposed IFRS-Based Sustainability Reporting Standards


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Going Concern26 Jul 202100:32:07

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.pdf


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Welcome to Accounting Matters19 Jul 202100:02:08

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

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Twitter

Facebook


Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.


SEC Final Climate Disclosure Rule15 Mar 202400:51:37

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.

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