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Accounting Matters
Embark
149 episodes
3 months ago
Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark. LinkedIn - https://hubs.ly/H0XgZnG0 Instagram - https://hubs.ly/H0XgYNZ0 Twitter - https://hubs.ly/H0Xg-dz0 Facebook - https://hubs.ly/H0XgZR70
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Management
Business
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All content for Accounting Matters is the property of Embark and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark. LinkedIn - https://hubs.ly/H0XgZnG0 Instagram - https://hubs.ly/H0XgYNZ0 Twitter - https://hubs.ly/H0Xg-dz0 Facebook - https://hubs.ly/H0XgZR70
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Management
Business
Episodes (20/149)
Accounting Matters
Navigating Collaboration Arrangements — Accounting Under ASC 808 & 606

Collaboration arrangements are becoming more common across industries, from biotech partnerships to platform-sharing in tech. But when it comes to accounting, things get complicated fast.
In this episode of Accounting Matters, Nicole Harger and Adam Olsen explore how to navigate ASC 808 and ASC 606. They cover:

  • What qualifies as a collaborative arrangement
  • How to determine if (and when) ASC 606 applies
  • Real-world examples involving IP licenses, cost-sharing, and milestone payments
  • The role of customer relationships in collaboration agreements
  • Disclosure expectations and SEC hot buttons
  • Common pitfalls and best practices

Whether you’re structuring a new deal or reviewing an existing one, this episode offers a practical roadmap to get the accounting right.

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3 months ago
35 minutes

Accounting Matters
Accounting for Innovation — R&D Costs Explained

Join hosts Nicole Harger and Adam Olsen as they explore the intricacies of accounting for R&D costs. This episode covers the current U.S. GAAP treatment, challenges in the life sciences sector, and differences with IFRS. Discover potential changes from FASB and gain insights into how these accounting principles impact financial statements across industries. Perfect for professionals navigating the evolving landscape of R&D accounting.

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5 months ago
33 minutes

Accounting Matters
FASB in Focus - Key Projects to Keep on Your Radar

In this episode of "Accounting Matters," hosts Nicole Harger and Adam Olsen explore the FASB's 2025 agenda, highlighting key projects aimed at modernizing financial reporting standards. They discuss the proposed overhaul of software cost accounting, the introduction of a framework for environmental credit programs, and long-awaited guidance on accounting for government grants. These initiatives reflect a shift towards greater transparency and decision-usefulness in financial statements, addressing real-world challenges faced by companies today. Tune in to understand how these changes could impact your organization's financial reporting practices.

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6 months ago
38 minutes

Accounting Matters
The Global Tariff Tango – Keeping Your Financial Statements in Step

Join hosts Nicole Harger and Adam Olsen as they explore the complex world of tariffs in this episode of Accounting Matters. Discover how global trade policies and tariffs are reshaping financial statements, supply chains, and pricing strategies. From the hardest-hit industries to strategic mitigation tactics, this episode provides valuable insights for navigating today's dynamic trade environment. Packed with in-depth analysis, it equips you with the knowledge to stay ahead in the financial landscape.

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6 months ago
42 minutes

Accounting Matters
The EU Buses in Proposed Changes to Sustainability Reporting

Join hosts Adam Olsen and Allison Bradshaw as they break down the EU's proposed Omnibus package in this episode of Accounting Matters. They explore the evolving landscape of sustainability reporting, including SEC climate rules, state regulations, and ISSB standards. Discover how these changes impact CSRD obligations, scoping, timing, and assurance requirements. Packed with insights, this episode equips you with the knowledge to navigate the future of sustainability reporting.

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7 months ago
41 minutes

Accounting Matters
2024 AICPA & CIMA Conference on Current SEC & PCAOB Developments Recap

Join hosts Nicole Harger and Adam Olsen as they break down the key takeaways from the 2024 AICPA & CIMA Conference on Current SEC & PCAOB Developments! In this episode, they dive deep into the latest shifts in SEC & FASB priorities, the rising impact of AI on the accounting industry, and the evolving landscape of ESG reporting. Packed with expert analysis and actionable insights, we provide you with everything you need to stay ahead in accounting and finance.

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10 months ago
38 minutes

Accounting Matters
Deepdive on EFRAG CSRD Study | Live from Workiva Amplify

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

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1 year ago
19 minutes

Accounting Matters
FASB Proposed ASU, a Slew of IFRS Updates, New FAQs from GHG Protocol

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: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
7 minutes

Accounting Matters
Leading through an accountant shortage

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

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1 year ago
44 minutes

Accounting Matters
ASU 2024-01 - Profits interest guidance gets an upgrade

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.

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1 year ago
34 minutes

Accounting Matters
FASB & IASB Updates, ESG News, CrowdStrike/New SEC Cyber Rules

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: Measurement

FASB: Tentative Board Decisions 07-17-24 (induced conversions/VIE)

IASB issues annual improvements to IFRS Accounting Standards

S&P 500 ESG Reporting and Assurance Analysis

Act to amend Sections 38532 & 38533 of the Health and Safety Code, relating to GHG

Public Company Cybersecurity Disclosures; Final Rules


Connect with Embark on: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
8 minutes

Accounting Matters
Avoid ERP regret & the 25% failure rate | On-Demand Webinar

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/


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1 year ago
30 minutes

Accounting Matters
FASB Updates, AICPA Cheap Stock Guide, Int’l ESG Reporting News & More

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 costs
  • Progress on FASB’s project for disaggregation of income statement expenses
  • Sneak 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 website
  • New interpretive guidance from the SEC to clarify its recent cybersecurity rules
  • IASB finalizing the revision of IFRS Practice Statement 1, Management Commentary
  • ISSB’s plan to harmonize and consolidate the global sustainability disclosure landscape 
  • Update on the FTC rule effectively banning noncompete agreements in the US


For more on this week’s topics:

FASB: Tentative Board Decisions, Accounting for and Disclosure of Software Costs

FASB: Tentative Board Decisions, Disaggregation—Income Statement Expenses

Working Draft of Chapters 8 and 9 from the Valuation of Privately-Held-Company Equity Securities Issued as Compensation Accounting and Valuation Guide

SEC Updates Website to Improve Compliance, Functionality, and User Experience

Cyber Update: SEC Issues New Guidance on Cybersecurity Incident Disclosure

IASB agrees to finalise the revision of the Management Commentary Practice Statement

ISSB delivers further harmonisation of the sustainability disclosure landscape

Federal judge partially blocks U.S. ban on noncompetes


Connect with Embark on: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
7 minutes

Accounting Matters
FASB & EITF Meetings, Greenwashing, New Workiva ESG Reporting Tool

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, 6/12/24

EITF 6/14 Meeting Summary

EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims

Workiva Launches New Carbon Data Management and Reporting Solution


Connect with Embark on: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
7 minutes

Accounting Matters
SEC on IFRS 19, More on BF Borgers, Int’l ESG Reporting Updates

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 SEC

Securities Exchange Act of 1934, Release No. 34-100185 (BF Borgers)

IFRS Foundation: Transition to integrated reporting

ESMA Guidelines establish harmonised criteria for use of ESG and sustainability terms in fund names

EFRAG Releases New ESRS Q And A Technical Explanations


Connect with Embark on: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
6 minutes

Accounting Matters
FTC & Non-Competes, FASB Update, BF Borgers, New ISSB Projects & More

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 instances
  • The FASB discussion on disaggregating income statement expenses, its ASC 606 post-implementation review, and feedback on financial statement measurement
  • IFRS 19—another new accounting standard from the IASB
  • The SEC’s action against audit firm BF Borgers for deliberately and systematically failing to meet PCAOB audit and review standards
  • Two new research projects added to the ISSB’s list of priorities


Want 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 Noncompetes

FASB: Tentative Board Decisions 05-08-24

ISSB Explores Developing New Disclosure Standards for Biodiversity, Human Capital

IASB simplifies financial reporting for eligible subsidiary companies with new IFRS Accounting Standard

SEC: Staff Statement on Issuer Disclosure and Reporting Obligations in Light of Rule 102(e) Order against BF Borgers CPA PC

Connect with Embark on: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.


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1 year ago
8 minutes

Accounting Matters
Change is here: The new wave of accounting for crypto assets

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:

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to Accounting Matters on Apple Podcasts and Spotify.


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1 year ago
26 minutes

Accounting Matters
A Look at IFRS 18, the CSDDD’s Official, the PCC on ASC 350, and More

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: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
4 minutes

Accounting Matters
AM Now: New updates from the FASB, SEC, and European Council on the EPBD

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: 

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to AM Now on Apple Podcasts and Spotify.

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1 year ago
7 minutes

Accounting Matters
Meet the EU’s CSRD & ESRS, Part 1 (Re-release)

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:

  • LinkedIn
  • Instagram
  • Twitter
  • Facebook
  • YouTube


Listen to Accounting Matters on Apple Podcasts and Spotify.

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1 year ago
24 minutes

Accounting Matters
Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark. LinkedIn - https://hubs.ly/H0XgZnG0 Instagram - https://hubs.ly/H0XgYNZ0 Twitter - https://hubs.ly/H0Xg-dz0 Facebook - https://hubs.ly/H0XgZR70