Accounting Matters

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 ASUMore FASB updates on the common control lease arrangement projectThe executive clawback rule from the SEC and what it means for registrantsFor 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 usersMateriality, both quantitative and qualitativeThe evolution of cybersecurity and risksSEC cyber proposalsAnd 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 processAccounting for crypto assetsDisaggregation and transparencyFASB and IASB convergenceAnd 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 SECRegulationsTransparency for investorsMD&ANon-GAAP measurementsPay vs performanceAnd 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 uncertaintyAccounting estimates/judgments impacted by uncertaintyDisclosures, today and going forwardRising expectations around disaggregationDirect method cash flow statementsAnd 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 OrganizationEnhancing Your Accounting Function through Data Analytics and AutomationThe Business Intelligence Revolution: The Road to Data-Driven Decision MakingConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 FutureSEC: Modernization of Regulation S-K Items 101, 103, and 105Connect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 RulesConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 FutureSEC Response to Climate and ESG Risks and OpportunitiesProposed SEC ESG RuleConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 FutureSEC Response to Climate and ESG Risks and OpportunitiesProposed SEC ESG RuleConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 EquityAccounting for Convertible Instruments: New Convertible Debt Standard & MoreConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 FutureSEC Response to Climate and ESG Risks and OpportunitiesProposed SEC ESG RuleConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 PBEsFiler types and deadlines8-K requirementsEarnings guidanceSOX complianceOngoing ESG developments from the SECAnd more!For more information on post-IPO requirements and related topics:The Post-IPO Accounting and Finance To-Do ListSOX Compliance in a Post-COVID WorldIPO Readiness: Accounting Challenges You May Face When Going PublicConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 entailsDrafting and filing your registration statementThe SEC review and comment letter processCommon disclosure requirements, including MD&A, non-GAAP measures & pro formasSmaller Reporting Company (SRC) registration statement reliefAnd more!For more information on IPO financial reporting requirements and related topics:SEC Disclosure Updates & Simplifications: What You Need To KnowIPO Readiness: Accounting Challenges You May Face When Going PublicYour First SEC Filing: Get to Know the S-1The Ultimate Pre-IPO Handbook For Accounting & FinanceConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 requirementsDefining and identifying registrants and predecessor companiesCarve-out financial statementsAudit requirementsSEC and US GAAP requirementsAnd more!For more information on IPO financial reporting requirements and related topics:IPO Readiness: Accounting Challenges You May Face When Going PublicThe Lowdown on Carve-Out Financial StatementsYour First SEC Filing: Get to Know the S-1The Ultimate Pre-IPO Handbook For Accounting & FinanceConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 & FinanceIPO Readiness: Accounting Challenges You May Face When Going PublicAssembling the Teams & Advisors You Need When Preparing for an IPOSPACs: What's a Special Purpose Acquisition Company?What is SOX Compliance? Requirements, Controls, Audits, & MoreConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 JOBSToday’s IPO market – statistics, trends, ‘traditional’ vs. ‘alternative’ IPO pathsThe different types of issuers and filersFor more information on the IPO process and related topics:IPO Readiness: Accounting Challenges You May Face When Going PublicAssembling the Teams & Advisors You Need When Preparing for an IPOSPACs: What's a Special Purpose Acquisition Company?What is SOX Compliance? Requirements, Controls, Audits, & MoreConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 FlowsCash Flow Worksheet TemplateConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 SoftwareASC 350-50, Website Development CostsASC 985, SoftwareASC 730, Research and DevelopmentConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 PlanHow to Choose the Right Stock Comp Accounting SoftwareComparing The Best Stock Compensation Software SolutionsASC 718, Compensation–Stock CompensationConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 methodVesting considerations and conditionsClassifying awards on the balance sheetFor more information on lease modifications and remeasurements under stock-based compensation:Best Practices for Choosing & Maintaining a Stock Comp PlanHow to Choose the Right Stock Comp Accounting SoftwareComparing The Best Stock Compensation Software SolutionsASC 718, Compensation–Stock CompensationConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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:LinkedInInstagramTwitterFacebookYouTubeListen 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 reportingEarnings per share (EPS)Non-GAAP measuresManagement discussion and analysis (MD&A)Business combinations & pro forma informationStock-based compensation and “cheap stock”Comment letter processFor more information on IPO accounting and reporting considerations:Going Public: The Pre-IPO TimelineIPO Readiness: Accounting Challenges You May Face When Going PublicAssembling the Teams & Advisors You Need When Preparing for an IPOConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 considerationAdvantages and disadvantages of earn-outs for buyers and sellersTips and insights on constructing earn-out arrangementsClassifying and subsequently accounting for earn-outsFor more information on contingent consideration:ASC 480, Distinguishing Liabilities from EquityASC 815, Derivatives and HedgingASC 805, Business CombinationsConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 differContract consideration allocations and applying the available expedientVariable lease payments in sales-type leases and recently issued ASU 2021-05Collectibility matters and impacts to income recognitionIncreased lessor disclosure requirementsFor more information on lessor accounting:A Lessor’s Quick Guide to the New Lease Standard ASC 842ASC 842, LeasesConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 goodwillPerforming the qualitative or quantitative goodwill testInsights on accounting for goodwill impairmentRecent GAAP changes and where the FASB might be heading next For more information on accounting for goodwill impairment:Goodwill Impairment Testing Guide, Examples, & Accounting TipsASU 2017-04, Intangibles—Goodwill and OtherConnect with Embark on:LinkedInInstagramTwitterFacebookYouTube

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 & MoreASC 350, Intangibles—Goodwill and OtherASC 360, Property, Plant, and EquipmentConnect with Embark on:LinkedInInstagramTwitterFacebookYouTube

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-outsCommon methodologies used for preparing carve-out financialsInsider tips on materiality considerations, audit documentation, team preparation, and moreConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 standardCommon contract types that may contain lease componentsThe definition of a lease under ASC 842Accounting for lease and non-lease components in contractsFor more information on embedded leases:The Most Common Lease Accounting Pain Points Under ASC 842ASC 842, LeasesConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 reportingIdentification of operating segments and determination of reportable segmentsRequired segment reporting disclosuresRecurring SEC comments on segment reportingFor more information on Segment Reporting:ASC 280, Segment ReportingFASB Project UpdateConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 businessRecognizing and measuring asset acquisitions under the cost accumulation modelIdentifying key areas where accounting differences exist Highlighting ongoing FASB developments in the spaceFor 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 MergerASC 805ASU 2017-01Connect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen 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 hypeOverview of the SPAC lifecycleCommon accounting and financial reporting issues for the target businessTarget business audit considerationsOngoing SEC requirementsAnd more!For more information on SPACs:SPACs: What's a Special Purpose Acquisition Company?SPACs may bring accounting risksConnect with Embark on:LinkedInInstagramTwitterFacebookYouTubeListen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.