Accounting Matters

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 CECLWhat the CECL model might mean for your companyAnd 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.For more information on CECL:Preparing for the Current Expected Credit Loss (CECL) ModelASU 2016-13: Financial Instruments―Credit LossesConnect with Embark on:LinkedInInstagramTwitterFacebookYouTube

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 businessDetermining who acquired who and whenMechanics of the purchase price allocationContingent consideration arrangementsAnd more!For more information on Business Combinations:What You Need to Know About the Updates in ASC 805 (Business Combinations)How Accounting Should Support an Acquisition or MergerASC 805, Business CombinationsConnect with Embark on:LinkedInInstagramTwitterFacebookYouTube

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 assessmentsSubstantial doubtGoing concern disclosuresAuditor’s considerationsFor more information on going concern:https://www.fasb.org/resources/ccurl/599/128/ASU%202014-15.pdfConnect with Embark on:LinkedInInstagramTwitterFacebookYouTube

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