Accounting Matters
140 episodes - English - Latest episode: 3 days ago - ★★★★★ - 62 ratingsAccounting 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.
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Episodes
FASB Updates, AICPA Cheap Stock Guide, Int’l ESG Reporting News & More
July 11, 2024 18:00 - 7 minutes - 10 MBAdam 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...
FASB & EITF Meetings, Greenwashing, New Workiva ESG Reporting Tool
June 24, 2024 07:00 - 7 minutes - 10.9 MBYour 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...
SEC on IFRS 19, More on BF Borgers, Int’l ESG Reporting Updates
June 10, 2024 05:05 - 6 minutes - 5.93 MBYour 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 req...
FTC & Non-Competes, FASB Update, BF Borgers, New ISSB Projects & More
May 16, 2024 07:00 - 8 minutes - 11.9 MBAM 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 au...
Change is here: The new wave of accounting for crypto assets
May 15, 2024 07:00 - 26 minutes - 36.8 MBJoin 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.
A Look at IFRS 18, the CSDDD’s Official, the PCC on ASC 350, and More
May 08, 2024 18:59 - 4 minutes - 6.38 MBAs 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...
AM Now: New updates from the FASB, SEC, and European Council on the EPBD
May 01, 2024 11:00 - 7 minutes - 9.79 MBYour 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...
Meet the EU’s CSRD & ESRS, Part 1 (Re-release)
April 29, 2024 16:22 - 24 minutes - 22.5 MBYou’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 Sustainab...
AM Now: Updates on SEC Climate Disclosures, FASB 2024 ASUs, and more
April 25, 2024 15:10 - 8 minutes - 12.1 MBYour 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 SE...
AM Now: SEC Climate Rules & Challengers, CTA/FinCEN, IFRS 3 Update, and more
March 20, 2024 16:05 - 9 minutes - 8.51 MBOnce 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 ...
SEC Final Climate Disclosure Rule
March 15, 2024 20:16 - 51 minutes - 47.2 MBIn 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.
The FASB shakes up segment reporting
March 13, 2024 16:14 - 33 minutes - 31.1 MBIn this episode, we explore the impact of a significant FASB update, ASU 2023-07, on segment reporting standards. This update responds to investor demands for clearer financial transparency, introducing stricter disclosure rules for public entities.
Updates on SEC, IFRS, EU ESG Reporting & Profits Interest Awards ASU
March 08, 2024 18:48 - 8 minutes - 8 MBAs always, your AM Now hosts Adam Olsen and Nicole Harger are back with the week’s biggest accounting and finance stories, including: The 3/6 SEC meeting on the climate disclosure rules Recap of the recent IFRS Sustainability Symposium The provisional agreement to establish an EU carbon removals certification framework Anti-greenwashing laws recently adopted by the European Council The FASB’s recent board meeting discussing a final ASU on profits interest awards For more infor...
Deals Transaction Lifecycle Pt 1: Pre-Transaction Activities, To Buy or Not to Buy? [Re-release]
February 28, 2024 16:29 - 34 minutes - 31.1 MBA lot goes into a successful business transaction. A lot. So in this first part of our latest M&A series, your faithful Embarkers are taking a deep dive into all of those pre-transaction activities that help ensure you start off on the right foot. A little bit of due diligence goes a long way so pull up a chair! For more information on buy-side transactions and related topics: Buy-Side Due Diligence: Report Checklist and Guide for M&A and Other Transactions Purchase Accounting: V...
AM Now: SEC & IASB Updates, FinCen BOI Reporting, Malaysia / ISSB Standards
February 22, 2024 15:00 - 7 minutes - 6.43 MBJust as you suspected, your AM Now hosts Adam Olsen and Matt Fisser are back to bring the accounting and finance news heat, including stories on: The SEC proposal on increasing the threshold for qualifying venture capital funds The Small Business Capital Formation Advisory Committee discusses updates to the Accredited Investor Definition and examines the current state of the IPO market FinCEN's new BOI reporting requirement targets small businesses to enhance financial transparen...
It takes two - Understanding the CSRD’s double materiality
February 15, 2024 08:00 - 44 minutes - 40.6 MBJoin us on this episode of Accounting Matters as we discuss the complexities of the CSRD's double materiality framework. We dive into the significance of materiality in sustainability reporting. From understanding the dimensions to practical considerations in the assessment process, we guide our listeners through the intricate world of sustainability reporting under the CSRD.
Hedge Accounting, NY Sustainability Bills, ESG in China, and More
February 13, 2024 20:15 - 8 minutes - 7.91 MBYour AM Now hosts Adam Olsen and Nicole Harger are back at it again with critical accounting and finance stories from the week that was, including: Updates from the recent FASB Board meeting on Topic 815, Hedge Accounting Improvements New York's S5437 and S897A bills push for pioneering sustainability disclosures in the finance and corporate sectors. China enforces sustainability reporting for all listed companies, setting a new global standard in ESG transparency. The SEC's new...
SEC & SPACs, CSRD Updates, FASB Board Meeting Recap
February 07, 2024 00:48 - 11 minutes - 10.1 MBIt’s once again time for your AM Now hosts Adam Olsen and Matt Fisser to deliver what’s going on in accounting and finance this week, including stories on: The SEC adopted final rules to enhance disclosures and provide additional investor protections in IPOs by SPACs and in de-SPAC transactions. The postponement of certain CSRD elements by two years, including sector-specific sustainability disclosures and sustainability reporting from companies outside the EU. The latest devel...
Year-end reporting reminders for private companies
January 30, 2024 18:45 - 30 minutes - 27.7 MBIn this episode of 'Accounting Matters,' we guide private companies through key accounting developments, covering standards like CECL, simplified goodwill impairment, and supplier finance program disclosures. Additionally, we discuss what lies ahead in the new year.
AM Now: EFRAG Exposure Drafts & SAB 74 Reminders
January 24, 2024 08:00 - 10 minutes - 10 MBYour trusty AM Now hosts Adam Olsen and Nicole Harger are serving up yet another episode of tasty accounting and finance stories for you, including: SEC registrants should expect a significant uptick in their Staff Accounting Bulletin SAB 74 disclosures due to the impending adoption of numerous Accounting Standard Updates (ASUs). EFRAG has initiated a public consultation on two Exposure Drafts – ESRS LSME ED and VSME ED – for sustainability reporting standards. EU member states...
Meet the EU’s CSRD & ESRS, Part 1 (Re-Run)
January 15, 2024 22:35 - 24 minutes - 22.7 MBYou’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 Sustainab...
New ASUs and CSDDD
January 12, 2024 19:58 - 9 minutes - 8.24 MBYour AM Now hosts Adam Olsen and Nicole Harger kick off 2024 with another episode of accounting and finance stories you need to hear, including: The invalidation of the SEC's share repurchase rule by the U.S. Court of Appeals. CorpFin’s statement on the SEC's cybersecurity disclosure rule. Two new accounting standards by FASB: ASU 2023-09, revising income tax disclosures, and ASU 2023-10, addressing accounting for and disclosure of crypto assets. The provisional agreement on the...
CA Climate Bills SB 253 and SB 261
December 21, 2023 08:00 - 39 minutes - 36.5 MBIn this episode of Accounting Matters, Adam and Nicole dissect California's Climate Accountability Package, focusing on Senate Bills 253 and 261. They unravel the mandatory disclosure of greenhouse gas emissions, including Scope 1, Scope 2, and Scope 3, for companies operating in the state. We provide valuable insights into compliance challenges, the role of the California Air Resources Board, and the implications of potential fines for noncompliance. Whether you're a seasoned pro...
Audit Facilitation
December 18, 2023 08:00 - 23 minutes - 21.2 MBIn this episode of Accounting Matters, Adam and Nicole dive into the complexities of audit preparation for companies closing their books in 2023. Drawing from their extensive public accounting experience, they explore common challenges, such as headcount shortages and the impact of significant transactions on readiness. We also discuss the importance of documentation, effective auditor collaboration, and strategies to meet crucial deadlines. Whether you're a seasoned professional ...
SEC/Sustainability Update, AICPA Proposed Framework, FASB
December 14, 2023 08:00 - 7 minutes - 6.58 MBAs always, your AM Now hosts Adam Olsen and Nicole Harger are here delivering this week’s accounting and finance news, including: The latest on the SEC’s still-brewing requirements on climate change disclosures The novel new proposed reporting framework from the AICPA for issuers of stablecoins The FASB adding a project to its technical agenda to refine the scope of ASC 815, Derivatives and Hedging For more information on these and related topics: SEC Proposed Climate Change Di...
AM Now EP 12.14.23: SEC / Sustainability Update, AICPA Proposed Stablecoin Reporting Framework, New Project on the FASB Technical Agenda
December 14, 2023 08:00 - 7 minutes - 6.58 MBAs always, your AM Now hosts Adam Olsen and Nicole Harger are here delivering this week’s accounting and finance news, including: The latest on the SEC’s still-brewing requirements on climate change disclosures The novel new proposed reporting framework from the AICPA for issuers of stablecoins The FASB adding a project to its technical agenda to refine the scope of ASC 815, Derivatives and Hedging For more information on these and related topics: SEC Proposed Climate Change Di...
AICPA Recap
December 13, 2023 08:00 - 27 minutes - 24.9 MBIn this episode of 'Accounting Matters,' we provide a thorough recap of the 2023 AICPA Conference on Current SEC and PCAOB Developments. So join us as we cover key insights such as risk assessment in financial reporting, high-quality accounting standards, and emerging trends in ESG reporting and more! Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.
SEC Spotlight on Cash Flows, FASB's ASU, and Year-End Enforcement
December 05, 2023 22:00 - 7 minutes - 6.7 MBIn this week's episode of AM Now, Matt Fisser takes the reins while Adam and Nicole attend the AICPA conference. Matt covers the SEC's emphasis on the statement of cash flows, emphasizing its integral role in financial statements and the need for consistent scrutiny and audit procedures. He also explores other topics, including the FASB's recent ASU on reportable segment disclosures, providing a breakdown of key requirements, including the disclosure of significant segment expense...
AM Now EP 12.5.23: SEC Spotlight on Cash Flows, FASB's ASU Unveiled, and a Year-End Enforcement Review
December 05, 2023 22:00 - 7 minutes - 6.7 MBIn this week's episode of AM Now, Matt Fisser takes the reins while Adam and Nicole attend the AICPA conference. Matt covers the SEC's emphasis on the statement of cash flows, emphasizing its integral role in financial statements and the need for consistent scrutiny and audit procedures. He also explores other topics, including the FASB's recent ASU on reportable segment disclosures, providing a breakdown of key requirements, including the disclosure of significant segment expense...
Deals Transaction Lifecycle Pt 3: Exit Strategy – Time to Say Goodbye
December 04, 2023 08:00 - 26 minutes - 24.5 MBPutting a bow on our deals lifecycle series, we're joined by Embark deals expert Brett John for a candid chat on crafting exit strategies. From initiating a sale to closing with confidence, we explore the practical steps and emotional roller coaster of letting go of a business. Learn about aligning objectives, negotiating terms, and the often overlooked importance of timing and employee consideration. This one’s a must-listen for anyone navigating the exhausting yet exhilarating com...
EFRAG / CDP Alliance, the GRI’s SIL, and FASB Meeting Updates
November 16, 2023 23:18 - 8 minutes - 7.39 MBJoin your AM Now host Adam Olsen for another week of what’s happening in accounting and finance, including stories on: The strategic alliance between EFRAG and CDP (Carbon Disclosure Project) aimed at expediting the adoption of the ESRS New plans from the GRI (Global Reporting Initiative) for its upcoming Sustainability Innovation Lab (SIL), marking a significant stride on the sustainability reporting front The November 8 FASB meeting on two key projects: Targeted improvements to...
AM Now EP 11.16.23: EFRAG / CDP Alliance, the GRI’s SIL, and Updates from the 11/8 FASB Meeting
November 16, 2023 23:18 - 8 minutes - 7.39 MBJoin your AM Now host Adam Olsen for another week of what’s happening in accounting and finance, including stories on: The strategic alliance between EFRAG and CDP (Carbon Disclosure Project) aimed at expediting the adoption of the ESRS New plans from the GRI (Global Reporting Initiative) for its upcoming Sustainability Innovation Lab (SIL), marking a significant stride on the sustainability reporting front The November 8 FASB meeting on two key projects: Targeted improvements to...
Deals Transaction Lifecycle Pt 2: Acquire, Streamline, and Grow
November 13, 2023 08:00 - 34 minutes - 31.9 MBBuilding on the eye-opening conversation we had in the first episode of our newest podcast series, this second episode cranks it up to 11. How is that even possible, you ask? Well, how about an in-depth, no-holds-barred look at what happens next once the diligence dust settles and the buyer and seller are both ready to move forward with the deal? Buckle up, folks, because this is a good one. For more information on post-diligence needs and related topics: M&A Data Integration Driv...
Updates on the Share Repurchase Rule, P&L Data Quality, & FASB Board
November 08, 2023 00:29 - 8 minutes - 7.65 MBJoin Embarkers Adam Olsen and Nicole Harger for another spirited episode of AM Now, where they discuss important topics like: A three-judge panel recently concluded the SEC exhibited arbitrary and capricious behavior when enacting the share repurchase disclosure rules The SEC’s announcement concerning certain data quality matters on the labeling of income statement line items The November 1 FASB board meeting, discussing the proposed profit interest awards ASU and government gran...
AM Now EP 11.7.23: Updates on the Share Repurchase Rule, P&L Data Quality, & FASB Board Meeting Items
November 08, 2023 00:29 - 8 minutes - 7.65 MBJoin Embarkers Adam Olsen and Nicole Harger for another spirited episode of AM Now, where they discuss important topics like: A three-judge panel recently concluded the SEC exhibited arbitrary and capricious behavior when enacting the share repurchase disclosure rules The SEC’s announcement concerning certain data quality matters on the labeling of income statement line items The November 1 FASB board meeting, discussing the proposed profit interest awards ASU and government gran...
AM Now EP 10.31.23: Updates on Global Sustainability Reporting, SEC ‘24 Examination Priorities, and More
October 31, 2023 20:35 - 12 minutes - 11.5 MBBuckle up for an extra spooky serving of accounting and finance news from Embarkers Adam Olsen and Matt Fisser, including stories on: The European Parliament recently moving forward with the finalization of the first twelve sector-agnostic ESRSs following the close of the open-scrutiny period Australia and Brazil both advancing their use of the ISSB’s global baseline for sustainability reporting Comments from the SEC on its ever-gestating climate-related reporting rule 2024 exam...
Deals Transaction Lifecycle Pt 1: Pre-Transaction Activities, To Buy or Not to Buy?
October 30, 2023 07:00 - 34 minutes - 31.1 MBA lot goes into a successful business transaction. A lot. So in this first part of our latest M&A series, your faithful Embarkers are taking a deep dive into all of those pre-transaction activities that help ensure you start off on the right foot. A little bit of due diligence goes a long way so pull up a chair! For more information on buy-side transactions and related topics: Buy-Side Due Diligence: Report Checklist and Guide for M&A and Other Transactions Purchase Accounting: V...
AM Now EP 10.17.23: The SEC on Beneficial Ownership, Tentative FASB Decisions, the ‘23 TCFD Status Report
October 18, 2023 19:40 - 11 minutes - 10.4 MBJust as they do every week, Embarkers Adam Olsen and Nicole Harger are here to deliver the accounting and finance news, including: A brief overview of the SEC’s most recent rule amendments governing beneficial ownership reporting Tentative board decisions coming from the FASB’s October 11th meeting. Findings from the TCFD’s 2023 status report. For more information on these and related topics: SEC Fact Sheet: Modernization of Beneficial Ownership Reporting Tentative Board Deci...
Meet the EU's CSRD & ESRS, Part 2
October 16, 2023 07:00 - 23 minutes - 21.6 MBAs promised, given the size and importance of the EU’s CSRD and ESRS – and what they might mean for your company and reporting – we’re coming back at you with part 2 of our discussion on this critical topic. So, as usual, find a comfy seat because Embarkers Nicole Harger, Adam Olsen, and Robby Sunberg are coming at you with a metric ton of invaluable insights. For more information on CSRD, ESRS, and related topics: The ESRS Skinny: What the European Sustainability Reporting Standa...
AM Now EP 10.10.23: FASB Updates, CA SB 253 & 261, the UK’s New Sustainability Reporting Framework
October 10, 2023 21:09 - 9 minutes - 9.01 MBDon’t fear, friends…Embarkers Adam Olsen and Matt Fisser are back with what’s going on in accounting and finance this week, including: ASU 2023-06, the FASB’s response to the SEC’s Disclosure Update and Simplification Initiative. The FASB’s Oct 4 meeting focused on two key items: Codification improvements and EITF Issue No. 23-A, “Induced Conversions of Convertible Debt Instruments.” California’s forward-looking, trend-setting climate reporting bills, SB 253 and SB 261. The fina...
Meet the EU’s CSRD & ESRS, Part 1
October 09, 2023 07:00 - 24 minutes - 22.8 MBYou’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 Sustainab...
CECL – Private Companies, It’s Your Turn Now
October 02, 2023 16:06 - 38 minutes - 34.9 MBIn this week’s episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss a topic that’s been on a lot of CFOs’ minds lately – ASC 326, better known as CECL. This time, it’s private companies stepping into the batter’s box, and our resident GAAP gurus are here to provide all of the juicy details. So join in, won’t you?! For more information on CECL and related topics: Preparing for the Current Expected Credit Loss (CECL) Model ASU 2022-02: Financi...
AM Now EP 9.27.23: FASB Update on Software Costs, EITF on Conversion Guidance, and Income Tax Disclosures
September 27, 2023 20:58 - 12 minutes - 11.4 MBIf you want to know what’s going on this week in accounting and finance, Adam Olsen and Nicole Harger have your back with some critical updates, including: An update on the tentative FASB board decisions on its project focused on the accounting for and disclosure of software costs. Decisions from the Emerging Issues Task Force (“EITF”) that, if a consensus is reached, would require entities to apply the pre-existing contract approach when accounting for induced conversions of cash...
AM Now EP 9.18.23: CA Climate Reporting Bills, IFRS Update, Proposed EDGAR Improvements
September 19, 2023 23:13 - 7 minutes - 7.12 MBWant to know what’s happening in accounting and finance today? Then join Adam Olsen and Nicole Harger for this episode of AM Now, where they discuss: CA SB 253 and SB 261, requiring certain U.S. companies to disclose their complete GHG emissions across their value chains as well as climate-related risks The EU Commission consultation to enhance sustainable financial disclosure practices, particularly focusing on the Sustainable Finance Disclosure Regulation (SFDR) The IASB annou...
Mind the GAAP – Understanding Non-GAAP Measures
September 18, 2023 07:00 - 32 minutes - 29.8 MBAs comprehensive as your financial reporting should be, it’s not the end-all-be-all. In fact, as we dicsuss in this episode of the Accounting Matters podcast, plenty can slip through the GAAP cracks, making non-GAAP measures/disclosures critical for stakeholders. So join us for a lively convo on these measures, including some key best practices and insights from Embark’s troop of SEC reporting dynamos. For more information on non-GAAP financial measures and related topics: SEC: No...
AN Now EP 9.12.23: Updates on the FASB & Crypto Accounting, the SEC & XBRL Disclosures
September 12, 2023 21:50 - 5 minutes - 5.37 MBPull up a chair, good friend, because Embarker Matt Fisser is back with even more news from the accounting and finance world, including: The FASB Board’s recent deliberation on accounting for and disclosing crypto assets, also confirming the scope of the proposed ASU The SEC’s Division of Corporate Finance released an illustrative letter with sample comments to guide companies in their use of XBRL and Inline XBRL For more information on these and related topics: FASB Project Upd...
AM Now EP 9.07.23: Updates from ISSB on Sustainability, FASB on Conceptual Framework & Income Taxes
September 07, 2023 15:49 - 7 minutes - 7.18 MBHave a seat for another week of updates from the accounting & finance world, where Embarkers Adam Olsen and Matt Fisser discuss topics like: An investor coalition with >$1B assets recently urged the International Sustainability Standards Board (ISSB) to prioritize human capital and human rights in its next round of global reporting standards. The FASB‘s recent board meeting, discussing one of its key projects on its technical agenda – improvements to income tax disclosures. A ne...
Understanding the SEC Cybersecurity Rules and What They Mean for Companies
September 05, 2023 21:10 - 35 minutes - 32.2 MBThe digital world is bananas. You’ve seen The Matrix, right? Countless bad peeps with bad intentions, all staring lovingly at your critical business data – and not in a good way. So join us for this very special episode of the Accounting Matters podcast as we dive into the new SEC cybersecurity rules, why they’re so essential, and, perhaps most importantly, what they mean for your company and financial reporting. For more information on the SEC cybersecurity rules: Understanding t...
AM Now EP 8.29.23: ASU 2023-05, SEC Updates on Private Fund Advisors & Safeguarding Customer Assets
August 29, 2023 20:12 - 7 minutes - 7.18 MBGuess what? Embarkers Adam Olsen and Nicole Harger are back at it with this week’s goings-on in accounting and finance, including: The FASB’s recent Accounting Standards Update 2023-05 aimed at enhancing transparency and consistency in financial reporting for joint ventures. New SEC rules and amendments under the Advisers Act designed to provide better safeguards for investors and ensure greater transparency in the private fund sector. The SEC’s announcement on reopening the comm...
AM Now EP 8.22.23: FASB Investor Outreach, EU Carbon Border Adjustment Mechanism, SASB Update
August 23, 2023 00:57 - 8 minutes - 8.12 MBJoin AM Now hosts Adam Olsen and Nicole Harger for another dose of what’s happening in accounting and finance these days, including: Highlights from the recently released third annual FASB Investor Outreach Report, which sheds light on the Financial Accounting Standards Board's engagement with investors Overview of the EU's Carbon Border Adjustment Mechanism (CBAM) and the European Commission’s new reporting rules for importers involved in CBAM The future of the SASB Standards a...