Accounting Matters

Embark
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

  1. 24 JUL

    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:  LinkedInInstagramTwitterFacebookYouTube Listen to AM Now on Apple Podcasts and Spotify.

    9 min
  2. 11 JUL

    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 costsProgress on FASB’s project for disaggregation of income statement expensesSneak 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 websiteNew interpretive guidance from the SEC to clarify its recent cybersecurity rulesIASB finalizing the revision of IFRS Practice Statement 1, Management CommentaryISSB’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:  LinkedInInstagramTwitterFacebookYouTube Listen to AM Now on Apple Podcasts and Spotify.

    7 min

About

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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