Accounting Matters Embark

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 grantsAnother update from FASB, this time on ASC 815—Derivatives and HedgingFASB’s redeliberations on the Interim Reporting (Topic 270) ASUThe SEC’s adoption of amendments to a rule under the Investment Advisers Act of 1940The 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

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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

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Your 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 rulesFASB has issued the first two Accounting Standards Updates of 2024FASB’s tentative decisions on its accounting for internal-use software costs projectUpdate on FASB’s proposal over disclosures of the disaggregation of income statement expenseThe SEC’s technical amendments in response to a Federal court's decision to vacate rule amendments on repurchases of an issuer’s equity securities
For insights and tips on ESG reporting from Embark’s team of specialists:ESG Reporting Best Practices: Implementation & Beyond

For more this week’s topics:
The Case Against the SEC’s Final Climate Rules Begins in Earnest (and What It Means)
FASB Accounting Standards Updates: 2024-01, 2024-02
Accounting for and Disclosure of Software Costs
Tentative Board Decisions - Disaggregation of Income Statement Expenses
SEC: Share Repurchase Disclosure Modernization Final Rule; Technical Amendments

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Listen to AM Now on Apple Podcasts and Spotify.

Once 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 unconstitutional, impacting reporting mandates.IASB proposes amendments to IFRS 3 to enhance acquisition and impairment reporting.Canadian Sustainability Standards Board proposes sustainability reporting standards, seeking feedback.
For more information on these and related topics:

SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors
SEC climate disclosure rule faces legal gantlet
Digital assets addressed by FASAB
FAF Wants to Know How the Private Company Council Can Be More Effective
Corporate Transparency Act Ruled Unconstitutional
IASB consults on proposals to improve reporting of acquisitions
Canada Releases Proposed IFRS-Based Sustainability Reporting Standards

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Listen to AM Now on Apple Podcasts, Google Play, and Spotify.

In 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.

In 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.