289 episodes

Our accounting podcast features PwC specialists discussing today's most compelling accounting, regulatory and financial reporting issues. From the new leases and revenue standards to CECL to LIBOR rate replacement, PwC Partner Heather Horn hosts each episode tackling a single topic and providing listeners with key takeaways to stay informed on these important accounting matters.

PwC's accounting podcast PwC

    • Business
    • 4.5 • 127 Ratings

Our accounting podcast features PwC specialists discussing today's most compelling accounting, regulatory and financial reporting issues. From the new leases and revenue standards to CECL to LIBOR rate replacement, PwC Partner Heather Horn hosts each episode tackling a single topic and providing listeners with key takeaways to stay informed on these important accounting matters.

    PwC: Our comments on the SEC’s climate disclosure proposal

    PwC: Our comments on the SEC’s climate disclosure proposal

    Response letters to the SEC’s climate disclosure proposal are in – thousands of them – and one of those letters is PwC’s own response. This week, Heather Horn was joined by Wes Bricker, PwC Vice Chair and Trust Solutions Co-Leader to discuss the contents of our letter to the SEC, and share further insights on our recommendations to the staff.
    In this episode, you will hear:
    2:20 - Feedback on the climate disclosure proposal from diverse perspectives collected across the financial reporting ecosystem9:10 - Why the proposal is important for a variety of stakeholders15:34 - How the proposal fits into the global climate reporting landscape18:58 - The importance of data in meeting the disclosure requirements, along with risks and opportunities of the proposal through management’s lens28:55 - A discussion on the 1% footnote threshold34:55 - The benefits of agreeing on a consistent reporting framework for greenhouse gas emissions39:35 - Insights into addressing the complexities of scope 3 reporting requirements42:15 - The importance to investors and other stakeholders of reasonable assurance over climate reportingWant to learn more about the SEC’s proposal? Listen to our previous podcasts that provide perspective from the C-suite, a closer look at governance, and a focus on implementation considerations. Also refer to the text or audio version of our In the loop, The SEC wants me to disclose what?
    Wes Bricker is PwC’s Vice Chair and Trust Solutions Co-Leader for the US and Mexico. In this role he oversees the largest Trust platform in the world, bringing together the firm’s combined Audit, ESG, Digital Assurance and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Wes is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams and driving innovation.
    Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
    Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

    • 52 min
    Leasing toolkit: Spotting embedded leases

    Leasing toolkit: Spotting embedded leases

    In our Toolkit podcast series, we take a deep dive into one accounting topic each month that goes beyond the basics and into areas that require judgment. This month, we are covering leasing–a multifaceted area that generates numerous questions. 
    In this episode, Heather Horn was joined by Jillian Pearce and Marc Jerusalem from our National Office to dive into how to detect potential embedded leases in service or supply contracts and assess contract terms in the context of the leasing criteria.
    In this episode, you will hear them discuss:
    1:28 - The definition of a lease4:53 - How to think about the “in exchange for consideration” part of the definition and “free” leases10:34 - The identified asset criteria and “floating” leases15:47 - The substitution rights criteria and how to assess the ability to economically benefit from substitution20:52 - Common questions on understanding the right to substantially all economic benefits criteria27:03 - The right to direct the use of the asset criteria and predetermined rights38:07 - Common examples where embedded leases are found and final advice Want to learn more? Listen to our previous podcasts in our Leasing toolkit series on demystifying sale-leasebacks and build-to-suit arrangements, private company adoption and how to get lease measurements and modifications right. 
    Jillian Pearce is a Partner in PwC's National Office, providing advice on financial instruments and other technical accounting issues to power and utilities clients. She was a Professional Accounting Fellow in the Office of the Chief Accountant at the SEC, and has over 15 years of auditing experience.
    Marc Jerusalem is a Director in PwC’s National Office specializing in leasing. Marc consults with clients on complex lease accounting issues and is a frequent contributor to many related PwC National Office publications.
    Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
    Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

    • 45 min
    View from the C-suite on climate disclosures

    View from the C-suite on climate disclosures

    The SEC has published its widely anticipated proposal to enhance companies' climate-related disclosures. In addition to details regarding how management identifies, assesses, and manages climate-related risks and the related impact on financial metrics, the proposal calls for companies to provide information about how their boards provide oversight of climate-related matters.
    This week, Heather Horn was joined by Joe Allanson, EVP, ESG Finance for Salesforce to discuss a preparer’s perspective on the SEC's proposal.
    In this episode, you will hear:
    1:21 - How changes in the overall prominence of ESG reporting is reflected in the C-suite8:53 - One company’s journey to the current state of climate-related reporting16:24 - Benefits and challenges of the SEC’s climate disclosure proposal from a reporting perspective26:20 - Perspectives on the process of developing effective ESG reporting, along with a discussion about the supporting data quality36:41 - The importance of global climate reporting requirements and alignment40:17 - Final advice on ESG reportingWant to learn more about the SEC’s proposal? Listen to our previous podcasts that provide a closer look at governance, related investor perspectives, legal and regulatory perspectives, and a focus on implementation considerations. Also refer to the text or audio version of our In the loop, The SEC wants me to disclose what?
    Joe Allanson is an EVP, Finance ESG at Salesforce. Joe has over 18 years of experience serving in various finance and accounting management positions at Salesforce, including 14 years as Chief Accounting Officer and Corporate Controller. Joe also sits on the advisory board to several universities. 
    Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
    Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

    • 46 min
    The quarter close - second quarter 2022

    The quarter close - second quarter 2022

    In the second quarter 2022 edition of The quarter close, PwC’s Deputy Chief Accountants provide their thoughts on what should be top of mind when considering accounting and reporting in the current economic environment. We also provide updates on the SEC’s climate and cyber disclosure proposals and the FASB’s new standard-setting projects.

    Read The quarter close for these and other relevant accounting and reporting topics you should consider as you close out the second quarter of 2022.

    Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

    • 36 min
    Leasing toolkit: Demystifying sale-leasebacks and build-to-suits

    Leasing toolkit: Demystifying sale-leasebacks and build-to-suits

    In our Toolkit podcast series, we take a deep dive into one accounting topic each month that goes beyond the basics and into areas that require judgment. This month, we are covering leasing–a multifaceted area that generates numerous questions. 
    In this episode, Heather Horn was joined by Chad Soares and Marc Jerusalem from our National Office to breakdown the complexities of sale-leaseback transactions and build-to-suit lease arrangements.
    In this episode, you will hear:
    1:24 - An overview of sale-leaseback transactions, including how the accounting changed in the updated leases standard7:59 - A deeper dive into meeting the risks and rewards of ownership criteria and the treatment of purchase and put options  18:50 - Accounting for sale-leasebacks and questions about fair value24:50 - What to do when transactions don’t qualify for sale-leaseback accounting31:10 - An overview of build-to-suit arrangements and changes from the more form driven prior guidance 39:42 - Things to look out for in sale-leaseback and build-to-suit transactions42:18 - Final advice for dealing with these complex arrangementsWant to learn more? Listen to our previous podcasts in our Leasing toolkit series on private company adoption and how to get lease measurements and modifications right. 
    Chad Soares is a partner in PwC's National Office focused on leasing and financing arrangements. He was a primary author of PwC’s Leases guide and continues to contribute to a variety of thought leadership related to leasing and financial instruments.
    Marc Jerusalem is a Director in PwC’s National Office specializing in leasing. Marc consults with clients on complex lease accounting issues and is a frequent contributor to many related PwC National Office publications.
    Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
    Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

    • 47 min
    SEC climate disclosure proposal: Implementation considerations

    SEC climate disclosure proposal: Implementation considerations

    On March 21, the SEC published a widely anticipated proposal to enhance companies' climate-related disclosures. In addition to details regarding how management identifies, assesses, and manages climate-related risks and the related impact on financial metrics, the proposal calls for companies to provide information about how their boards provide oversight of climate-related matters.
    In this episode, Heather Horn was joined by Brigham McNaughton, a managing director in PwC’s ESG practice, to discuss the challenges and opportunities companies face as they consider how to implement the SEC's climate disclosure proposal.
    In this episode, you will hear:
    1:13 - An overview of the implementation questions companies are asking4:53 - Physical and transition risk disclosure requirements of the proposal, and how those terms are defined17:08 - Navigating the 1% rule for the financial statement disclosures21:14 - How companies can ensure their processes, controls and data are sufficient to meet the proposal requirements28:04 - Emissions disclosures and using carbon offsets, and the related attest considerations35:45 - What to focus on when developing new climate goals and targets43:28 - Global outlook - the CSRD and ISSB proposals48:53 - Final advice on the future of ESG reportingWant to learn more about the SEC’s proposal? Listen to our previous podcasts that provide a closer look at governance, related investor perspectives, and legal and regulatory perspectives. Also refer to the text or audio version of our In the loop, The SEC wants me to disclose what?
    Brigham McNaughton is a managing director in PwC’s ESG practice. He has served global clients in a range of industries including utilities, automotive, and financial services, advising on core ESG strategy development and stakeholder engagement. Brigham has worked closely with the Sustainability Accounting Standards Board on a variety of reporting initiatives.
    Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
    Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

    • 52 min

Customer Reviews

4.5 out of 5
127 Ratings

127 Ratings

mnchgdutrkchkr(j ,

Very insightful

Love the podcasts easy to stay up to date with these.

Neighbor00 ,

Extremely helpful

I find PwC’s accounting and reporting podcast very helpful. These podcasts provides very good overview of complex accounting issues and points listeners to resources to get more details on the topic. Heather Horn does an awesome job of hosting these.

mjsinde ,

Washington Explained Podcast-waste of time

Listening to the 9/23 PodCast Washington Explained was a complete waste of time. Your expert Roz Brooks, was not very insightful. Read the paper or watch the news to get better insight. Further, she expressed no opinion nor predictive ability. Lastly, her politics and view point was palpable.

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