Show notes: Usually overshadowed by its financial statement siblings – and often misunderstood – the cash flow statement serves as an essential bridge between your balance sheet and income statement. But it can also be an incredibly useful tool in gauging your company’s financial well-being and capital needs. So join Embarkers Adam Olsen, Sarah Cage-Richter, and Julie Avellanet as they walk you through the cash flow statement, the guidance in ASC 230, and some preparation best practices.

For more information on the cash flow statement and cash flow in general:

• ASC 230, Statement of Cash Flows
• Cash Flow Worksheet Template

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It’s great that your company bought a bunch of new tech that’s going to drive your business forward. Accounting for the tech costs isn’t always great, though. Or fun. So to save you some headaches, join us for this episode of the Accounting Matters podcast as Embarkers Adam Olsen, Sarah Cage-Richter, and Julie Avellanet walk you through the sometimes labyrinth-like guidance around this important topic.

For more information on accounting for software costs, cloud computing, and website costs:

• ASC 350-40, Internal-Use Software
• ASC 350-50, Website Development Costs
• ASC 985, Software
• ASC 730, Research and Development

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We’re in a holiday shopping groove right now, so there’s no better topic than accounting for assets held for sale. So join Embarkers Adam Olsen, Sarah Cage-Richter, and Nicole Harger for a look at what GAAP has to say about your accounting when you're having a red-tag sale on an asset or disposal group.

For more information on accounting for assets held for sale:

• ASC 360

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Vesting schedules, expense recognition, financial reporting, software solutions, and so much more – there are a lot of nooks and crannies in stock comp accounting. That’s why Embark’s team of specialists – Adam Olsen, Sarah Cage Richter, and James Durrenburger – continue the conversation with a closer look at the finer details of this perpetually essential topic with a blockbuster sequel episode.

For more information on lease modifications and remeasurements under stock-based compensation:

• Best Practices for Choosing & Maintaining a Stock Comp Plan
• How to Choose the Right Stock Comp Accounting Software
• Comparing The Best Stock Compensation Software Solutions
• ASC 718, Compensation–Stock Compensation

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We all know why companies use stock-based compensation – to supercharge their talent strategy and incentivize performance and loyalty. But as Embarkers Adam Olsen, Sarah Cage Richter, and James Durrenburger discuss in this first episode of a two-part series, there are a few areas that can make accounting for them pretty tricky, including:

• Which stock-based arrangements fall under the scope of the guidance in ASC 718?
• Measuring the awards using the fair-value based method
• Vesting considerations and conditions
• Classifying awards on the balance sheet

For more information on lease modifications and remeasurements under stock-based compensation:

• Best Practices for Choosing & Maintaining a Stock Comp Plan
• How to Choose the Right Stock Comp Accounting Software
• Comparing The Best Stock Compensation Software Solutions
• ASC 718, Compensation–Stock Compensation

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Ready to bid good riddance to ASC 842 after adoption? Not so fast, our friend. With possibly never-ending – literally – lease modifications and remeasurements, 842 is in no way a ‘set it and forget it’ standard. So join Embarkers Adam Olsen, Sarah Cage Richter, and Nicole Harger for a closer look at what post-adoption ASC 842 compliance might look like for your company and team.

For more information on lease modifications and remeasurements under ASC 842:

Insights & Best Practices for Restructuring Accounting

COVID 19, Lease Accounting, & the Impact of the Coronavirus Pandemic

ASC 842, Leases

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Whether you’re following a traditional path or an alternative one like a SPAC, the IPO road is filled with twists, turns, and new responsibilities, especially around accounting and reporting. So join hosts Adam Olsen, Sarah Cage Richter, and Embark’s Dallas Market President Jason Larkin for an overview of some of the more complex and challenging areas you should prepare for, including:

• Segment reporting
• Earnings per share (EPS)
• Non-GAAP measures
• Management discussion and analysis (MD&A)
• Business combinations & pro forma information
• Stock-based compensation and “cheap stock”
• Comment letter process

For more information on IPO accounting and reporting considerations:

• Going Public: The Pre-IPO Timeline
• IPO Readiness: Accounting Challenges You May Face When Going Public
• Assembling the Teams & Advisors You Need When Preparing for an IPO

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When buyers and sellers don’t completely see eye-to-eye about future performance – and the purchase price – at closing, contingent consideration can save the day. However, accounting for it is another matter. So join hosts Adam Olsen, Sarah Cage Richter, and Embark resident guru Nicole Harger for a discussion on earnouts, where they cover areas like:

• What is contingent consideration?
• Common types of contingent consideration
• Advantages and disadvantages of earn-outs for buyers and sellers
• Tips and insights on constructing earn-out arrangements
• Classifying and subsequently accounting for earn-outs

For more information on contingent consideration:

• ASC 480, Distinguishing Liabilities from Equity
• ASC 815, Derivatives and Hedging
• ASC 805, Business Combinations

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Lessors have feelings, too. It’s hard to tell, though, at least with all of the attention lessees receive in the ASC 842 fervor. But we’re bucking trends in this episode of Accounting Matters, where co-hosts Adam Olsen and Sarah Cage Richter are joined by Embark’s National Quality Senior Manager Julie Avellanet for a hearty discussion on lessor considerations under the new lease accounting standard, covering topics like:

• Lease classification tests and areas where prior classification outcomes may differ
• Contract consideration allocations and applying the available expedient
• Variable lease payments in sales-type leases and recently issued ASU 2021-05
• Collectibility matters and impacts to income recognition
• Increased lessor disclosure requirements

For more information on lessor accounting:

• A Lessor’s Quick Guide to the New Lease Standard ASC 842
• ASC 842, Leases

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What exactly is goodwill? Depends on who you ask. US GAAP certainly has an opinion on goodwill and accounting for its impairment, one that continues to evolve. Given how relevant the topic is these days, we figured it’d be best for our Accounting Matters hosts, Adam Olsen and Sarah Cage Richter, to sit down with one of Embark’s resident gurus, Jason Larkin, to take a closer look at goodwill impairment, hitting on areas like:

• What exactly is goodwill
• Performing the qualitative or quantitative goodwill test
• Insights on accounting for goodwill impairment
• Recent GAAP changes and where the FASB might be heading next 

For more information on accounting for goodwill impairment:

• Goodwill Impairment Testing Guide, Examples, & Accounting Tips
• ASU 2017-04, Intangibles—Goodwill and Other

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