Building 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 Drives Successful Transactions

Cash to Accrual: How to Convert to GAAP Accounting

The Ultimate Account Reconciliation Template and Best Practices

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Join 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 grants received by business entities

For more information on these and related topics:

US court tells SEC to fix 'defective' share buyback rule

Changing Labels for the Same Reported Item on the Income Statement over Multiple Periods

FASB: Tentative Board Decisions

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Buckle 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 examination priorities from the SEC

For more information on these and related topics:

Final adoption of ESRS a ‘game changer’ for mandatory reporting

Australia published ISSB-inspired draft sustainability reporting standards

Brazil Becomes First Country to Adopt Global ESG Reporting Rules

SEC Chair Gensler Declines to Give Timeline for Final Climate Disclosure Rule

SEC Division of Examinations Announces 2024 Priorities

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A 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: Valuations, Adjustments & Accounting for M&As

Post-Merger Integration Checklist

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Just 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 Decisions: Wednesday, October 11, 2023 FASB Board Meeting

TCFD Report Finds Sharp Increase in Company Disclosure of Climate Risks and Opportunities

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As 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 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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Don’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 final edition of the UK’s Transition Plan Taskforce (TPT) Disclosure Framework, aimed at establishing a top-tier standard for companies to develop and report their climate transition plans.

For more information on these and related topics:

ASU 2023-06: Disclosure Requirements

FASB October 4 Meeting Handout

SB 253 and SB 261: A Look at California's Landmark Climate Reporting Bills

FCA welcomes the launch of the Transition Plan Taskforce Disclosure Framework

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

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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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

In 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: Financial Instruments, Credit Losses

ASC 326, Financial Instruments—Credit Losses

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If 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 convertible debt instruments
• The SEC’s issuance of their fund “names rule” amendments

For more information on these and related topics:

Accounting for and Disclosure of Software Costs

Induced Conversions of Convertible Debt Instruments

SEC Enhances Rule to Prevent Misleading or Deceptive Fund Names

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