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PwC's CFOdirect accounting podcast series

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PwC professionals share perspectives on today's key regulatory, accounting and financial developments. Providing insight using plain English to help you stay current in a rapidly changing business world.

PwC professionals share perspectives on today's key regulatory, accounting and financial developments. Providing insight using plain English to help you stay current in a rapidly changing business world.
More Information

Location:

United States

Description:

PwC professionals share perspectives on today's key regulatory, accounting and financial developments. Providing insight using plain English to help you stay current in a rapidly changing business world.

Language:

English

Contact:

973-236-4591


Episodes

What qualifies as an income tax under US GAAP? 5 things to know

10/8/2019
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Accounting for income taxes impacts almost all companies and can be complex. In order to get the accounting right, it’s important to understand what’s in the scope of the income tax guidance. Help is on the way as Jennifer Spang and Kassie Bauman join Heather Horn walk you through the principles involved. Topics include: Definition of income taxes Withholding taxes Tax credits and other benefits Partnerships and other non-taxable entities The evolving tax landscape About our...

Duration:00:20:16

Revenue contract modifications: 5 things you need to know

10/1/2019
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Accounting for contract changes under the new revenue standard can be complex, and not all modifications are accounted for the same. Tune in as Angela Fergason joins Heather Horn to help navigate the guidance by sharing 5 things you need to know about contract modifications under ASC 606. Topics include: Definition of contract modificationModifications accounting modelSee tableKey areas of judgmentOperational challengesDisclosuresAbout our guest Angela Fergason is a partner in PwC's...

Duration:00:14:04

Answers to the top 5 questions from our Q3 accounting webcast

9/24/2019
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Did you submit a question during our Q3 quarterly accounting and reporting developments webcast? Even if you couldn’t join the webcast, you’ll find this episode helpful as we answer the most common questions on recent accounting developments. Tune in as Maria Constantinou, John Horan, Marc Jerusalem, and Suzanne Stephani join Heather Horn to address topics you need to know about, including: Leasing and the scope of CECL Leasing and the statement of cash flows Debt restructuring Foreign...

Duration:00:22:05

The quarter close - Q3 2019

9/17/2019
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This edition of The quarter close provides timely accounting and reporting information that can help you prepare for this quarter’s reporting. Topics include: Episode details Accounting hot topics 0:52 - Topic 1: FASB proposes delay of effective dates for certain major standards 3:11 - Topic 2: The new credit losses standard: insights and reminders 6:13 - Topic 3: SAB 74 disclosures 7:16 - Topic 4: New guidance for cloud computing service arrangements effective soon 10:34 - Topic 5:...

Duration:00:30:17

Accounting for service concession arrangements: 5 things to know

9/9/2019
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Service concession arrangements can be long term in nature, so day 1 accounting decisions will impact your financial statements for a long time. Tune in as Dusty Stallings joins Heather Horn to discuss 5 things you need to know about implementing the new guidance. Topics include: Overview Scope Balance sheet presentation Income statement impact Common questionsdisclosure About our guest Dusty Stallings is a PwC partner who specializes in the application and interpretation of revenue...

Duration:00:22:46

Accounting for cloud computing costs: 5 things you need to know

9/3/2019
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Accounting for cloud computing costs is complicated and doesn’t just affect technology companies. Tune in as Angela Fergason joins Heather Horn to discuss 5 things you need to know about implementing the new guidance. Topics include: :What’s happeningis Background on the new standard Details on the news guidance Adoption and transition Next stepsAbout our guest Angela Fergason is a partner in PwC's National office with 20 years of experience specializing in accounting for revenue and...

Duration:00:21:10

FASB proposal to delay effective dates: 5 things you need to know

8/27/2019
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How could the FASB’s proposal to delay the effective dates for certain companies for leases, credit losses, hedging, and long-duration insurance contracts ease implementation burdens? Maria Constantinou joins Heather Horn to discuss the proposed changes and the potential impact to preparers and users. Topics include: Background on the proposal The proposed changesQuestions about the proposals Impact Next steps About the guest As a director in PwC’s National office, Maria Constantinou is...

Duration:00:20:18

Accounting for inventory - 5 things you need to know

8/20/2019
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Many companies hold inventory, and the accounting can be complex. It’s not surprising that “inventory” is one of the most searched terms on our website, but help is on the way. Pat Durbin is again with us in the studio joining Heather Horn to take us back to the basics on accounting for inventory including: 1:07 - Scope. We kick things off with a discussion of scope of the guidance and an overview of the general principles. 3:22 - Elements of cost. Pat discusses what types of costs would...

Duration:00:19:27

What’s on the PCAOB’s agenda? 5 things you need to know

8/13/2019
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The PCAOB’s activities are a vital part of the financial reporting ecosystem. That’s why we’re turning our attention to their agenda and standard setting process. Brian Croteau joins Heather Horn to discuss developments, recent changes, and what’s to come. 1:34 - Who’s who. This is the first time the full board has simultaneously turned over since its inception 15+ years ago. Learn more about the notable people changes. 3:56 - Strategic plan. To drive reliable financial reporting, the...

Duration:00:29:14

Changes to SEC transaction disclosures: 5 things you need to know

8/5/2019
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The SEC is proposing significant changes to its disclosures required for acquisitions and dispositions of businesses. In this episode, Heather Horn welcomes back Martin Thiselton-Dyer to discuss the details of the proposal and what it could mean to registrants, including: 1:20 - Recap on existing rules. Learn more about the current guidance and the background on the proposals. 4:04 - Why change. We discuss how the proposals could reduce complexity and cost of compliance. 6:47 - Details of...

Duration:00:30:21

The FASB's goodwill accounting project: 5 things you need to know

7/30/2019
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Wish you didn’t have to face another annual goodwill impairment test? Does amortizing goodwill or using a trigger-based assessment sound better? The FASB is soliciting feedback on these ideas and more in their recent invitation to comment on identifiable intangible assets and the subsequent accounting for goodwill. Before you put pen to paper, hear what Andreas Ohl tells Heather Horn regarding the details of the proposal, including: 6:19 - Amortization period. Over what period of time would...

Duration:00:26:11

Accounting for contingencies: 5 things you need to know

7/23/2019
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Accounting for loss contingencies, or, as some still refer to it, “FAS 5” liabilities, impacts many companies. The principles underlying the accounting serve as the foundation to other areas of GAAP. In this episode we’re going back to the basics and providing a refresher on the contingency model. Pat Durbin joins Heather Horn to help navigate the guidance and answer our questions, including: 5:47 - Remote loss contingencies. Pat explains the situations when a loss contingency should...

Duration:00:23:40

Segments: Back to the basics with 5 things you need to know

7/16/2019
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Think segment reporting is just about disclosure? Think again. In this episode we go back to the basics to discuss the broader impact it can have on your financial statements. Matt Sabatini joins Heather Horn to help navigate the guidance and answer our questions, including: 1:00 - Scope/overview of the model and why companies should care. Matt provides a brief background and takes us through the segment reporting model. 3:00 - Operating segments. The first step to segment reporting is to...

Duration:00:30:29

Lease remeasurements: 5 things you need to know

7/9/2019
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As companies kick off their third quarter, we turn our attention back to the new leases standard to look at a key day 2 accounting issue: remeasurement. In this episode, Jillian Pearce joins Heather Horn to take a closer look at some of the more complex questions; topics include: 2:27 - The new rules of modifications. We first identify what a modification is and then look at some of the changes to the framework for how companies should evaluate them. 7:23 - Other types of remeasurements....

Duration:00:20:31

Earnings per share: 5 things you need to know

6/25/2019
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Earnings per share measures get a lot of attention from users of financial statements; however, calculating EPS can be complex. In this episode, John Bishop, PwC partner, joins Heather Horn to provide a refresher on the models and demystify the calculations. Topics include: 2:22 - Basic EPS - John provides an overview of the basic EPS model and then breaks it down step-by-step (numerator and denominator considerations). 6:58- Diluted EPS. Before John dives deeper into the calculations, he...

Duration:00:27:30

The quarter close – Q2 2019

6/18/2019
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This edition of The quarter close provides timely accounting and reporting information that can help you prepare for this quarter’s reporting. Topics include: Episode details Front and center Accounting hot topics SEC and regulatory update Appendix FASB guidance effective dates

Duration:00:35:03

Consolidation: Back to the basics with 5 things you need to know

6/11/2019
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To consolidate or not to consolidate - that is the question. If you need to better understand the answer (or just need a quick refresher) then listen to this week’s episode in which Heather Horn and Matt Sabatini go back to the accounting 101 of consolidations. Topics include: Scope/overview of modelsVariable interest entity modelVoting interest modelRecent guidance (private company alternative)About our guest Matt Sabatini is a partner in PwC's National Office, where he helps clients and...

Duration:00:25:30

Accounting for foreign currency: 5 things you need to know

6/4/2019
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Need a refresher on accounting for foreign currency translations and transactions? In this week’s episode, Heather Horn and PwC managing director John Horan go back to the basics and examine the accounting for foreign currency, including: Identification of foreign entitiesDetermining the correct functional currencyforeign currency transactionsremeasurementtranslation processReleasing CTAloans designated as a permanent advanceAbout our guest As a managing director in PwC’s National office,...

Duration:00:28:26

Investor perspectives on reporting: 5 things you need to know

5/28/2019
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What do investors and analysts really want to learn from your financial statements? And what are their areas of focus? We answer those questions (and more) from our investor outreach on this week’s episode. PwC director Gregory Johnson joins Heather Horn to discuss what’s on the minds of investors, including: About our guest Gregory Johnson is a director in PwC’s National office with a primary focus on investor engagement. In this role, Gregory builds relationships with investors,...

Duration:00:24:16

The FASB's agenda: 5 things you need to know

5/21/2019
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With the big three projects in the rear view mirror, preparers are starting to wonder what's next for the FASB. Feed your curiosity by tuning into this week’s episode when PwC director Maria Constantinou joins Heather Horn to discuss the FASB’s standard setting process and technical agenda, including: About our guest As a director in PwC’s National office, Maria Constantinou is responsible for monitoring the FASB’s standard-setting activities and is a frequent contributor to PwC's thought...

Duration:00:19:19