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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.
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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

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

The CECL standard - 5 things you need to know

5/14/2019
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You’ve checked the new revenue and leases standards off your list. Next up: the current expected credit loss (CECL) standard. If you’ve only just begun or haven’t yet started to think about what CECL means for your company―then, tune in! PwC partner Seth Drucker joins Heather Horn to discuss the CECL model and what it means for companies as they prepare for adoption, including: nowAbout our guest Seth Drucker is a partner in PwC’s National Quality Organization, specializing in accounting...

Duration:00:25:56

Accounting for stock compensation: 5 things you need to know

5/7/2019
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Although the FASB simplified the accounting for stock based awards, it’s still a complex area of accounting. In this episode, PwC partner Heather Horn and director Nicole Berman go back to the basics and discuss five things you should know about accounting for stock compensation awards, including: How to determine the grant date and why it’s so importantThe balance sheet classification of awards (liability vs equity)The different types of vesting conditionsExpense attributiongraded vesting...

Duration:00:18:18

The new revenue standard: 5 things private companies need to know

4/30/2019
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Help for private companies―adoption of the new revenue standard is just around the corner. So that you’re ready, hear some of the challenges and lessons learned by public companies from their adoption efforts. In this week’s episode, we’re joined by PwC partner, CJ Finn, to take a look back at how public companies adopted ASC 606 and discuss 5 things private companies need to know, including: Effective date and transition electionsOverview of the 5-step modelIdentification of the...

Duration:00:21:14

Debt classification: Back to the basics with 5 things you need to know

4/22/2019
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Refinancing debt, but not quite sure how it will impact your balance sheet classification? The current guidance is complex, but help is on the way. Suzanne Stephani, PwC director and debt classification specialist, joins Heather Horn to decipher the guidance, discuss common questions, and provide an update on the FASB’s related project. Highlights include: ● 1:05 - Debt covenant violations - What should companies be thinking about if they violate a covenant at the balance sheet date? ●...

Duration:00:18:33

The US macroeconomic outlook: 5 things you need to know

4/16/2019
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The US economy is at a crossroads. While the changes we’re facing weren’t caused entirely by the great recession, it did send us down a different trajectory. In this week’s episode, we take a look forward to examine the dynamics that determine economic growth, including workforce and productivity growth, advancements in technology, and global governance. We also look at the risks that may impact our macroeconomic forecasts. Chris Benko, PwC’s senior economic advisor, joins Heather Horn to...

Duration:00:26:31

Non-GAAP financial measures: 5 things you need to know

4/9/2019
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Are you using non-GAAP financial measures? Need an update on the SEC's rules and interpretative guidance around reporting this information? Then listen to this week's episode. Diane Howell, a partner in PwC's national office, joins Heather Horn to discuss 5 things companies should know about non-GAAP measures.

Duration:00:21:19

Mind the GAAP! Here are 5 things you need to know about non-GAAP financial measures

4/9/2019
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Are you using non-GAAP financial measures? Need an update on the SEC’s rules and interpretative guidance around reporting this information? Then listen to this week’s episode. Diane Howell, a partner in PwC’s national office, joins Heather Horn to discuss 5 things companies should know about non-GAAP measures, including:

Duration:00:19:32

Lessee right-of-use assets: 5 things you need to know

4/2/2019
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In this episode Andreas Ohl, a partner in PwC's National office, joins Heather Horn to discuss "day 2" lease accounting considerations. After spending so much effort just to adopt the new standard, some companies may not have begun to evaluate what comes next. Andreas introduces a concept some companies may not have on their radar: how do you assess the new lease right-of-use asset for impairment. Tune in to learn five things companies should know about the subsequent accounting by lessees...

Duration:00:25:06

LIBOR phase out: 5 things you need to know

3/26/2019
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Need to know more about the ways the phase out of LIBOR could affect your company? If so, you're not alone. Some say it's one of the most important numbers in finance. So the replacement of LIBOR will reach far beyond the financial markets and is expected to impact the accounting and financial reporting for most companies. It's a complex topic and companies have a lot to think about as they prepare for this change. In this episode, PwC partner Heather Horn leads a lively discussion with...

Duration:00:40:01

The quarter close - Q1 2019 edition

3/18/2019
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This first quarter 2019 edition of The quarter close publication will be read to you by Marc Jerusalem, a Director in PwC's National office. This edition of The quarter close provides timely accounting and reporting information that can help you prepare for this quarter's reporting. Topics include: The new leases standard is here! We provide key reminders about lease disclosures, recently issued guidance for lessors and other implementation considerations, the latest on the frequency of...

Duration:00:43:41

Assessing collectibility under ASC 606: 5 things you need to know

3/12/2019
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Determining when to recognize revenue under the new revenue standard for customers in financial distress or bankruptcy requires judgment. Don't assume the answer is the same as it used to be. In this episode, PwC partners Heather Horn and Pat Durbin discuss five things you need to know about assessing collectibility under the new revenue standard, with a specific focus on recognizing revenue when customers are in financial distress or bankruptcy. We discuss the collectibility model: credit...

Duration:00:19:41

Sustainability reporting: 5 things you need to know

2/22/2019
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What are investors' expectations when it comes to sustainability reporting, and how can companies improve the transparency of disclosures so that they are viewed as adequate, comparable, and reliable? In this episode, PwC partners Heather Horn and Sara DeSmith discuss five things that stakeholders and investors should know about sustainability reporting, including: An overview of sustainability reporting and how companies report on it today, investors perspectives on sustainability reporting...

Duration:00:16:49