Podcasts about ifrs

Tariffs levied by the US government continue to evolve, creating significant implications for finance and accounting teams, from accounting for tariff refunds and staying ahead of rising enforcement activity to financial reporting and internal controls. This episode explores recent tariff developments and what a finance team should have on its radar ahead of year-end reporting season.Key topics and timestamps1:32 — Why tariffs matter to finance teams3:56 — IEEPA tariff refunds6:32 — Accounting for tariff refunds14:22 — Sections 232 and 30119:43 — How tariff stacking works26:32 — US-Canada trade developments30:55 — Heightened tariff enforcement37:13 — Year-end reportingAdditional resourcesFor more, read our in depth, Accounting implications of tariffs. Additionally, follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay informed.About our guestSharon Martin is a principal with PwC's Customs and International Trade practice with extensive experience advising clients on both trade compliance and strategic planning related projects. Sharon has worked with clients in a variety of industries providing strategic advice on customs advisory, risk mitigation, and duty planning.About our guest hostPat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.TranscriptsTranscripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

Lee Eagling, A&A and Compliance Technical Consultant at Mercia Group, gives his initial reaction to the government's long awaited consultation on modernising corporate reporting. Seventy pages, sixty questions, and just about everything on the table.In this episode:Bringing company law and financial reporting requirements under one roofReshaping the frameworks: UK endorsed IFRS, FRS 102, UK GAAP for SMEs and FRS 105Diluting true and fair for SMEs, and what that could mean for the quality of financial statementsMedium entities moving closer to the small company regime, with knock on audit implicationsReplacing distributable profits with a solvency test for declaring dividendsRedefining headcount on a full time equivalent basisThe consultation closes on 30 November. You do not need to answer every question, so pick the ones that matter most to you. Mercia will be submitting a response and would welcome your views.Join us this autumn:Accounting: what's new for autumn 2026Accounting and audit: what you need to know in autumn 2026For more information on this topic and more, please visit www.mercia-group.com for further details.

This episode is part of my Old but Gold series, where I revisit some of my earlier podcasts that are still completely relevant for your SBR exam today. The recording may be from the archives, but the knowledge and exam technique are every bit as useful now.OCI and OCE sound very similar, but they are not the same thing. In this episode, I explain the difference between other comprehensive income, which is a performance statement for the period, and other components of equity, which is a cumulative balance within equity on the statement of financial position. I also show how the two are linked.You'll see how this terminology connects across SBR, including IAS 16 revaluations, IAS 21 foreign exchange differences, IFRS 9 financial instruments, IAS 19 pensions and IFRS 2 share-based payments. The key is not just learning two definitions. It is understanding where gains and losses go, how they build up within equity, and being comfortable with the integrated nature of SBR questions.Thanks for listening to this episode of Pass Your SBR ACCA Exams with Tom Clendon.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel:⁠⁠⁠⁠ ⁠⁠https://www.youtube.com/@tomclendonSBR⁠⁠⁠⁠⁠⁠.For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering:⁠⁠⁠⁠ ⁠⁠https://tomclendon.co.uk/⁠⁠⁠⁠⁠⁠.(0:00) Old but Gold introduction(1:00) OCI and OCE: same, same but different(1:30) What is other comprehensive income?(2:07) What is other components of equity?(2:43) The relationship between OCI and OCE(3:07) What goes through OCI(3:22) Revaluations, foreign exchange, IFRS 9 and pensions(4:36) Items in OCE that do not come through OCI(5:21) IFRS 2 share-based payments and OCE(6:16) Why this terminology matters across SBR

Custom Health CEO Shane Bishop joined Steve Darling from to discuss the company's fiscal second-quarter 2026 results, highlighting strong revenue growth, strategic acquisitions and continued expansion of its medication management platform. Bishop said the quarter was marked by the company's successful TSX listing, the integration of InnovativeRx, and continued efforts to build a comprehensive at-home healthcare platform. He added that proposed acquisitions of Evergreen Pharmacy and Spencer Health Solutions are expected to further strengthen the company's pharmacy network and in-home technology capabilities. For the quarter ended June 30, 2026, Custom Health reported revenue of US$7.4 million, up 70% from US$4.3 million a year earlier. Gross profit increased 43% to US$2.9 million, while gross margin was 39.3% compared to 46.7% in the prior-year period. The company reported an adjusted EBITDA loss of US$3.3 million, compared to a loss of US$3.0 million in the same quarter last year. Net loss from continuing operations was US$33.4 million, largely due to a one-time, non-cash IFRS listing expense of US$22.4 million related to the company's reverse takeover transaction. Chief Financial Officer Jason Nalewany said the company expects to exceed US$130 million in annualized revenue run rate by year-end and achieve positive EBITDA in 2027, assuming the completion and integration of its planned acquisitions. During the quarter, Custom Health completed the acquisition of substantially all operating assets of InnovativeRx for approximately US$16.6 million, expanding its presence across Indiana and Ohio. The company also completed its transformation from Queue Ventures Ltd. to Custom Health Holdings Inc. and began trading on the Toronto Stock Exchange under the symbol CHLT. #proactiveinvestors #customhealth #tsx #nhlt #pharma #DigitalHealth #ConnectedCare #HealthcareTechnology #Pharmacy #Telehealth #TSX #HealthTech #PatientCare #HealthcareInnovation #DigitalHealth #SpecialtyPharmacy #HealthTech #TSX #Acquisitions #PatientCare #HealthcareInnovation

IFRS-International Financial Reporting Standards to System of Ecolonomy Accounting-SoEA

Technical staff member Helen Lloyd and director Michelle Sansom discuss the IASB's proposed targeted amendment to the third edition of the IFRS for SMEs Accounting Standard, including why it is being proposed before the Standard's effective date and how stakeholders can share feedback.

In this month's episode, Anu Pandya is joined by Mariela Isern, member of the IASB technical staff, and Deanna Louth, PwC partner, to discuss a new IFRS Accounting Standard – IFRS 20 Regulatory Assets and Regulatory Liabilities.Find out more at PwC's IFRS Talks homepage.

當 2026 年歐盟 CBAM 碳關稅正式上路，永續揭露已不再是理想面的「選擇題」，而是攸關資本信任的「必答題」。資誠 (PwC) 永續發展服務會計師 趙永潔 深度解析，永續報導正從過往的「敘事型」轉向「決策可用型」，企業必須將抽象的 ESG 風險具體量化為財務影響。 面對 IFRS S1、S2 國際準則的接軌壓力，台灣企業如何打破「見樹不見林」的僵局？本集將帶您拆解治理、策略、風管與指標四大支柱，看企業如何透過跨部門協作與第三方確信機制，讓永續資訊從附屬報告書轉向與財報同等級的年報揭露，在資本市場中贏得真正的競爭力。 【本集重點亮點】 ● 2026 永續分水嶺： 解析 ISSB 準則如何成為全球法規對齊的錨點，以及台灣分三階段導入的關鍵時程。 ● 從敘事到財務量化： IFRS S1/S2 與 GRI 有何不同？看永續資訊如何轉譯成投資人看得懂的「財務語言」。 ● ESG 轉型元年攻略： 為什麼 2026 年是台灣接軌元年？百億級企業該如何提前佈局以應對 2027 年的正式揭露。 ● 第三方確信的力量： 確信不等於「小確幸」！解析獨立第三方如何驗證資料真偽，防範「漂綠」風險並提升公信力。 ● 跨部門協作 Key Man： 財務長、永續長與董事長如何攜手？避免法遵應付，將準則內化為內部管理流程的契機。 ● 知己知彼百戰百勝： 中小企業如何透過國際同業的揭露資訊進行情蒐，化碳關稅風險為轉型契機。 【本集金句】 趙永潔：「ESG有價化已經在發生，企業應學著用數字去管理，而非用感覺在管理。」 【本集關鍵關鍵字】 #PwC #資誠 #IFRS #永續揭露 #碳關稅 #ESG財務化 #創新突圍 #CBAM 對談來賓： 資誠聯合會計師事務所永續發展服務會計師 趙永潔 主持人： Christina 賢齡 本集節目由 PwC 資誠聯合會計師事務所 合作推薦 -- Hosting provided by SoundOn

Marie-Pierre est directrice de l'Orange Campus Finance et Performance, l'école interne du groupe chargée du développement des compétences de 1 500 finance partners, acheteurs et collaborateurs supply chain. 27 ans chez Orange, passée par le controlling, la comptabilité, les IFRS et la direction de deux départements de contrôle de gestion avant de basculer vers ce rôle à la croisée du métier et des ressources humaines.Ce que Jonathan lui a demandé : ce que ça fait de piloter la transformation d'une fonction finance à cette échelle, avec des équipes qui maîtrisent le budget et le reporting mais qui n'ont jamais vraiment appris à aller challenger un commercial sur ses résultats.La réponse est ancrée dans des décisions concrètes. Orange a créé deux rôles distincts : le Finance Business Partner, ancré dans les BU au contact des opérationnels, et le Finance Analyst Partner, intégré dans le GBS pour traiter les activités mutualisables et standardisables. L'objectif est de libérer les premiers d'une partie de la production de données pour qu'ils se concentrent sur ce qui reste difficile à automatiser : comprendre pourquoi un vendeur n'est pas à son objectif, construire un plan d'action, anticiper les questions du grand chef en séance.Sur l'IA, Marie-Pierre raconte un atelier concret. Un support de business review de 35 slides. En 30 secondes, l'outil repère deux incohérences réelles sur les effectifs, propose des reformulations, aide à préparer les objections. La réaction d'un patron du controlling : "Mon job va disparaître." La réponse : non, il sera différent.Jonathan pousse le sujet plus loin et tire le parallèle avec ce qui s'est passé dans la comptabilité. Pendant des années, on a annoncé la fin du comptable. Résultat aujourd'hui : recruter un comptable de bon calibre est devenu un enfer, parce que le discours a vidé la filière. Le même mécanisme est en train de se mettre en place pour le contrôleur de gestion.L'épisode aborde aussi la question des carrières : une population avec 51 ans de moyenne d'âge, des finance partners sur le même poste depuis 6 à 10 ans, et un plan de transformation qui confronte certains à une réalité qu'ils avaient ignoré malgré les alertes. Orange ouvre désormais des parcours de reconversion vers le Finance Partner pour des personnes venant de la facturation, du commercial ou de la gestion de projets.Je m'appelle Jonathan Plateau. Je suis passé par EY, Valeo et Safran et j'essaye d'engager des échanges et des réflexions sur nos métiers de la finance.Ma mission : vous offrir une expérience éducative, divertissante et parfois surprenante.Ce podcast est fait pour les directeurs financiers (DAF, CFO), les contrôleurs de gestion, qu'ils soient juniors ou confirmés, et qui souhaitent profiter des échanges entre pairs pour enrichir leur pratique de la finance au quotidien et tendre vers le business partner.Joignez-vous à notre communauté passionnée qui explore chaque facette du contrôle de gestion et du business partner.N'oubliez pas que la finance, c'est aussi une question de mindset !N'hésitez pas à partager vos interrogations sur nos discussions ou sur le podcast. Vous pouvez me contacter sur LinkedIn directement.https://www.linkedin.com/in/jonathan-plateau-1980b610/Vous aimerez cette émission si vous aimez aussi :Coonter (Les Geeks des chiffres) • CFO Radio • Une Cession Presque Parfaite • Voie des comptables • Parlons Cash • Le nerf de la guerre • Feedback by la fée • Radio KPMGHébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

SAP's stock climbed 6% in premarket trading in New York after the company reported strong revenue growth in its cloud business. The company's current cloud backlog grew 26% on a constant-currency basis to EUR22.93 billion in the second quarter, above analysts' forecasts of 24%. SAP cut its outlook for the year, citing a EUR100 million impact from the acquisition of data platforms Prior Labs and Dremio, and trimmed its guidance for non-IFRS operating profit. CEO Christian Klein joined The Opening Trade to talk with Bloomberg's Anna Edwards and Guy Johnson.See omnystudio.com/listener for privacy information.

Accounting for tax with investment properties can involve plenty of other standards: IFRS 5, IAS 36, IAS 2… the trick is to know when to use each together with IAS 40.In this episode, I talk through the accounting for Investment Properties under IAS 40. We start with the basic definition: property held to earn rentals, for capital appreciation, or both. And then compare it with PPE under IAS 16. Here's the thing: the same physical building can be accounted for in different ways depending on why the business is holding it. That distinction is vital in SBR.You'll learn how investment property can be measured at cost or fair value, how fair value gains and losses are treated, and why this differs from PPE revaluations. We also look at how IAS 40 links with other standards, including IFRS 18, IAS 36, IAS 2 and IFRS 5. Most importantly, I explain how to think through the different, progressive scenarios so you can write clear answers and earn the marks.Thanks for listening to this episode of Pass Your SBR ACCA Exams with Tom Clendon.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel:⁠⁠ ⁠⁠https://www.youtube.com/@tomclendonSBR⁠⁠⁠⁠.For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering:⁠⁠ ⁠⁠https://tomclendon.co.uk/⁠⁠⁠⁠.Chapters(0:00) Introduction to IAS 40 investment properties(1:57) What is an investment property?(2:25) Investment property compared with PPE(3:37) Recap of IAS 16 accounting for PPE(5:19) Accounting for investment properties under IAS 40(6:35) Why identical properties can have different accounting treatments(8:29) IFRS 18 and where gains and rental income go in profit or loss(9:27) Investment property in the statement of cash flows(10:38) Cost or fair value — which measurement is more useful?(13:04) Why property classification depends on business use(15:08) Mixed-use property and splitting the asset(16:09) Transfers from PPE to investment property

IFRS Interpretations Committee Chair Bruce Mackenzie and member Claire Dusser discuss two IFRS 18 tentative agenda decisions from the June 2026 Committee meeting.

You may think you already know PPE in IAS 16, but this one still causes problems in SBR when it is tested in an applied way.In this episode, I take you through IAS 16 Property, Plant and Equipment. We cover the basics of PPE, including initial recognition, depreciation, revaluation, disposal, and why depreciation is about matching costs with benefits — not saving up cash to replace an asset.You will learn how IAS 16 connects with other important exam areas, including IAS 23 borrowing costs, IAS 37 provisions, IFRS 18 presentation, IAS 7 cash flows, and sustainability reporting. I also work through practical examples on revalued assets, disposal without recycling gains to profit or loss, and decommissioning provisions, so you can see how the numbers work and understand what the examiner is really looking for.Thanks for listening to this episode of Pass Your SBR ACCA Exams with Tom Clendon.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel:⁠ ⁠⁠https://www.youtube.com/@tomclendonSBR⁠⁠⁠.For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering:⁠ ⁠⁠https://tomclendon.co.uk/⁠⁠⁠.Chapters(00:00) Why IAS 16 PPE still matters for SBR(01:54) What PPE means and when it is recognised(03:08) Depreciation explained simply(04:05) The double entry for depreciation(05:43) Changing depreciation method: policy or estimate?(06:56) Depreciation and the cash flow statement(08:30) Why we really charge depreciation(10:46) Revalued PPE and why depreciation still applies(12:24) Disposal and derecognition of PPE(14:43) IAS 23 borrowing costs and PPE(16:48) Decommissioning provisions and sustainability reporting(20:36) Worked examples: revaluations, disposals and provisions

In this month's episode, Anu Pandya is joined by Gary Berchowitz for an overview of the topics discussed at the June 2026 IFRS Interpretations Committee meeting. Several new IFRS 18 issues were on the agenda for discussion.  Find out more at PwC's IFRS Talks homepage

EP 427 — Preparing UK founders for the shock of needing US GAAP fast when American investors arrive.Most founders only discover the real cost of US GAAP when an investor demands it. Katrina Nacci explains why the pain isn't the accounting rules, but the sudden need for better systems, documentation and proper consolidation.This episode breaks down the operational gaps that derail UK and European scale‑ups: revenue treatment, data hygiene, legacy systems, multi-entity chaos and how to avoid a six‑month panic. Practical decisions, not theory.What You'll Learn in This Episode:• Map when US GAAP is actually triggered• Fix weak processes before an investor audit• Build documentation US auditors expect• Handle multi‑entity, multi‑standard consolidation• Decide when IFRS vs US GAAP matters commerciallyFor founders eyeing US money or expansion, this episode helps you avoid an avoidable mess.*For Apple Podcast chapters, access them from the menu in the bottom right corner of your player*Spotify Video Chapters:0:00 The hidden problem behind “we need US GAAP”1:00 When US GAAP is actually triggered4:00 Why statutory audits don't prepare you8:00 Revenue recognition and documentation gaps12:00 What US auditors expect16:00 How conversions really work inside a group20:00 Systems, ERPs and multi‑GAAP reality24:00 Cost, timelines and team size28:00 IFRS vs US GAAP in practice33:00 Cultural realities of US expansion38:00 Preparing early and avoiding traps45:00 War stories and common pitfallsWatch and subscribe to us on YouTubeFollow us:InstagramTikTokLinkedInTwitterFacebookIf you'd like to be on the show, get in contact - contact@withoutbs.com

Today we're going to talk about lease accounting, a crucial topic that many may find daunting. It's essential to understand that it's perfectly okay not to know everything about this complex area. Our guest, Christo Kritzinger from Rubli, sheds light on the recent changes in lease accounting standards, particularly IFRS 16, which has significant implications for businesses. Remember, you're not alone in this journey, and there are resources available to support you. Learn more about Rubli - https://www.rubli.co/ ----------------------------------------------- About us We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective ----------------------------------------------- About our Sponsor This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper ----------------------------------------------- Promotion This video contains paid promotion. ----------------------------------------------- Disclaimer: The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast. Chapters: 00:00:00 - Introduction 00:00:22 - Guest Introduction: Christo Kritzinger 00:00:40 - Christo's Role at Rubli 00:00:57 - Christo's Career Journey 00:02:11 - Explanation of Lease Accounting 00:06:29 - Impact of Lease Accounting on Small Businesses 00:08:49 - Understanding Lease Accounting Challenges 00:09:11 - Understanding Lease Accounting Changes 00:09:57 - Lease Accounting in Different Industries 00:12:36 - Conclusion: Importance of Staying Updated 00:15:41 - Implications of Lease Accounting Changes 00:17:00 - Advisory Services and Lease Accounting 00:18:43 - Managing Leases: Traditional Methods vs Software 00:20:04 - Role of AI in Lease Accounting 00:20:53 - The Future of AI in Accounting 00:22:01 - The Benefits of Using Specific Software Tools 00:24:22 - The Role of AI in Improving Efficiency 00:26:35 - Final Thoughts and Contact Information #bookkeeper

We're going to continue our look at IAS 37 in this episode - fantastic!We recap the three key conditions for recognising a provision, then move on to contingent assets, why prudence matters, and why you cannot simply net off a possible asset against a possible liability. I also bring in the important link with IFRS 3 and fair value, showing how a contingent liability can affect group accounts and goodwill even when it is not recognised in the subsidiary's own books.By listening to this episode, you will learn how to apply IAS 37 in exam-style situations, not just repeat the rules. I explain the difference between probability as a recognition issue under IAS 37 and as a measurement issue in group accounts. You will also learn how decommissioning provisions interact with PPE, why the provision must be discounted, and how both depreciation and the unwinding of the discount affect profit or loss. This is exactly the kind of application that helps you pick up marks in SBR.Thanks for listening to this episode of Pass Your SBR ACCA Exams with Tom Clendon.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel: ⁠⁠https://www.youtube.com/@tomclendonSBR⁠⁠.For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering: ⁠⁠https://tomclendon.co.uk/⁠⁠.Chapters(00:00) Introduction to IAS 37 part two(01:25) Quick recap of the three provision criteria(02:11) What is a contingent asset?(03:11) Recognition rules and prudence(04:06) Why provisions and contingent assets are not netted off(04:53) Linking IAS 37 with IFRS 3 and fair value(06:45) Example: unfair dismissal claim(08:44) Group accounts: contingent liabilities and goodwill(12:01) Decommissioning provisions and PPE(14:48) The key issue: discounting the provision(16:21) Depreciation and unwinding the discount(17:03) Final exam-focused recap

A conversation with Josh Gilbert, head of geospatial strategy, ISS STOXX Sustainability, on how geospatial intelligence is reshaping climate and nature risk analysis for investors.Data overload or data goldmine? Investors race to decode nature's signalsQuestion:How can geospatial tools help investors move from climate risk mapping to nature risk management, and what does this mean for investment decisions?Answer:Geospatial data, like satellite imagery and sensor data, has moved from being a reporting tool to a strategic asset for investors. According to Josh Gilbert, head of geospatial strategy, ISS STOXX Sustainability, the challenge is no longer data starvation but “data digestion”: translating abundant, complex environmental data into clear, actionable financial insights. Sectors with tangible assets (like mining, real estate, and infrastructure) are most directly impacted, but as supply chains and nature risks become more visible, all asset classes are affected. The investors who learn to integrate geospatial and nature data into their decision-making will gain a competitive edge.Why it matters:For investors, this shift means that understanding climate and nature risks is no longer optional or just a compliance exercise. The ability to interpret and act on geospatial data will increasingly drive portfolio resilience, risk management, and even alpha generation. Those who treat nature and climate data as core investment signals, not just pretty dashboards, will be better positioned in a volatile, changing world.Sources:• Josh Gilbert, head of geospatial strategy, ISS Stoxx Sustainability• Michelle Baltazar, executive director of media, FS Sustainability• European Space Agency, SustGlobal, Responsible Investing Association Australia• Industry frameworks: TCFD, IFRS, SASBTimestamps:00:00 Data digestion vs data starvation01:15 Guest background: from economics to geospatial strategy03:22 Why investors struggle with climate and nature risk04:59 How geospatial data moves from reporting to real investment insight06:22 Sectors most impacted by climate and nature risk08:44 Misconceptions: dashboards vs actionable metrics10:53 Nature risk management: real-world examples12:32 The next decade: AI, numeric models, and financial integration15:32 Competitive edge for early adopters16:56 Final thoughts and wrap-upWe record on Gadigal land and we pay our respects to the traditional custodians of country and elders past and present.https://www.fssustainability.com.au/*Both FS Sustainability and ISS STOXX Sustainability are owned by ISS STOXX.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy

EP - William Humphreys, partner at Oury Clark Chartered Accountants, explores and explains financial reporting, giving a clear picture of what company accounts are, and why understanding them is a foundational skill for entrepreneurs.Andy and William run through the various components of statutory accounts, including the balance sheet, profit and loss statement, and cash flow statement. Using a cinematic metaphor, they underscore the necessity of not merely viewing accounts as compliance documents but as vital tools for strategic decision-making.Throughout the conversation, the importance of engaging with these financial documents regularly is underlined, to help cultivate a clearer understanding of a business's financial health and undertake proactive rather than reactive management. Being conversant in company financials is not just a matter of accounting but a fundamental aspect of effective business leadership.What you'll learn in this episode:Understanding how accounts inform business decisionsSeeing the balance sheet as a snapshot of a company's assets and liabilitiesHow continuous insight into a business's financial position beats waiting for year-endThe importance and considerations of cash flow managementHow revenue recognition can impact perceived profitabilityWhat the notes to the accounts really provideThis episode is for UK entrepreneurs and business leaders who want a comprehensive overview of financial reports and reporting standards.*For Apple Podcast chapters, access them from the menu in the bottom right corner of your player*Spotify Video Chapters:00:04 - The Director's Report: A Glimpse Behind the Scenes04:46 - Understanding the Balance Sheet13:14 - Financial Statements, the Balance Sheet and Profit & Loss18:47 - Revenue Recognition23:34 - Cash Flow and Financial Management32:44 - Financial Statements: Key Insights and Analysis37:45 - The Key Questions for Founders41:03 - Bank Covenants and Charges49:41 - Reporting Standards53:34 - Understanding UK GAAP and IFRS59:44 - IFRS 16 and its Implications01:09:30 - Transitioning to US GAAP: Challenges and Insights01:14:31 - Key Insights for Business OwnersWatch and subscribe to us on YouTubeFollow us:InstagramTikTokLinkedInTwitterFacebookIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.me

In Episode 3 of our ‘Decoding IFRS 18' series, Anu Pandya is joined by Tanguy Rannou and Gerda Burger to discuss the latest insights about management-defined performance measures (MPMs).  Find out more at PwC's IFRS Talks homepage

In this episode, Mary Bahna-Nolan, Erika Dochney, Martin Laframboise and Jane Seward share practical strategies for optimizing operations, improving disclosures and unlocking greater value, as well as exploring how AI and automation are reshaping the future of insurance reporting.

Less than 2% of Americans can put plastic film in their curbside recycling bin, according to The Recycling Partnership. Meanwhile, the country generates millions of pounds of bags, pallet wrap, bubble mailers, and dry cleaner sleeves every year that machinery at materials recovery facilities is designed to reject. The plastic film problem has been the recycling industry's white whale for three decades — too contaminated for most processors, too light for most economics. But more than 30 years ago, Trex Company, then a small operation in the Shenandoah Valley of Virginia, decided to build its supply chain around exactly this material. By the end of 2024, Trex had upcycled more than 5.5 billion pounds of waste plastic film into composite decking and had become one of the largest plastic film recyclers in North America. On this episode of Sustainability In Your Ear, Amy Fernandez, Chief Legal and Sustainability Officer, and Zachary Lauer, Chief Operations Officer at Trex, discuss how the company designs an entire manufacturing process around feedstock variability, why Trex indexed its 2024 sustainability report to IFRS standards before any US regulator required it, and what has to happen for old Trex decks to become new Trex decks. Most manufacturers spend their engineering effort narrowing input tolerances. Trex went the other direction. Zach described thousands of recipes the production lines can run through, swapping between cleaner stretch film one day and heavily contaminated industrial trimmings the next. Artificial intelligence reads each feedstock stream in real time and adjusts extrusion temperatures and line speeds to keep the finished board within specification. In 2024, the company sourced over 1 billion pounds of reclaimed PE film and wood scrap, including 377 million pounds of waste plastic, through a national collection network of more than 10,000 retail drop-off locations and hundreds of school and community partners enrolled in its NexTrex program. The company is also preparing for the first generation of Trex decks, which are reaching replacement age, and its manufacturing lines can reabsorb the company's own boards. The recycling bottleneck is contractors pulling up old decks who don't want to sort screws from boards. Underneath all of it is a point worth lingering on: Trex's poly feedstock isn't priced off a barrel of crude, which means in a period of reshoring, tariff volatility, and oil-market disruption, recycled supply chains are structurally more stable than virgin ones, not less.To find out more about Trex and its sustainability work, visit trex.com. The 2024 Sustainability Report is available on the company's investor relations site.

If you've ever stared down a massive prepaid spreadsheet, chased a missing accrual on the last day of close, or found out about a new contract when the invoice showed up months later, this episode is for you. Adam Larson sits down with David Buchanan, product leader at FinQuery and former auditor, for a candid conversation about why the traditional month-end close is still a chaotic scramble for so many teams and what it actually looks like to fix it. David breaks down why accruals and prepaids are such persistent pain points, what's really at stake when things fall through the cracks (one team nearly broke a debt covenant), and why cloud-storing your spreadsheets is just a sturdier shelf for a broken process.But this episode isn't just about commiserating. David shares how AI and automation are shifting accounting teams from reactive to proactive, with tools that loop you in the moment a contract is signed, automatically match expected payments to actuals, and give auditors a clean trail without the last-minute scramble. If you're ready to retire "we've always done it this way," tune in. _____________________________________________________________________________________________About FinQuery FinQuery, formerly LeaseQuery, is an intelligent subledger that simplifies lease accounting compliance (ASC 842, IFRS 16, GASB 87 & 96, SFFAS 54, and FRS 102) and automates accrual and prepaid accounting. Built by accountants for accountants, our AI-enabled, CPA-approved SaaS platform empowers 40,000+ professionals by abstracting source documents like leases, contracts, and invoices into a complete system of record. FinQuery integrates with and complements your ERP, simplifying complex accounting, accelerating month-end close, streamlining the audit, and enhancing internal controls.  Learn more at FinQuery.com.

In this episode, I explain the basics of IAS 36 impairment. We start with the key idea: an asset is impaired when its carrying value is more than its recoverable amount. I'll talk you through the terminology, the logic, and the numbers, so it starts to feel manageable rather than messy.You'll learn how to calculate an impairment loss, how to account for it, and what happens when the asset has previously been revalued. We also look at reversals of impairment losses and one phrase I never want to see in an exam answer: “impairment gain”. Let's face it, impairment gets examined, so let's make sure you can pick up the marks.Thanks for listening to this episode of ACCA Tom Clendon's SBR Podcast.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel: https://www.youtube.com/@tomclendonSBR.For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering: https://tomclendon.co.uk/.Chapters:(00:00) IAS 36 impairment basics(01:21) When an asset is impaired(01:36) Recoverable amount: fair value vs value in use(03:32) Judgement and estimates in value in use(05:20) Calculating and recording an impairment loss(06:30) When to perform an impairment review(08:03) Links to IFRS 18, IAS 7 and IAS 12(12:03) Why IFRS 9 financial assets are different(12:33) No such thing as an impairment gain(13:44) Impairment of revalued assets(16:01) Reversal of impairment losses(17:01) Worked examples and exam technique

International Financial Reporting Standards (IFRS) are being shaped by a rapidly evolving global environment, including geopolitical conflicts, changing tariff policies, and increasingly complex private capital and artificial intelligence transactions. In this episode, we discuss the key accounting implications of these developments, including impacts on financial instruments and impairment assessments. We also cover new and amended IFRS Accounting Standards effective in 2026 and 2027—such as updates to IFRS 9 and the introduction of IFRS 18—and highlight ongoing standard setting projects that may affect future reporting. Also check out our In depth, Accounting implications of geopolitical conflicts. About our guests  Martin Boucher is the corporate accounting topic team leader in PwC's Global Assurance Quality - Corporate Reporting Services group. Martin has over 25 years of financial accounting experience, and as the corporate accounting topic team leader, he leads the development of PwC's global view on a variety of financial reporting matters, drives quality and connectivity throughout the PwC network, and helps local teams solve complex accounting issues in a practical way.  Gerda Burger is a director in PwC's Global Assurance Quality - Corporate Reporting Services group. She has over 20 years of experience in accounting technical and auditing in the UK, US, and South Africa. Over the last 7 years she has worked in PwC's Global Assurance Quality team responsible for corporate reporting and assurance methodology.  About our host  Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.  Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

Twelve official definitions for R&D. Zero agreement. The US government publishes at least a dozen distinct official definitions across agencies, accounting standards, tax authorities, and international bodies. Not one agrees with the others on where research ends and development begins. Trillions of dollars flow through R&D budgets every year. Boards approve them. Investors evaluate them. Governments subsidize them. Analysts benchmark them. And the term at the center of all of it has no settled definition. A company can gut its research investment without triggering a single alarm on its income statement. Researchers who gained rare access to confidential federal R&D data found exactly this: when companies face financial pressure, they cut research while leaving development essentially untouched, and the combined number barely moves. Every benchmark, every board conversation, every investment thesis built around the R&D line may be built on sand. Innovation, ideas made real, requires both. Research is how you find the idea. Development is how you make it real. Strip out the research and you're not innovating, you're iterating on what already exists. Strip out the development and you're just experimenting. The problem is that nobody in the room knows which one they're actually funding, because the definition that would tell them doesn't exist. Someone needs to draw the line. This episode is about why nobody has, and the definition I think should replace the chaos. By the end, I'm going to put that definition in front of you and ask you to push back on it. Not to agree. To tell me where it breaks. How We Got Here Four institutions took a run at defining R&D. Each one got it right for their own purposes. None of them got it right for yours. Frascati: Built for Governments In June 1963, OECD economists met at a villa in Frascati, Italy, south of Rome, and produced what became the international standard for measuring R&D across nations. Now in its seventh edition. The Frascati Manual divides R&D into three tiers: basic research (theoretical work with no application in view), applied research (original investigation toward a specific practical objective), and experimental development (using existing knowledge to produce new products or processes). To qualify, an activity must be novel, creative, uncertain in outcome, systematic, and transferable. Used by governments across roughly 75 countries. Solid for what it was designed to do: let nations compare R&D investment on consistent terms. What Frascati cannot tell you: whether a specific company's spending is creating competitive advantage. It counts the type of activity. It doesn't assess what the activity produces for the organization doing the spending. A company can satisfy every Frascati criterion investigating something every competitor already knows. The knowledge is new to them. That is enough. The accountants drew a different line, for a different reason, with a different consequence. FASB: Built for Accountants In October 1974, the Financial Accounting Standards Board issued Statement No. 2, Accounting for Research and Development Costs, now codified as Topic 730. Every public company filing under US GAAP operates under it. The rule: all R&D costs expensed as incurred. Research, development, basic, applied: one line on the income statement. Their definition: research is a planned search aimed at discovery of new knowledge. Development is the translation of research findings into a plan or design for a new product. The rationale is explicit in the original standard. Future benefits from R&D are, in FASB's language, "at best uncertain." Expense everything immediately. The standard solved the problem it was asked to solve, which was accounting treatment: when to recognize the cost, not whether the cost was strategically sound. The consequence: sustaining engineering, feature maintenance, and incremental product updates all land on the same line as genuine exploratory research. Nobody looking at the income statement from outside can see the difference. The number is technically accurate and analytically opaque. Abraham Briloff, the late accounting professor at Baruch College, put it plainly: "Accounting statements are like bikinis. What they show is interesting, but what they conceal is significant." He was talking about financial reporting broadly. He could have been writing specifically about the R&D line. Researchers at Duke and London Business School spent years tracking corporate scientific output and found that it declined steadily across industries even as headline R&D spending kept rising. The combined number was hiding a substitution. Nobody on the outside could see it. Outside the United States, a different standard governs, and it creates a comparison problem most analysts never account for. IFRS: Built for International Investors IAS 38 governs R&D under IFRS, and its treatment differs from FASB in one significant way. Research costs are always expensed, same as FASB. But development costs can be capitalized as an asset on the balance sheet once a company can demonstrate technical feasibility, intent to complete, ability to use or sell the result, likely future economic benefit, adequate resources, and reliable cost measurement. A European company that capitalizes its development phase carries those costs as an asset: lower expenses in the period, higher total assets. An identical US company expensing everything under FASB takes the full hit immediately: higher expenses, lower assets. Same underlying investment. Incomparable financial pictures. Run the standard industry benchmark, R&D as a percentage of revenue, and you may conclude the US company is investing more aggressively. You may be comparing the same dollar invested under two different accounting regimes. Roughly 169 jurisdictions use IFRS. The United States does not. India uses an adapted version. Japan maintains its own standards board. The benchmark the industry trusts most is meaningless for cross-border comparison, and almost nobody says so. Section 174: Built for Tax Authorities The Internal Revenue Code adds another layer. Section 174 governs the deductibility of what the US tax authority calls "research or experimental expenditures," and the definition is not the same as FASB Topic 730. A company's R&D for tax purposes and its R&D for financial reporting can cover different activities and produce different numbers. The Tax Cuts and Jobs Act of 2017 tightened this further: domestic R&D expenses that were previously deductible immediately now must be amortized over five years, international over fifteen. The definition of what qualifies shifted when the timing rules changed. Within one country, one company, three definitional regimes apply simultaneously: Frascati for any government reporting, FASB for the income statement, and Section 174 for taxes. A single dollar of R&D spending can be classified three different ways depending on who's asking. The Gap None of Them Fill Four frameworks, built by four institutions, for four different purposes. Not one was built for the question that actually matters. Is this investment creating new knowledge that gives us a capability nobody else can easily replicate? The gap between them is where innovation decisions actually live. The National Science Foundation recognized the problem clearly enough that it publishes a separate annotated document just to catalog the competing definitions, because they're too inconsistent to assume any two readers are using the same one. That gap isn't an oversight. It's a structural consequence of four institutions doing their own jobs well. The question practitioners need answered was nobody's institutional job. You've been in the room. The R&D number is on the slide. Nobody asks what's inside it, because the accounting standard doesn't require an answer, and the room has learned not to expect one. So it went unanswered. Until now. A Better Definition for R&D Research is work directed at creating new knowledge where the outcome is genuinely uncertain and the knowledge cannot be readily obtained from existing sources. Development is the translation of that knowledge into products, services, or processes that meaningfully advance an organization's capability in ways competitors cannot easily replicate. Four elements define it: Genuinely uncertain outcome. If you know what you're going to get before the work starts, it's engineering execution, not research. The uncertainty doesn't have to be total. Most applied research has a likely direction. But there has to be real doubt about whether the approach works, whether the knowledge emerges. Cannot be obtained from existing sources. This is the one nobody puts in writing. If the knowledge is already in the literature, available from a consulting engagement, or present in a competitor's published work, finding it again isn't research. Generating new knowledge and capturing existing knowledge are different activities. Only one belongs here. This criterion alone would reclassify a significant portion of what companies currently call R&D. Advances capability competitors cannot easily replicate. Development only qualifies when it translates research into something that genuinely moves the organization forward competitively. Sustaining engineering doesn't pass it. Feature parity doesn't. Competitive catch-up doesn't. All real work, none of it development under this definition. Agnostic to accounting jurisdiction. This definition doesn't tell you how to expense or capitalize anything. That's already governed by whichever standard applies. What it does is establish what genuinely belongs in each category, regardless of where the company files. That makes it usable across FASB and IFRS companies without translation. There is a simpler way to put it. For any project in your R&D budget, ask two questions. First: are we creating new knowledge, or executing against something we already know? If you're executing, it's not research. Second: does this translate into a capability competitors cannot easily replicate? If not, it's not development either. It's product engineering, valuable and necessary, but a different budget category entirely. Three buckets: Research, Development, and Product Engineering. That taxonomy, applied honestly across a typical portfolio, would reclassify a significant share of what most companies are currently reporting as R&D. The Call I'm not asking FASB to rewrite Topic 730. What I am asking: that the people who actually make innovation decisions start applying a definition built for the question they're trying to answer. If you run an R&D function: apply this definition to your current portfolio. Not to change the accounting. To see what's actually in the category and what isn't. The gap between what your budget calls R&D and what this definition calls R&D will tell you something worth knowing. If you sit on a board: ask what portion of the R&D line is directed at new knowledge creation versus sustaining existing products. If no one in the room can answer, you're governing a number you don't understand. And if you think the definition is wrong, tell me. Where should the line be drawn differently? What element doesn't hold? What did I miss? That's not a polite invitation. That's the actual point of this episode. Definitions become standards when enough serious people apply them consistently and make the case until the institutions catch up. The four frameworks we inherited were each built by an institution serving its own purpose. This one is built for the people making the decisions. The most consequential line in any company's budget is the one separating what builds the future from what protects the present. Nobody drew it clearly. It's past time someone did. The idea was never the hard part. It never is. The call is. If this episode shifted something for you, subscribe wherever you listen to podcasts. On YouTube, hit subscribe and the bell so you don't miss the next one. And if you want to go deeper every Monday, Studio Notes is free at philmckinney.com. Until next time. See the pattern. Make the call. The Innovators Studio | philmckinney.com

In Episode 2 of the Decoding IFRS 18 series, Anu Pandya is joined by Pankaj Gaikwad and Olaf Pusch, who were part of the core team behind PwC's fully reinvented illustrative financial statements. Discover practical insights and key learnings from early adopting IFRS 18 for a fictional listed group — Reinvented Plc. Find out more at PwC's IFRS Talks homepage

In this episode, I take you back into IFRS 15 Revenue from Contracts with Customers, but this time we zoom in on one of the trickiest areas: determining the transaction price.I walk you through the key complications: deferred consideration (time value of money), advance payments, and variable consideration. We start with the core principles, then build it up step by step using clear, practical examples — exactly the way you'll see it in the exam.More importantly, you'll learn how to turn this knowledge into marks. I show you how to deal with discounting, how to account for financing elements, and how to handle bonuses and penalties using expected value and most likely outcomes.Here's the thing: this is where students often drop marks. If you're struggling with how much revenue to recognise and when, this episode gives you a clear method to follow, so you can structure your answer, apply the rules properly, and pick up those easy, valuable marks.Thanks for listening to this episode of ACCA Tom Clendon's SBR Podcast.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel: https://www.youtube.com/@tomclendonSBR.For access to on-demand support and guidance for your ACCA SBR Journey, visit my website to see my current course offering: https://tomclendon.co.uk/.Chapters(00:00) Introduction – Why transaction price matters for SBR(01:11) Recap of the 5-step revenue model(01:49) Determining the transaction price – key challenges(02:41) Deferred consideration – buy now, pay later(04:32) Time value of money and discounting(05:45) Unwinding the discount (finance income)(06:35) Advance payments – deferred income explained(08:17) Financing element in contract liabilities(09:20) Variable consideration – bonuses and penalties(10:46) Expected value vs most likely method(11:14) Worked example 1 – construction contract (expected value)(16:31) Year 2 adjustment and revenue true-up(17:53) Worked example 2 – service contract (most likely outcome)(21:50) Exam technique and key reminders

In this episode, I walk you through one of the most examinable areas in the exam: revenue under IFRS 15 Revenue from Contracts with Customers. We start right from the basics, so you're not left guessing, and build up to the core principles that underpin the standard.I talk through the five-step model, explain why revenue is such a high-risk area (especially from an audit perspective), and why simply memorising the steps won't earn you marks in the exam.More importantly, I show you how to apply that knowledge to a real exam-style question. You'll see exactly how to identify performance obligations, allocate the transaction price, and deal with timing issues (whether revenue is recognised at a point in time or over time).Thanks for listening to this episode of ACCA Tom Clendon's SBR Podcast.If you'd like to view the exam question on screen and see my working, subscribe to the YouTube Channel: https://www.youtube.com/@tomclendonSBR.For access to on-demand support and guidance for your ACCA Journey, visit my website to see my current course offering: https://tomclendon.co.uk/.Chapters:(00:00) Why revenue matters for exam success(00:18) Episode overview and learning approach(00:51) Introduction to Zaakirah(01:12) What is revenue and why it's high risk(01:47) Timing issues and manipulation risks(02:01) Introduction to IFRS 15 Revenue from Contracts with Customers(02:33) The five-step model explained(03:01) Step 1: Identifying the contract(03:18) Step 2: Identifying performance obligations(04:02) Step 3: Determining the transaction price(04:29) Step 4: Allocating the transaction price(05:06) Step 5: Recognising revenue (point in time vs over time)(05:53) Why memorising won't earn marks(06:26) Moving to exam application(06:40) Understanding the exam requirement (5-mark question)(08:08) Identifying performance obligations in the scenario(10:12) Allocating revenue using stand-alone selling prices(11:20) Timing of revenue recognition(12:19) Calculating correct revenue figure(12:47) Correcting overstated revenue (exam technique)(13:27) Current vs non-current liability (deferred revenue)(13:39) Final exam tips and wrap-up

Government grant accounting under US GAAP is evolving with ASU 2025-10. This episode explores the updated model, including scoping, recognition and measurement, and the distinction between asset and income grants. We also cover presentation and disclosure requirements, along with practical considerations for adoption of this new FASB guidance.For more information, read our In depth, FASB issues guidance on accounting for government grants. Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestAngela Fergason is a partner and standard setting leader in PwC's National Office who specializes in accounting for revenue and employee compensation arrangements, among other related topics.About our guest hostPat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

The OECD's January 2026 Administrative Guidance on Pillar Two introduces new safe harbor provisions that could significantly affect how US multinationals are taxed globally. This episode breaks down the key provisions and their accounting and financial reporting implications.In this episode, we discuss:1:13 – Background on Pillar Two and core concepts 6:57 – Overview of the OECD Administrative Guidance 17:10 – Criteria for the Side-by-Side Safe Harbor 21:46 – Ultimate Parent Entity Safe Harbor overview 25:25 – Key accounting and financial reporting considerations33:21 – Extension of the Country-by-Country Safe Harbor35:15 – Final reminders and key takeaways For more information on accounting for Pillar Two, read our In depths, OECD Pillar Two: Time to act on the global minimum tax and Accounting for Pillar Two: Frequently asked questions. Also, check out our Income taxes guide for additional background on existing guidance.Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestsPat Brown is PwC's National Tax Office Co-Leader. Prior to joining PwC, he spent 16 years in the private sector, including as the director of tax policy for a Fortune 50 company. Pat has also served in the US Treasury's Office of Tax Policy as an attorney-advisor and as Associate International Tax Counsel.Jennifer Spang is PwC's National Office income tax accounting leader, specializing in tax accounting under US GAAP and IFRS. She has over 30 years of experience helping companies in a variety of industries navigate complex tax accounting matters.About our guest hostKyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

The US public policy landscape continues to evolve and impact US and global businesses. We cover key developments in Washington, D.C., including tariffs, AI, and other areas as well as at the SEC and PCAOB, along with what it all means for financial reporting and strategic decision-making.In this episode, we discuss:1:04 – Overview of the 2026 public policy environment and business implications 4:17 – Affordability challenges and limits of policy solutions9:35 – Tariff strategy shifts and ongoing uncertainty for businesses13:43 – SEC and PCAOB priorities and leadership changes 27:51 – INVEST Act and the outlook for capital formation 31:06 – AI governance and the fragmented state and federal approach 36:48 – Key takeaways and what businesses should monitor in 2026For more on tariffs, listen to our recent episode, Tariff uncertainty: Business and financial reporting impacts. Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop. About our guestsRoz Brooks is PwC's US Public Policy Leader. Roz is responsible for ensuring PwC has a voice in important debates at the nexus of business and government and helping the firm successfully execute its business strategy. Roz leads PwC's engagement with Congress, the White House, regulatory agencies, state and local governments, and organizations including trade associations, think tanks, and NGOs.Michael O'Brien is a PwC Director in the Office of Government, Regulatory Affairs & Public Policy. Michael represents the firm and its interests before Congress, the Executive Branch and federal regulatory agencies. He has advocated on the firm's behalf on matters including the implementation of Sarbanes-Oxley and Dodd-Frank, state and federal taxation matters, IFRS, litigation reform, and the competitiveness of the U.S. capital markets. Besides assisting in general lobbying activities, Michael has researched and developed periodic political analyses and strategies for firm distribution.About our guest hostKyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

IFRS Interpretations Committee Chair Bruce Mackenzie and member Renata Bandeira discuss two IFRS 18 agenda decisions from the IFRS Interpretations Committee meeting on 17–18 March 2026.

In this month's episode, Anu Pandya is joined by Gary Berchowitz for an overview of the topics discussed at the March 2026 IFRS Interpretations Committee meeting. Find out more at PwC's IFRS Talks homepage

The US tariff landscape shifted again following the Supreme Court's decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA). In this episode, we discuss what the ruling means for importers, including potential refunds, accounting and financial reporting considerations, compliance challenges, and the continued use of other tariff authorities. In this episode, we discuss:1:29 The current tariff landscape and the Supreme Court's IEEPA ruling6:57 Practical steps companies can take now8:56 Accounting for potential tariff refunds13:11 Operational, administrative, and compliance challenges17:42 Downstream accounting impacts for customers and suppliers20:50 New Section 122 tariffs and other tariff authorities still in effect25:27 Tariff mitigation strategies, including drawback and supply chain planningFor more, read our In depth, Accounting implications of tariffs. Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop. About our guestSharon Martin is a principal with PwC's Customs and International Trade practice with extensive experience advising clients on both trade compliance and strategic planning related projects. Sharon has worked with clients in a variety of industries providing strategic advice on customs advisory, risk mitigation, and duty planning.About our guest hostPat Durbin is a Deputy Chief Accountant in PwC's National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

On this episode of The OneStream Podcast, Peter Fugere is joined by Aymar Doat to discuss CPMx IFRS. The pair talk about the differences from US GAAP and how OneStream has tailored it's already successful CPM Express offering to accelerate implementations for EMEA customers.

Early in Lucanet's expansion, two Chinese employees working in Germany noticed something unusual. The consolidation software they worked with functioned so well that they believed it could succeed in their home market. Acting on that conviction, they traveled from Berlin back to China and built what would become Lucanet's Chinese business. The story illustrates how a tool designed for global complexity could travel easily across borders, Gurney tells us.Lucanet's origins are firmly rooted in Germany, where the company first built its reputation with a consolidation platform designed for companies operating across multiple jurisdictions. That design decision proved foundational. Because customers often consolidate entities across countries, the platform had to integrate financial data from different jurisdictions and support multiple accounting frameworks, Gurney tells us. The system can report under German GAAP, IFRS, or different management accounting rules and allows users to toggle between those views efficiently, he tells us.Today, the company's geographic reach reflects that original cross-border orientation. While Germany remains Lucanet's strongest market, the company now operates across Europe and Asia, including the Netherlands, Switzerland, France, Italy, Spain, the United Kingdom, China, and Singapore, Gurney tells us. Increasingly, a majority of new customer bookings come from outside Lucanet's historical DACH and Netherlands markets, he tells us.Growth has also been shaped by capital structure changes. After roughly eighteen years as a founder-run business, HG Capital made a majority investment in 2022, accelerating both product development and geographic expansion, Gurney tells us.For Gurney, who joined Lucanet at the start of May last year, the company's focus remains clear: build tools that make the Office of the CFO more effective across borders and systems, he tells us.

In this episode, technical staff member Tinyiko Denhere and SME Implementation Group member Edson Teixer discuss how the third edition of the IFRS for SMEs Accounting Standard is being applied in Brazil. They also explore how the IFRS Foundation's educational materials support the implementation of the Standard.

Luca Pedretti, Co-Founder, Pexapark, returns to discuss how volatility, market design, and new contract structures are transforming power markets and renewable economics. What begins with PPA pricing quickly evolves into a broader conversation about where value is now created in the clean energy system.We start with the growing importance of IFRS 13 fair value accounting. In increasingly volatile markets, long-term forecasts are no longer sufficient. Market-implied PPA prices are moving faster than fundamentals and are becoming a key signal for future capture rates and risk, forcing investors to reassess how renewable assets are valued.The discussion then turns to Flexibility Purchase Agreements (FPAs), including tolls and floors for batteries. FPAs reflect a fundamental shift from generation toward flexibility and optimisation, as renewable-heavy systems face cannibalisation, negative prices, and widening price spreads.With clean sources now accounting for nearly half of EU power generation, these side effects are becoming structural. Solar capture rates have dropped sharply in markets such as Germany, negative prices now occur in thousands of hours across Europe, and curtailment and balancing costs are rising. Batteries have become the system's primary response.We also explore how the buyer landscape is shifting. Hyperscalers and data centres are increasingly driving private PPAs, utilities are regaining relevance through trading and optimisation, and stand-alone renewable PPAs are showing signs of saturation. Despite this, capital deployment across clean energy continues to grow, signalling a reallocation of value rather than a slowdown.The conversation concludes with a look ahead. Many renewable assets financed under merchant assumptions are now misaligned with today's pricing reality. Battery tolls and floors are scaling quickly, consolidation among IPPs is accelerating, and capture rates remain unstable. The open question remains whether any buyers are willing to pay a green premium for co-located and hybrid projects in a market where flexibility has become central to value creation.Link to Pexapark reportsIPPs:https://go.pexapark.com/next-gen-ipp-playbookRenewables Market Outlook 2026 - The Big Repricing: How volatility and BESS reshape clean energy markets (PPAs and FPAs): https://go.pexapark.com/market-outlook-2026  

It's that time of year, with many focused on year-end reporting. After wrapping up our Year-end toolkit series last week, we revisit another set of conversations that are especially relevant right now. We're re-releasing the kickoff episode from last year's Reporting reset series.This first episode sets the stage for the series by covering foundational reporting principles, key disclosure considerations, notable differences between public and private company financial statements, and accounting changes and error corrections. Links are provided to other episodes in this presentation and disclosure series.In this episode, we discuss:1:25 – Foundational GAAP and SEC requirements for financial statement presentation3:09 – Determining appropriate reporting periods5:25 – Balance sheet presentation: classification, required disclosures, and best practices11:44 – Income statement presentation: structure and key considerations21:31 – Accounting changes, estimates, and error corrections29:53 – Subsequent events: recognition and disclosureFor more on this topic read the following chapters in our Financial statement presentation guide:Chapter 1: General presentation and disclosure requirementsChapter 2: Balance sheetChapter 3: Income statementChapter 28: Subsequent eventsChapter 30: Accounting changesBe sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestPat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.About our guest hostDiana Stoltzfus is a partner in PwC's National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the OCA's Professional Practices Group.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.comDid you enjoy this episode? Text us your thoughts and be sure to include the episode name.

Is your team ready for foreign private issuer (FPI) Section 16 reporting? Congress recently passed the Holding Foreign Insiders Accountable Act, which fundamentally changes how international insiders must disclose their trades. Alan Wilson and Chelsea Hall join the conversation to break down these new FPI director and officer reporting obligations and why the SEC has a tight deadline of March 18 to implement the rules. We discuss the sudden loss of exemptions, the need for individual EDGAR® codes, and the risks of missing the two-day filing window.   Chapters: 00:00–Introduction: A Regulatory Ground Shift The hosts introduce the end of long-standing exemptions for FPIs and the era of regulatory accommodation. 05:15–Breaking Down FPI Section 16 Reporting Alan Wilson explains the nuances of Form 3, 4, and 5 requirements, noting that while reporting is mandatory, short-swing liability (Section 16b) currently does not apply. 06:45–The Surprise of Congressional Speed Analysis of why Congress moved faster than the SEC and what this bipartisan unity signals for future securities rulemaking. 09:30–Future Outlook: Beyond Section 16 Insights into potential further changes, including updates to the FPI definition and the convergence of IFRS and US GAAP. 13:15–Infrastructure for Resilience Why investing in stability and agility is the only way to meet rapidly approaching deadlines like the March 18 cutoff. 17:30–Closing Thoughts: The Complexity of Compliance Final debate on whether this is a "big lift" for FPIs and how the market might react to potential moves toward quarterly reporting. Enjoy this episode? Find past conversations at workiva.com/podcast/the-pre-read Subscribe to catch all our upcoming episodes.

面對全球永續與淨零的浪潮，台灣企業真正的緊迫倒數計時已經開始。 IFRS S1 和 S2 的核心精神是要揭露「永續相關的財務影響」，這要求企業必須把碳數據視為核心資產，並建立可被檢驗的數據治理與內部控制機制。「合規藍圖」畫好了嗎？ 本集節目將為您拆解：在 IFRS 框架下，企業如何做好碳排數據治理，並善用數位工具，建立永續韌性？ 精彩故事，請收聽本集節目。 本集收聽重點  動盪時代與 IFRS 元年！為什麼「碳排數據治理與確信」變成生存議題？  IFRS S1 / S2 與碳排數據治理，從揭露到內控與治理  國際碳管理標準變革與範疇三，從焦慮到行動  數位工具與實務攻略，把「確信」變成競爭力 主持人：天下CSR頻道總編輯 黃昭勇 來賓：資誠永續發展服務公司執行董事 張嘉宏 本集節目由 PwC Taiwan 合作推薦 更多有關資誠永續發展與氣候變遷服務，請至：https://www.pwc.tw/zh/services/csr-consulting.html -- Hosting provided by SoundOn

2026年企業面對的永續挑戰不再只是理念，而是攸關財務、治理與競爭力的關鍵決策。 本集《2026關鍵字》，邀請KPMG安侯永續發展顧問股份有限公司執行副總經理林泉興，從2025年台灣企業的永續總體檢出發，解析碳成本、永續揭露與人權治理如何全面影響企業經營，並提供企業迎戰2026的關鍵布局思維。 主持人：Christina賢齡 來賓：安侯永續發展顧問股份有限公司執行副總經理 林泉興 Sam 製作團隊：天下整合傳播部、天下實驗室 本集節目由 KPMG 安侯建業聯合會計師事務所 合作推薦 -- Hosting provided by SoundOn

This episode explores key accounting and reporting considerations for year-end financial reporting. Technical leaders from our National Office share reminders and timely insights across a range of topics, including tariffs, income taxes, held-for-sale accounting, and other emerging issues–topics that are relevant for all finance teams, even if it's not year-end close time.In this episode, we discuss:1:52 – AI mega-deal structuring and related accounting and reporting complexities11:30 – Equity method accounting considerations and related disclosures15:58 – Tariffs and trade considerations, including inventory impacts21:38 – Crypto asset accounting models and new FASB guidance25:16 – Accounting and reporting for private credit transactions33:00 – Tax reform developments and income tax accounting40:00 – New ASUs related to derivatives and hedge accounting42:52 – Held-for-sale accounting46:00 – OECD Pillar 2 and global taxFollow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestsBret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Pat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Beth Paul is a PwC National Office Deputy Chief Accountant responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. She has over 30 years of experience consulting with clients and engagement teams on complex accounting matters.About our guest hostTom Barbieri is PwC's US Chief Accountant. He has over 30 years of experience advising large financial services and multinational corporations on complex accounting issues. Tom leads the Accounting & SEC Services Group within the National Office, which is focused on supporting our clients and engagement teams in navigating complex technical accounting and financial reporting matters. He is also a member of the Financial Accounting Standards Advisory Council.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.comDid you enjoy this episode? Text us your thoughts and be sure to include the episode name.

2026 年 IFRS 永續揭露準則即將接軌，這套準則的本質意義是：永續揭露不再是自願性的溝通文件，而是直接連結到財報與投資人決策的關鍵資訊。企業必須將治理架構、情境分析與韌性評估系統化地揭露。 企業習慣的 GRI 報告書和 IFRS 有何關鍵差異？如何將 ISO 盤查標準順利轉換為 IFRS 要求的 GHG Protocol？本集節目將為您拆解 IFRS 準則對台灣企業帶來的本質意義，並協助管理者規劃一條「不失分」的轉型路線圖。 節目主持人：天下雜誌未來事業部總監暨CSR 頻道總編輯 黃昭勇 對談來賓：KPMG台灣所審計部執業會計師 黃郁婷會計師、吳祁達會計師 製作團隊：天下整合傳播部、天下實驗室 本集節目由 KPMG安侯建業 合作推薦 -- Hosting provided by SoundOn

[Original air date: June 5, 2025]How can finance leaders identify where their capital is silently going to waste and where it can be better used to drive growth? In this episode, CJ interviews Russell Lester, the CFO of Tropic, where capital allocation is both the product and the mission. Russell introduces the concept of “spoilage”, deployed capital that fails to deliver its intended value. He also talks about “levers”, positive actions that force multiply your efforts, and “leakages”, headwinds or detractors that sap momentum. Russell believes it is the job of the CFO (or “Chief Alignment Officer”) to proactively go looking for these levers and leakages. He then explains how he uses his “center of the table” framework to redeploy the freed-up capital to fuel growth. Russell also covers how to address misalignment, what helicopter skills are and why you need them, what a data safari is and why you should take one daily, and why every CFO needs a spend management tool.—SPONSORS:Tipalti automates the entire payables process—from onboarding suppliers to executing global payouts—helping finance teams save time, eliminate costly errors, and scale confidently across 200+ countries and 120 currencies. More than 5,000 businesses already trust Tipalti to manage payments with built-in security and tax compliance. Visit https://www.tipalti.com/runthenumbers to learn more.Aleph automates 90% of manual, error-prone busywork, so you can focus on the strategic work you were hired to do. Minimize busywork and maximize impact with the power of a web app, the flexibility of spreadsheets, and the magic of AI. Get a personalised demo at https://www.getaleph.com/runFidelity Private Shares is the all-in-one equity management platform that keeps your cap table clean, your data room organized, and your equity story clear—so you never risk losing a fundraising round over messy records. Schedule a demo at https://www.fidelityprivateshares.com and mention Mostly Metrics to get 20% off.Sage Intacct is a cloud financial management platform that replaces spreadsheets, automates workflows, and keeps your books audit-ready as you scale. It unifies accounting, ERP, and real-time reporting for finance, retail, logistics, tech, and professional services. With payback in under six months and up to 250% ROI, and eight years as the customer-satisfaction leader, Sage Intacct helps you take control of your growth: https://bit.ly/3Kn4YHtMercury is business banking built for builders, giving founders and finance pros a financial stack that actually works together. From sending wires to tracking balances and approving payments, Mercury makes it simple to scale without friction. Join the 200,000+ entrepreneurs who trust Mercury and apply online in minutes at https://www.mercury.comRightRev automates the revenue recognition process from end to end, gives you real-time insights, and ensures ASC 606 / IFRS 15 compliance—all while closing books faster. For RevRec that auditors actually trust, visit https://www.rightrev.com and schedule a demo.—LINKS:Russell on LinkedIn: https://www.linkedin.com/in/russell-lester-aa98463/Tropic: https://www.tropicapp.io/CJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/Mostly metrics: https://www.mostlymetrics.com—RELATED EPISODES:Wasted Capital and Where to Find It The CFOs Guide to Spoilage Levers Leakageshttps://youtu.be/xOby7CcdljI—TIMESTAMPS:00:00:00 Mostly Classics: Russell Lester on Capital and Alignment00:00:48 Sponsors — Tipalti | Aleph | Fidelity Private Shares00:04:07 Russell Lester Joins the Show00:06:45 Capital Spoilage and Wasted Spend00:08:34 Why Spoilage Goes Unnoticed Inside Companies00:10:16 Creating Accountability for ROI00:11:08 Spoilage Beyond Tools and Software00:13:04 Strategy Drift and the Sunk Cost Trap00:14:14 Sponsors — Sage Intacct | Mercury | RightRev00:17:44 Levers and Leakages: A Framework for Momentum00:19:27 Identifying Levers Across the Funnel00:21:48 Efficiency Levers Inside the P&L00:23:31 Common Spend Leakages in Practice00:24:21 The Center of the Table Framework00:26:47 Budget Ownership vs Corporate Stewardship00:28:49 The CFO as Chief Alignment Officer00:31:31 Trust, Tact, and Executive Leadership00:33:35 Helicopter Skills for Finance Leaders00:35:41 Curiosity as a CFO Superpower00:36:02 Data Safaris and Asking Better Questions00:38:16 Breaking Down Net Dollar Retention00:40:32 Navigating Data Overload00:42:16 Building a Single Source of Truth00:43:03 Intelligent Spend Management in Action00:44:44 Capital Allocation as the CFO's Core Job00:46:04 How Spend Management Drives Growth00:49:14 Why Companies Delay Spend Tools00:50:49 A Career Mistake with Investors00:52:49 Auto-Renewals: Revenue vs Leakage00:54:07 Advice to a Younger CFO#RunTheNumbersPodcast #CFOLeadership #CapitalAllocation #FinancialStrategy #SpendManagement This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

In this special, table-turning episode of Run the Numbers, CJ Gustafson steps out of the host's chair as Paul Stansik—Operating Partner at ParkerGale and author of the Hello Operator newsletter—takes over the interview. What began as a planned discussion on annual planning best practices quickly evolves into a candid deep dive on Mostly Media, CJ's growing niche B2B media business, and the thinking behind his own operating plan for the year ahead. Fresh off exiting his CFO role in January 2025, CJ walks through the origin story of Mostly Metrics, how it scaled into a broader media platform, and what it's like being “the boss of me” for the first time. Paul presses on the real questions—growth opportunities, monetization, and strategic tradeoffs—making this episode a transparent look at how a modern, metrics-driven media business is built and run.—SPONSORS:RightRev automates the revenue recognition process from end to end, gives you real-time insights, and ensures ASC 606 / IFRS 15 compliance—all while closing books faster. For RevRec that auditors actually trust, visit https://www.rightrev.com and schedule a demo.Tipalti automates the entire payables process—from onboarding suppliers to executing global payouts—helping finance teams save time, eliminate costly errors, and scale confidently across 200+ countries and 120 currencies. More than 5,000 businesses already trust Tipalti to manage payments with built-in security and tax compliance. Visit https://www.tipalti.com/runthenumbers to learn more.Aleph automates 90% of manual, error-prone busywork, so you can focus on the strategic work you were hired to do. Minimize busywork and maximize impact with the power of a web app, the flexibility of spreadsheets, and the magic of AI. Get a personalised demo at https://www.getaleph.com/runFidelity Private Shares is the all-in-one equity management platform that keeps your cap table clean, your data room organized, and your equity story clear—so you never risk losing a fundraising round over messy records. Schedule a demo at https://www.fidelityprivateshares.com and mention Mostly Metrics to get 20% off.Sage Intacct is a cloud financial management platform that replaces spreadsheets, automates workflows, and keeps your books audit-ready as you scale. It unifies accounting, ERP, and real-time reporting for finance, retail, logistics, tech, and professional services. With payback in under six months and up to 250% ROI, and eight years as the customer-satisfaction leader, Sage Intacct helps you take control of your growth: https://bit.ly/3Kn4YHtMercury is business banking built for builders, giving founders and finance pros a financial stack that actually works together. From sending wires to tracking balances and approving payments, Mercury makes it simple to scale without friction. Join the 200,000+ entrepreneurs who trust Mercury and apply online in minutes at https://www.mercury.com—LINKS:Paul on LinkedIn: https://www.linkedin.com/in/paulstansik/Hello Operator: https://hellooperator.substack.com/CJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/Mostly metrics: https://www.mostlymetrics.com—RELATED EPISODES:Portfolio Operations: This Is What You Actually Have To Do To Make Sure a Company Is Successfulhttps://youtu.be/pOj4JwGUTSoGrindr's $0 CAC Secret from the CFO Who Launched Disney+ | Vanna Krantzhttps://youtu.be/ijFIMmtpLNw—TIMESTAMPS:00:00:00 Preview and Intro00:02:10 Sponsors — RightRev | Tipalti | Aleph00:06:23 Episode Setup and Context00:07:22 Why This Episode Exists00:08:44 The Origin Story00:10:03 First Signs of Traction00:10:26 Memes, Early Growth, and “Big Ballers”00:12:01 Defining the Brand Feel00:13:28 Leaving a Job to Write00:15:07 Writing His Way to CFO00:16:26 Sponsors — Fidelity Private Shares | Sage Intacct | Mercury00:19:01 Growth Tactics That Worked00:21:31 First Monetization Moment00:22:13 Balancing CFO Life and Media00:24:06 Going All-In on the Business00:25:02 A CFO Lens on Media00:28:09 Asset Businesses vs Cash Flow00:31:35 How the Business Makes Money00:32:42 Revenue Compounding Over Time00:33:29 Scaling to $3M00:34:08 Partnerships and Buying Cycles00:36:19 Building the Core Team00:39:09 Adding Recruiting to the Mix00:41:01 Strategy for the Next Phase00:42:03 Boredom, Discipline, and Craft00:43:08 Defining the Core Audience00:46:09 Staying in the Game00:47:22 Advice for Creators00:49:15 Brand, Fun, and Value00:52:08 Following the Momentum00:53:14 Finding Your Unique Edge00:55:19 Enjoying the Build00:56:25 Closing and Outro#RunTheNumbersPodcast #creatoreconomy #mediabusiness #cfoperspective #buildinpublic This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

In this episode of Run the Numbers, CJ Gustafson sits down with Larry Contrella, General Partner at JMI Equity, to unpack how JMI invests in software without financial engineering or roll-up strategies. Larry explains how the firm builds conviction through founder relationships, long-term partnership, and a product-and-brand-first view of durable growth. They discuss how JMI supports companies through scaling, why operating partners keep returning, and how underwriting looks different in mission-driven sectors like K–12 and nonprofit tech where customers are schools and communities, not Fortune 500s. Larry's background as a competitive runner at Penn ties the conversation together with a clear ethos: patience, discipline, and playing the long game.—SPONSORS:Mercury is business banking built for builders, giving founders and finance pros a financial stack that actually works together. From sending wires to tracking balances and approving payments, Mercury makes it simple to scale without friction. Join the 200,000+ entrepreneurs who trust Mercury and apply online in minutes at https://www.mercury.comRightRev automates the revenue recognition process from end to end, gives you real-time insights, and ensures ASC 606 / IFRS 15 compliance—all while closing books faster. For RevRec that auditors actually trust, visit https://www.rightrev.com and schedule a demo.Tipalti automates the entire payables process—from onboarding suppliers to executing global payouts—helping finance teams save time, eliminate costly errors, and scale confidently across 200+ countries and 120 currencies. More than 5,000 businesses already trust Tipalti to manage payments with built-in security and tax compliance. Visit https://www.tipalti.com/runthenumbers to learn more.Aleph automates 90% of manual, error-prone busywork, so you can focus on the strategic work you were hired to do. Minimize busywork and maximize impact with the power of a web app, the flexibility of spreadsheets, and the magic of AI. Get a personalised demo at https://www.getaleph.com/runFidelity Private Shares is the all-in-one equity management platform that keeps your cap table clean, your data room organized, and your equity story clear—so you never risk losing a fundraising round over messy records. Schedule a demo at https://www.fidelityprivateshares.com and mention Mostly Metrics to get 20% off.Sage Intacct is a cloud financial management platform that replaces spreadsheets, automates workflows, and keeps your books audit-ready as you scale. It unifies accounting, ERP, and real-time reporting for finance, retail, logistics, tech, and professional services. With payback in under six months and up to 250% ROI, and eight years as the customer-satisfaction leader, Sage Intacct helps you take control of your growth: https://bit.ly/3Kn4YHt—LINKS:Larry on LinkedIn: https://www.linkedin.com/in/larry-contrella-160a8a25/JMI Equity: https://www.jmi.com/CJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/Mostly metrics: https://www.mostlymetrics.com—RELATED EPISODES:Is taking a company public even worth it? | Fullstory's Chad Goldhttps://youtu.be/zSD8y9dr4VgSo You're Looking for a “Strategic” CFO? Bloomerang's Steve Isom on What That Really Meanshttps://youtu.be/cgHOtvG1Ces—TIMESTAMPS:00:00:00 Preview and Intro00:02:49 Sponsors — Mercury | RightRev | Tipalti00:06:41 Joining the JMI Conversation00:07:13 College Running and Team Dynamics00:08:13 New York Marathon Story and Career Intersection00:11:04 Competitive Drive and Patience With Founders00:12:54 Building Long-Term Partnerships and Underwriting Credibility00:15:27 Growth Equity as a Long Sales Cycle00:15:48 Sponsors — Aleph | Fidelity Private Shares | Sage Intacct00:18:44 Fund Planning, Deal Pacing, and Board Commitments00:20:59 Sourcing Philosophy and Developing Investors Over Time00:22:09 Hustle as the Only Sustainable Edge in Sourcing00:24:14 Early Sourcing Tactics and Information Arbitrage00:26:06 Reputation, Experience, and Breaking Into Competitive Deals00:29:42 Organic Growth Over Roll-Ups and M&A Discipline00:32:51 Brand, Product Leadership, and Paying for the Best Businesses00:33:29 Bloomerang and Brand-Led Growth in Nonprofit Software00:34:46 Why JMI Operators Keep Coming Back00:36:28 Collaborative Leadership and Giving Constructive Advice00:38:20 Using Data Without Slowing Decisions00:39:20 Transparency, Alignment, and Knowing Where You Stand00:40:31 Why JMI Invests in K–12 and EdTech00:42:07 Mission-Driven Businesses and Talent Advantage00:43:24 Monetization Models in Nonprofit SaaS00:45:40 Conviction Bets and Product-Market Fit Stories00:48:49 Rethinking TAM and Expanding Markets Over Time00:50:40 Lightning Round: Sourcing Stories and Lessons00:52:58 Traits of Great Founders and Changing Beliefs00:54:20 Closing Thoughts and Outro#RunTheNumbersPodcast #GrowthEquity #B2BSoftware #FounderRelationships #PrivateEquity This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

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In this episode, we explore the FASB's new software cost guidance and its impact on accounting for internal‑use software—what's in scope, how to evaluate the revised capitalization criteria, the effective date and transition, and other key changes. We also take a deeper dive into AI‑related software development.In this episode, we discuss:0:00 – Background and scope on the FASB's new ASU on internal-use software costs11:10 – Capitalization criteria, including “significant development uncertainty”20:38 – Examples of evaluating “significant development uncertainty”30:50 – Other insights and updates related to the software costs guidance34:00 – Effective date of the ASU and transition methods37:41 – Accounting considerations for AI-related software developmentFor more: FASB updates software cost guidance, Software costs guideAlso, be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestsPat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Mike Coleman is a partner in PwC's National Office who specializes in accounting for revenue and software arrangements and has served technology clients for much of his career. In addition, Mike has represented the firm on the AICPA Software Task Force.About our hostHeather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.comDid you enjoy this episode? Text us your thoughts and be sure to include the episode name.