Accounting Matters

In this episode, we discuss what constitutes a change in accounting principle and, even more importantly, what to do about them when you’re trying to close the books.

Show Notes

GAAP isn’t set in stone. It’s dynamic, just like the business environment itself. So when there’s a change in accounting principles, you need to adapt to them. In this episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss that process and what it means when you’re trying to close the books.

For more information on accounting changes, financial reporting, and related topics:

ASC 250—Accounting Changes and Error Corrections
10 Reasons Your Financial Reporting Is Too Slow Or Inaccurate
5 Struggles To Overcome Around Year-End Financial Reporting

Connect with Embark on:
Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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