Accounting Matters

Don’t fear, friends…Embarkers Adam Olsen and Matt Fisser are back with what’s going on in accounting and finance this week, including:

  • ASU 2023-06, the FASB’s response to the SEC’s Disclosure Update and Simplification Initiative.
  • The FASB’s Oct 4 meeting focused on two key items: Codification improvements and EITF Issue No. 23-A, “Induced Conversions of Convertible Debt Instruments.”
  • California’s forward-looking, trend-setting climate reporting bills, SB 253 and SB 261.
  • The final edition of the UK’s Transition Plan Taskforce (TPT) Disclosure Framework, aimed at establishing a top-tier standard for companies to develop and report their climate transition plans.

For more information on these and related topics:

ASU 2023-06: Disclosure Requirements
FASB October 4 Meeting Handout
SB 253 and SB 261: A Look at California's Landmark Climate Reporting Bills
FCA welcomes the launch of the Transition Plan Taskforce Disclosure Framework

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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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