Pwc's Cfodirect Podcast

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.comWe continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas.In today’s episode, we discuss pro forma financial information. We break down when and why pro formas are required under SEC rules, and we discuss key considerations on preparation and presentation; we also share common pitfalls. Whether you’re dealing with an acquisition, divestiture, or capital raise, this episode brings you key insights to help you navigate the requirements for pro forma financial information. In this episode, we discuss: 1:40 – Types of transactions that typically require SEC pro forma financial information 7:02 – “Significance” and when it triggers pro forma reporting requirements 10:22 – Types of filings in which pro forma fin

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.comWe're excited to share another video edition of our podcast on sustainability reporting—watch along as our sustainability specialists dive into the latest developments. In this episode, we provide an update on the European Commission’s Omnibus package and what it means for sustainability reporting under the ESRS framework. From the formal delay in wave 2 and wave 3 reporting requirements to expected simplifications of ESRS standards, we explore the latest legislative and technical developments and what companies should anticipate next. Drawing on insights from the recent EFRAG meeting and our response to their request for comment, we also highlight how stakeholder feedback is shaping the evolving landscape. In this episode, we discuss: 1:19 – Overview of the EU’s omnibus package and its impacts to ESRS 3:00 – Legislative s

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.We continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas. In today’s episode, we discuss acquisitions and divestitures—transactions that often involve complex reporting requirements. We cover technical guidance and practical implications for a range of deal-related topics, including significance tests, carve-out financials, spin-off considerations, and more. In a deal environment that is both volatile and diverse, understanding reporting nuances is essential for staying ahead of regulatory requirements and market expectations. In this episode, we discuss: 2:39 – Overview of the current M&A environment 6:50 – Distinctions between business acquisitions under US GAAP and SEC rules 9:58 – Reporting consi

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.Companies face growing uncertainty about clean energy tax credits, tariffs, and the related regulatory guidance. In this episode, we explore the current state of clean energy investments, evolving financing structures, and the complex compliance landscape shaping renewable energy strategies today. In this episode, we discuss: 1:19 – A refresher on the scope and objectives of the IRA 3:50 – How the administration change has affected clean energy projects and capital flow, including the role of new tariffs 14:59 – Complexities in prevailing wage, apprenticeship rules, and domestic content requirements 22:37 – Navigating guidance related to clean fuels and transferability of credits 33:33 – A look at positive outcomes like job growth, battery storage integration, and rising demand for renewables 33:36 – Strategic recommendations amid shifting policy, stakeholder expectations, and growing energy demands from AI Looking for t

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.comThis episode kicks off a new video miniseries focused on SEC reporting that will keep you up to speed on the SEC landscape and take a “back to basics” look at key reporting areas. In today’s episode, we cover capital raising, one of the pillars of the SEC’s tripartite mission and a focus of the new SEC Chairman. Whether you're preparing for an IPO or navigating ongoing public company reporting, this discussion breaks down the key requirements and considerations. From SEC filing requirements to readiness, our guests share insights for companies at every stage of growth. In this episode, we discuss: 1:11 – Overview of the capital markets, including IPO activity 4:48 – Key disclosure obligations for new public companies 17:47 – Overview of the IPO process (e.g., SEC reviews, confidential filings, roadshow and pricing process)

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.As the first wave of companies report under the EU’s Corporate Sustainability Reporting Directive (CSRD), PwC analyzed corporate sustainability statements. In this week’s podcast, host Heather Horn welcomes back Nadja Picard, PwC’s Global Reporting Leader, to dive into the key findings from more than 250 published reports. They explore emerging trends, surprising gaps, and what these insights mean for companies yet to report. In this episode, we discuss: 01:47 – Overview of PwC’s analysis of 250+ CSRD reports 04:29 – Key findings: variability in disclosures and early trends 08:49 – Most common material topics and sector-specific patterns 18:35 – Entity-specific disclosures: cybersecurity, AI, and tax 24:44 – Climate reporting practices and assurance observations 33:26 – Practical guidance for companies preparing to report under CSRD For more on PwC’s analysis of 250 corporate sustainability statements, see our publicatio

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In this episode, we continue our miniseries on financial statement presentation and disclosure with a focus on derivatives and hedging. Derivatives and hedging are topics applicable to many companies, but the accounting and related presentation and disclosures can be complex. This episode breaks down the requirements with practical insights and guidance.In this episode, we discuss: 1:10 – An overview of derivatives and hedging, including common examples 3:34 – Balance sheet presentation 9:03 – Income statement presentation 11:42 – Cash flow statement classification 15:19 – Key disclosure requirements  For more information, see chapter 19 of our Financial statement presentation guide and our Derivatives and hedging guide. You can also listen to the other episodes in this miniseries: Reporting reset – Presentation fundamentals Reporting reset – Fair value disclosures Reporting reset – Consolidation disclosures Reporting re

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.With the first wave of companies reporting under the European Sustainability Reporting Standards (ESRS), we address some practical implementation questions about GHG emissions reporting and provide practical examples to help companies apply the ESRS requirements.In this episode, we discuss:2:45 – Organizational boundary guidance under the GHG Protocol versus ESRS, including insights on some challenges companies are facing5:27 – Reporting emissions from leased assets13:13 – Reporting emissions associated with investment entities18:33 – Scope 3 measurement and minimum boundaries44:02 – Determining relevant scope 3 categories50:25 –

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our back-to-basics series on financial statement presentation and disclosure with a focus on loans, receivables, and investments – accounts that affect nearly every business. In this episode, we walk through the key presentation and disclosure requirements and examine recent guidance updates for creditors accounting for certain loan modifications.In this episode, we discuss:2:05 – Key considerations for loans and receivables, including:3:08 – Presentation in the balance sheet and income statement7:20 – Disclosure requirements8:35 – New guidance (ASU 2022-02) on creditors’ accounting for certain loan modifications 13:30 – Key considerations for investments, including:14:05 – Presentation in the balance sheet and income statement18:22 – Disclosure requirementsFor more information, see chapter 9 of our Financial statement presentation guide and our Loans and investments guide. You can also listen to the other ep

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com. Greenhouse gas (GHG) emissions reporting is central to sustainability disclosures—and measuring those emissions accurately is critical to transparent reporting. In this episode, we walk through PwC’s five-step process for GHG reporting, with a deep dive into measurement approaches across scope 1, 2, and 3 emissions. In this episode, we discuss: 1:40 – PwC’s 5-step process for GHG emissions reporting  6:43 – Scope 1 emissions: direct and indirect measurement methodologies 13:56 –Scope 2 emissions: market-based versus location-based methods 33:17 – Scope 3 emissions: minimum boundaries and measurement approaches for upstream and downstream emissions 50:24 – Key takeaways on measuring emissions based on practical experience  Looking for more on GHG emissions reporting? Check out our GHG miniseries, Talking GHG, along with other

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our back-to-basics series on financial statement presentation and disclosure with an episode focused on stock-based compensation. This episode breaks down the key presentation and disclosure principles and how stock-based compensation is reflected in each of the financial statements.In this episode, we discuss:0:55 – Stock-based compensation presentation in the:1:09 – Balance sheet9:36 – Income statement11:34 – Statement of cash flows18:29 – Statement of stockholders’ equity20:58 – Key stock-based compensation disclosure requirementsFor more information, see chapter 15 of our Financial statement presentation guide and our Stock-based compensation guide. You can also listen to the other episodes in this miniseries: Reporting reset – Presentation fundamentals Reporting reset – Fair value disclosures Reporting reset – Consolidation disclosuresBe sure to follow this podcast on your favorite podcast app and subscr

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.In this episode, we explore the foundational concepts that underpin sustainability reporting. From qualitative characteristics and connectivity with financial statements to measurement approaches and general disclosure requirements, we break down what preparers need to know under both the European Sustainability Reporting Standards (ESRS) and International Sustainability Standards Board (ISSB) standards.In this episode, we discuss:1:52 – An overview of the foundations of sustainability reporting3:10 – The qualitative characteristics of sustainability reporting under ESRS and ISSB standards15:29 – Connectivity with the financial s

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our back-to-basics series on financial statement presentation with an episode focused on consolidation disclosures. These disclosures can be complex, covering both consolidated entities – such as variable interest entities (VIEs) and voting interest entities (VOEs) – as well as variable interests in VIEs that are not consolidated. This episode breaks down the relevant frameworks, presentation principles, and disclosure requirements.In this episode, we discuss:2:00 – The purpose of consolidated financial statements and the guiding frameworks5:50 – General consolidation presentation and disclosure principles8:00 – Principles and objectives for the presentation and disclosure of variable interests in VIEs, including from the perspective of:12:22 – A holder of variable interests in a VIE, regardless of primary beneficiary status14:21 – A primary beneficiary of a VIE16:17 – An entity with variable interests in VIE

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.Despite the ever-changing landscape, materiality remains the cornerstone of sustainability reporting – and it’s here to stay. In this episode, we discuss how materiality is defined and applied under both the European Sustainability Reporting Standards (ESRS) and International Sustainability Standards Board’s (ISSB) standards, highlighting key similarities and differences.In this episode, we discuss:2:13 – Understanding double materiality and impacts, risks, and opportunities (IROs) in the ESRS framework19:15 – Considering long-term horizons, cumulative effects, and uncertainty under ESRS26:39 – Disclosure of relevant IROs under E

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our back-to-basics series on financial statement presentation with an episode focused on fair value disclosures. Fair value measurements are used across many areas of financial reporting—and the related disclosure requirements can be extensive. From recurring versus nonrecurring measurement disclosures to those relating to fair value hierarchy, we highlight key considerations. In this episode, we discuss:1:09 – General fair value disclosure requirements8:13 – Fair value hierarchy disclosures14:52 – Disclosures of unobservable inputs and valuation techniques17:04 – Concentrations of credit risk and market risk disclosures18:35 – Fair value disclosures for instruments not measured at fair value19:48 – Applying the fair value option27:52 – SEC comment letter trendsFor more information, see chapter 20 of our Financial statement presentation guide and our Fair value guide. You can also listen to the first episode

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.Understanding the boundaries, or reporting scope, of sustainability reporting frameworks, including with the European Sustainability Reporting Standards and IFRS Sustainability Disclosure Standards, is critical for compliance. In this episode, we explore key concepts like own operations, value chain, and time boundaries to help companies navigate sustainability reporting alongside financial reporting.In this episode, we discuss:1:08 – What the term “boundaries” means for sustainability reporting2:49 – How sustainability and financial reporting boundaries compare14:31 – Understanding upstream and downstream value chains and why th

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We kick off our latest accounting series focused on financial statement presentation and we go back to the basics. This first episode sets the stage by covering foundational reporting principles, key disclosure considerations, notable differences between public and private company financial statements, and accounting changes and error corrections.In this episode, we discuss:1:04 – Foundational GAAP and SEC requirements for financial statement presentation2:46 – Determining appropriate reporting periods5:01 – Balance sheet presentation: classification, required disclosures, and best practices11:23 – Income statement presentation: structure and key considerations21:10 – Accounting changes, estimates, and error corrections31:50 – 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 requirem

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.California’s climate disclosure laws have broad implications for businesses worldwide. In this episode, we break down the key reporting requirements, including on greenhouse gas (GHG) and climate risk, and discuss how companies—whether headquartered in California or not—can prepare.In this episode, we discuss:1:10 – Overview of California’s climate disclosure laws3:45 – Scope of California SB 25314:05 – Greenhouse gas reporting required by California SB 25324:52 – Scope of California SB 26131:42 –Climate risk reporting under the Task Force on Climate-Related Financial Disclosures framework37:57  – Interoperability with the International Sustainability Standards Board and the European Sustainability Reporting Standards39:18 – California legal challenges, activity in other states, and why companies should continue to move forwar

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.Tariffs are dominating headlines and reshaping global trade. In this episode we break down what they may mean for businesses and financial reporting, and we share insights on how companies can prepare. In this episode, we discuss:1:44 – Overview of tariffs and the current state of play16:28 – Key financial reporting impacts21:12 – Reciprocal tariffs: Country- and industry-specific impacts25:44 – Accounting implications: Cost capitalization, customer contracts, asset impairments, income taxes, and disclosures37:30 – Strategies for managing tariff impactsFor more on this topic, read our publications, Accounting implications of tariffs and How Trump's tariffs could impact US companies. About our guestsChristopher Desmond is a leader in PwC's US Global Trade Services team with over 20 years of experience in transfer pricing. He is known for customized offerings in trade / tariffs combined with other specialties suc

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.In this bonus episode, we break down the EU’s Omnibus proposal released on February 26, covering key changes to the Corporate Sustainability Reporting Directive (CSRD), including potential impacts to timing and requirements. Join PwC’s Heather Horn and Diana Stoltzfus as they discuss the implications for companies and what’s next in the legislative process.In this episode, we discuss:1:46 – Background on the regulatory changes driving the Omnibus proposals5:20 – The process and timeline of the CSRD proposals9:58 – Two CSRD proposals – “stop the clock” and content revision – and potential implications29:30 – The next steps for the