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insights from the embarker blog

Clancy Fossum

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Embark's New Oklahoma Office Strengthens Its Focus on the Energy Industry & Beyond

Clancy Fossum . November 14, 2019

Sometimes everything just falls into place. What was always meant-to-be finally finds a footing and takes root. It's a notion we've proved time and again here at Embark, hitching our wagon to an absolute belief & trust in our talent and unique...

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Tagged: financial consulting, Oklahoma

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What Are The Fees & Hourly Rates Of Accounting Consulting Firms?

Clancy Fossum . November 13, 2019

When you’re planning a road trip, there are plenty of ways to get from your starting point to your desired destination. You could take backcountry roads, bustling interstates, or just kind of chart your course as you go. In other words, there’s...

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Tagged: consulting, financial consulting

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Embark Is the Workiva Americas Regional Partner of the Year

Clancy Fossum . October 17, 2019

It’s always gratifying to see hard work and perseverance pay off, isn’t it? While we’ve stuck to our original gameplan of focusing on our people and culture – to great effect, we might add – other components of our original vision are now...

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Tagged: Workiva

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Making the Inc 5000 List of Fastest Growing Companies Again Only Adds Fuel to Embark’s Fire

Clancy Fossum . October 15, 2019

Embark isn’t a stranger to accolades. Over the past few years, we’ve amassed a collection of recognition and attention that would make any team of experienced, hard-working financial consultants blush a bit -- ourselves included. Thankfully, it’s...

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Tagged: company culture, financial consulting

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The 1st Annual Embark Matches Was a Birdie For the Oil and Gas Industry at Bandon Dunes

Clancy Fossum . October 01, 2019

Was it Mark Twain that said, "Golf is a good walk spoiled?" Well, with all due respect to Mr. Twain, the 1st Annual Embark Matches at Bandon Dunes Golf Resort was anything but a ruined stroll along the beautiful Oregon coast. From September...

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Tagged: oil & gas

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Defining, Accounting, & Reporting For Discontinued Operations

Clancy Fossum . September 24, 2019

Nothing lasts forever. Well, maybe that can of ravioli in your pantry will, but let’s call that an outlier. Everything else, including once vital components of your operations, has a finite lifespan. Unfortunately, when you have discontinued...

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Tagged: financial reporting, discontinued operations

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10 Questions Your Accounting Team Must Answer To Survive Hypergrowth

Clancy Fossum . September 17, 2019

We're not going to lie and say periods of hypergrowth aren't thrilling, because they are. That type of rapid expansion is what your founders dreamed of when they launched your company. But, as we've discussed before, that doesn't mean hypergrowth...

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Tagged: accounting tips, hypergrowth

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Understanding the Differences Between Consolidated and Combined Financial Statements

Clancy Fossum . September 12, 2019

The terms consolidated and combined are pretty similar. We'd even venture to say they're synonyms in most cases. After all, you can consolidate/combine leftover pizza, Pokémon card collections, bank accounts, and a whole slew of other things. But...

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Tagged: financial reporting

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Your First SEC Filing: Get to Know the S-1

Clancy Fossum . September 10, 2019

Your journey towards your IPO isn’t always straightforward. In fact, it requires an organized approach to prevent you from getting lost in the financial woods. And while that’s a topic we’ve discussed in the past with our pre-IPO timeline,...

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Tagged: IPO, SEC

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FASB Pumps the Brakes on the Lease Accounting Deadline for Private Companies

Clancy Fossum . August 06, 2019

As dedicated purveyors of accounting and finance wisdom, Embark only feels it's our obligation to keep you plugged in and on top of your financial game. And for anyone that rolls their eyes when we muse about the dynamic world of accounting, we...

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Tagged: Lease Accounting, ASC 842

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