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insights from the embarker blog

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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5 Sessions We’ll Be Attending at the 2019 Workiva Amplify Conference

Erick De La Fuente . August 26, 2019

Time flies, huh? It seems like it was just 12 months ago that we were talking about the upcoming Workiva conference. Okay, so maybe it was 12 months ago, and that's our not-so-clever way of saying the 2019 Workiva Amplify conference is right...

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Tagged: Workiva

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Perfect Your Financial Closing with a Post-Close Review

Blake Brunson . August 13, 2019

Congratulations on making it through yet another financial close. Yeah, it could've gone a little smoother but, what's done is done, right? Before you put the experience behind you, however, let's postpone happy hour or your post-close weekend...

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Tagged: accounting tips, reporting, month-end close

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Andy Metzger Combines Big 4 Experience and the Embark Spirit in Houston

Wally Alarcon . August 09, 2019

Embark has learned a thing or two about growth and success over the last few years. While a sound, flexible strategy is essential, there's also something to be said about good old fashioned serendipity as well. Sometimes the stars just align to...

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Tagged: company culture, financial consulting

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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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General Ledger Clean-Up: Identify and Fix Your GL Problems

Clancy Fossum . August 01, 2019

 

To state the obvious, your general ledger is kind of a big deal. Without the kind of. It collects your transactional data, feeds your reporting, and is the bedrock of your entire accounting function. Therefore, it only makes sense for a company...

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Tagged: financial reporting, General Ledger

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Brady Minyard, Embark's New Austin Market President, Embraces the City's Innovative Spirit

Wally Alarcon . July 31, 2019

Our continuing mission to boldly go where no financial consultants have gone before requires a heck of a lot of propulsion. That's what our people, Embarkers, provide for us, the kinetic energy we need to reach escape velocity, break the shackles...

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Tagged: company culture, Austin

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