PwC's accounting podcast

ASU 2025-07, Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract, is new FASB guidance that adds a derivative scope exception and clarifies the boundary between revenue and financial instruments guidance for share-based non-cash consideration from customers. 
In this episode, we discuss:
2:39 – New derivative scope exception for contracts tied to operations
11:05 – Applying revenue versus financial instruments guidance 
14:55 – Examples illustrating application of the share-based consideration guidance
22:59 – Effective date, transition, and adoption considerations
For more information, read our In depth, FASB issues new standard on derivative and revenue scoping and check out chapter 3 of our Derivatives and hedging guide.
Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.
About our guest
Bret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.
Angela Fergason is a partner and standard setting leader in PwC's National Office who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies.
About our guest host
Diana Stoltzfus is a partner in PwC’s National Office who helps to shape PwC’s perspectives on regulatory matters, responses to rulemakings and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the OCA’s Professional Practices Group.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected] 
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

In this episode, we explore the FASB’s latest hedge accounting guidance and what the changes mean for a company’s risk management strategies. We also preview what’s ahead for hedging on the FASB’s standard setting agenda.
In this episode, we discuss:
0:46 – Overview of recent hedge accounting updates
4:24 – New choose-your-rate debt hedge accounting model
10:09 – Updates affecting purchases and sales of nonfinancial assets
21:09 – What’s ahead on the FASB’s hedge accounting agenda
30:23 – Adoption considerations and transition opportunities
For more information, read our In depth, FASB issues hedge accounting improvements, and check out our Derivatives and hedging guide for additional background on existing guidance.
Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop. 
About our guests
Chip Currie is a partner in PwC’s National office with 30 years of experience assisting companies in resolving complex business and accounting issues. He concentrates on the accounting for financial instruments under both current and emerging standards and works with many of the firm's largest financial services clients and a number of non-financial services clients on treasury-related matters.
Nick Milone is a partner in PwC’s Financial Markets & Real Estate practice. He advises companies on current accounting issues, developments, and the application of accounting standards. Nick provides accounting advisory services to many of PwC’s clients on structured transactions, derivatives and hedging activities, transfers of financial assets, securitizations, financings, investments, valuation, and other issues.
About our guest host
Diana Stoltzfus is a partner in PwC’s National Office who helps to shape PwC’s perspectives on regulatory matters, responses to rulemakings and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the OCA’s Professional Practices Group.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected]. 
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.
In this episode, we explore the latest on potential GHG Protocol revisions, including revisiting proposed changes to the Scope 3 Standard and how key decisions are taking shape in the process. We discuss updates to organizational boundaries, materiality thresholds, and new scope 3 categories plus the potential implications of the newly released land sector and removals standard. 
In this episode, we discuss:
1:43 – Key updates on the Corporate Standard and Scope 3 Standard revision process12:19 – The introduction of Category 16 (Other value chain emissions) and related challenges
17:09 – Minimum boundaries and expanding expectations for value chain emissions
21:15 – Scope 3 data quality, disaggregation, and disclosure proposals
26:01 – Scope 3 category 15 (Investments) and alignment with PCAF methodologies
30:21 – Clarifying scope 3 category 10 (Processing of sold products) and category 11 (Use of sold products)

36:21 – Actions and Markets Technical Working Group progress and “book and claim” concepts
39:11 – Newly-issued Land Sector and Removals Standard and implementation considerations
46:17 – Timeline and practical guidance for companies preparing for change
For more on the GHG Protocol, see our publications:
PwC shares feedback on GHG Protocol Scope 2 Guidance amendments
GHG Protocol announces Scope 2 Public Consultation
GHG Protocol publishes Land Sector and Removals Standard
About our guest
Colin Powell is PwC Canada’s Technical Net Zero Leader. His work focuses on GHG quantification, life cycle assessment across many impact categories, GHG target setting, and developing decarbonization strategies. He has supported companies in quantifying over 1 billion tonnes of GHG emissions and worked previously as a consultant supporting global clients to understand their GHG emissions and how they can decarbonize. Colin sits on the GHG Protocol’s Scope 3 Technical Working Group, helping to shape the revision of the global standards used to account for GHG emissions. Colin is also a Professional Engineer (Ontario) and holds a PhD in wastewater treatment modeling.
About our host
Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

The US tariff landscape shifted again following the Supreme Court’s decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA). In this episode, we discuss what the ruling means for importers, including potential refunds, accounting and financial reporting considerations, compliance challenges, and the continued use of other tariff authorities. 
In this episode, we discuss:
1:29 The current tariff landscape and the Supreme Court’s IEEPA ruling
6:57 Practical steps companies can take now
8:56 Accounting for potential tariff refunds
13:11 Operational, administrative, and compliance challenges
17:42 Downstream accounting impacts for customers and suppliers
20:50 New Section 122 tariffs and other tariff authorities still in effect
25:27 Tariff mitigation strategies, including drawback and supply chain planning
For more, read our In depth, Accounting implications of tariffs. 
Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop. 
About our guest
Sharon Martin is a principal with PwC’s Customs and International Trade practice with extensive experience advising clients on both trade compliance and strategic planning related projects. Sharon has worked with clients in a variety of industries providing strategic advice on customs advisory, risk mitigation, and duty planning.
About our guest host
Pat Durbin is a Deputy Chief Accountant in PwC’s National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected]. 
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.
The GHG Protocol’s proposed updates to its guidance on scope 2 emissions introduce significant changes, including hourly matching, revised market-based accounting rules, and more granular emissions data requirements. In this episode, we break down the key proposals, PwC’s perspective on feasibility and interoperability, and what companies should be considering as the guidance evolves. 
In this episode, we discuss: 
1:45 – Overview of the Scope 2 consultation and the themes of proposed updates and views
14:04 – Data availability challenges: hourly utility data gaps and lack of granular emission factors
20:08 – Geographic market restrictions and renewable procurement impacts
31:00 – International Organization for Standardization relationship, timeline shifts, and what companies can do now 
For more on the GHG Protocol, see our publications: 
PwC shares feedback on GHG Protocol Scope 2 Guidance amendments 
GHG Protocol announces Scope 2 Public Consultation
GHG Protocol publishes Land Sector and Removals Standard  
Looking for the latest developments in sustainability reporting? Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership on sustainability standards.
About our guest
Colin Powell is PwC Canada’s Technical Net Zero Leader. His work focuses on GHG quantification, life cycle assessment across many impact categories, GHG target setting, and developing decarbonization strategies. He has supported companies in quantifying over 1 billion tonnes of GHG emissions and worked previously as a consultant supporting global clients to understand their GHG emissions and how they can decarbonize. Colin sits on the GHG Protocol’s Scope 3 Technical Working Group, helping to shape the revision of the global standards used to account for GHG emissions. Colin is also a Professional Engineer (Ontario) and holds a PhD in wastewater treatment modeling.  
About our host 
Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. 
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.