In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. In this bonus episode of our Year-end toolkit series, we share reminders and insights on IFRS reporting for companies that are getting ready to report in 2025.

In this episode, we discuss:

2:18 – Segment disclosures
4:51 – Accounting standards newly applicable for December 31, 2024 year ends, including those related to:
- 5:07 – Non-current liabilities with covenants
- 7:25 – Supplier finance arrangements
- 10:22 – Sale and leaseback transactions
11:38 – Recent priorities and focus areas of European regulators that may impact US companies
20:27 – Hyperinflationary economies
23:36 – New IFRS accounting standards effective in 2025 and beyond and looking ahead to 2025 broadly

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About our guest:
Gary Berchowitz is the corporate accounting topic team leader in PwC’s Global Assurance Quality - Corporate Reporting Services group. Gary brings over 20 years of financial accounting experience, working to drive quality and connectivity throughout the PwC network and help local teams solve complex accounting issues in a practical way. Gary leads the development of PwC’s global view on a variety of financial reporting matters.

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 us_podcast@pwc.com.

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