PwC's accounting podcast Year-end toolkit: Accounting and reporting reminders for 2026
13 snips
Jan 8, 2026 
Tom Barbieri, U.S. Chief Accountant with 30+ years advising multinationals; Beth Paul, specialist in business combinations and consolidations; Bret Dooley, expert in financial instruments and banking; Pat Durbin, experienced in revenue, taxes, and inventory. They discuss AI mega‑deal structuring, equity method thresholds and disclosures, tariffs and inventory impacts, crypto accounting models, private credit classification, tax reform effects, hedge and held‑for‑sale rules.
AI Snips
Chapters
Transcript
Episode notes
Apply Revenue Last, Test Collectability
- Apply revenue and lease frameworks after accounting for non-revenue elements and allocate any remaining consideration appropriately.
- Test collectability and repurchase or lease-like rights to determine whether revenue, lease, or combined models apply.
Follow Substance Over Legal Form For Equity
- Identify entity type (corporation vs partnership) and substance of instruments like in-substance common stock to pick the correct equity method model.
- Expect equity method above 20% ownership unless other facts overcome the presumption; review rights below 20% too.
Include Tariffs In Inventory Cost And Disclose
- Treat tariffs paid on imports as part of inventory or capitalized cost and test lower of cost or net realizable value as needed.
- Consider tariff law uncertainty only as a change-in-law when rulings occur and disclose significant estimation uncertainty under ASC 275.