Going for a spin: Accounting and reporting for spinoffs

PwC's accounting podcast

In today’s episode, we unpack the complexities of spinoff transactions and their accounting implications. From identifying spinoffs to addressing key financial reporting considerations, our guests share practical guidance and insights for companies planning or evaluating these strategic moves.

In this episode, we discuss:

• 1:12 – Overview of spinoff transactions
• 9:08 – Accounting and reporting considerations for spinoff transactions
• 23:56 – Post-spin accounting considerations for the spinnor
• 27:50 – Final advice for a company planning a spinoff

For more on spinoffs, read our Financial statement presentation and Carve out financial statements guides. You can also tune in to last week’s episode, Sale of a business – Held for sale criteria, disc ops, and more, for further discussion on the presentation of discontinued operations.

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About our guests

Matt Sabatini is a partner in PwC's National Office who helps clients and engagement teams navigate the accounting and financial reporting for complex transactions. He specializes in the accounting for M&A, consolidations, corporate reorganizations, recapitalizations, joint ventures, and other investments.

Katie Driessen is a partner in PwC’s National Office where she assists companies with complex accounting and financial reporting issues related to capital markets transactions, including acquisitions, divestitures, and capital raises. Katie recently returned to PwC following two years working in the Office of the Chief Accountant at the SEC.

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]

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1. Going for a spin: Accounting and reporting for spinoffs (00:00:00)

2. Overview of spinoff transactions (00:01:12)

3. Accounting and reporting considerations for spinoff transactions (00:09:08)

4. Post-spin accounting considerations for the spinnor (00:23:56)

5. Final advice for a company planning a spinoff (00:27:50)