In the last of our four-episode series covering the implications of the war in Ukraine, we focus on accounting considerations for indirect impacts of the conflict, such as those related to customers.In this episode, Heather Horn was joined by Angela Fergason and Bret Dooley, partners in PwC’s National Office, to discuss some of the specific, but indirect, accounting topics and questions companies should consider.In this episode, you will hear:1:52 - How to perform collectibility assessments for transactions with impacted customers8:12 - Broad credit risk considerations that go beyond customers’ financial health10:32 - Accounting considerations when a company chooses to discontinue customer relationships13:25 - Dealing with payables to vendors in Russia when payment cannot be tendered due to sanctions14:55 - Impairment and valuation considerations for financial assets20:08 - Considerations for designated hedge transactions when the forecasted transaction may no longer be probable23:22 - Key reminders: disclosures on collectibility and impairments, and careful consideration of any non-GAAP adjustmentsWant to learn more? Check out our previous podcasts covering the geopolitical implications of the war in Ukraine, an overview of the current state of sanctions, and accounting for impacted operations. Also read our publication, Implications of the Russian government's invasion of Ukraine.Angela Fergason is a partner in PwC's National Office with over 20 years of experience who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Angela is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.Bret Dooley is a Deputy Chief Accountant in PwC’s National Office and the financial instruments accounting leader, with over 25 years of experience specializing in the financial services, banking, and capital markets industries. He focuses on emerging financial reporting issues relating to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.