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Accolade, Inc. – ‘10-Q’ for 11/30/23 – ‘EX-31.2’

On:  Monday, 1/8/24, at 5:03pm ET   ·   For:  11/30/23   ·   Accession #:  1481646-24-8   ·   File #:  1-39348

Previous ‘10-Q’:  ‘10-Q’ on 10/4/23 for 8/31/23   ·   Latest ‘10-Q’:  This Filing   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 1/08/24  Accolade, Inc.                    10-Q       11/30/23   64:5.5M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.11M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
10: R1          Cover Page                                          HTML     72K 
11: R2          Condensed Consolidated Balance Sheets (Unaudited)   HTML    124K 
12: R3          Condensed Consolidated Balance Sheets               HTML     28K 
                (Parenthetical)                                                  
13: R4          Condensed Consolidated Statements of Operations     HTML     88K 
                (Unaudited)                                                      
14: R5          Condensed Consolidated Statements of Stockholders   HTML     86K 
                Equity (Deficit) (Unaudited)                                     
15: R6          Condensed Consolidated Statements of Cash Flows     HTML    108K 
                (Unaudited)                                                      
16: R7          Background                                          HTML     21K 
17: R8          Basis of Presentation and Summary of Significant    HTML     51K 
                Accounting Policies                                              
18: R9          Revenue                                             HTML     44K 
19: R10         Goodwill and Intangible Assets                      HTML     37K 
20: R11         Fair Value Measurements                             HTML     37K 
21: R12         Debt                                                HTML     46K 
22: R13         Stock-based Compensation                            HTML     76K 
23: R14         Income Taxes                                        HTML     23K 
24: R15         Net Loss Per Share Attributable to Common           HTML     47K 
                Stockholders                                                     
25: R16         Commitments and Contingencies                       HTML     25K 
26: R17         Restructuring                                       HTML     38K 
27: R18         Pay vs Performance Disclosure                       HTML     31K 
28: R19         Insider Trading Arrangements                        HTML     24K 
29: R20         Basis of Presentation and Summary of Significant    HTML     73K 
                Accounting Policies (Policies)                                   
30: R21         Revenue (Tables)                                    HTML     38K 
31: R22         Goodwill and Intangible Assets (Tables)             HTML     35K 
32: R23         Fair Value Measurements (Tables)                    HTML     36K 
33: R24         Debt (Tables)                                       HTML     25K 
34: R25         Stock-based Compensation (Tables)                   HTML     65K 
35: R26         Net Loss Per Share Attributable to Common           HTML     49K 
                Stockholders (Tables)                                            
36: R27         Restructuring (Tables)                              HTML     41K 
37: R28         Basis of Presentation and Summary of Significant    HTML     28K 
                Accounting Policies - Property and Equipment and                 
                Capitalized Internal Use Software Costs (Details)                
38: R29         Revenue - Revenues Disaggregated (Details)          HTML     30K 
39: R30         Revenue - Revenue and Deferred Revenue (Details)    HTML     38K 
40: R31         Revenue - Revenue and Deferred Revenue Narratives   HTML     23K 
                (Details)                                                        
41: R32         Revenue - Cost to Obtain and Fulfill a Contract     HTML     34K 
                (Details)                                                        
42: R33         Goodwill and Intangible Assets (Details)            HTML     25K 
43: R34         Goodwill and Intangible Assets - Intangible assets  HTML     61K 
                (Details)                                                        
44: R35         Fair Value Measurements (Details)                   HTML     35K 
45: R36         Debt - Narrative (Details)                          HTML    128K 
46: R37         Debt - Notes (Details)                              HTML     35K 
47: R38         Stock-based Compensation - Stock-based              HTML     31K 
                Compensation Expense (Details)                                   
48: R39         Stock-based Compensation - Narrative (Details)      HTML    148K 
49: R40         Stock-based Compensation - Stock Option Activity    HTML     53K 
                Under Option Plan and Incentive Plan (Details)                   
50: R41         Stock-based Compensation - Restricted Stock Units   HTML     29K 
                (Details)                                                        
51: R42         Stock-based Compensation - Performance Stock Units  HTML     29K 
                (Details)                                                        
52: R43         Stock-based Compensation - Employee Stock Purchase  HTML     52K 
                Plan - (Details)                                                 
53: R44         Income Taxes (Details)                              HTML     24K 
54: R45         Net Loss Per Share Attributable to Common           HTML     40K 
                Stockholders (Details)                                           
55: R46         Net Loss Per Share Attributable to Common           HTML     47K 
                Stockholders - Antidilutive (Details)                            
56: R47         Commitments and Contingencies - Legal Proceedings   HTML     20K 
                (Details)                                                        
57: R48         Commitments and Contingencies - Purchase            HTML     21K 
                Obligations (Details)                                            
58: R49         Restructuring - Severance Costs (Details)           HTML     32K 
59: R50         Restructuring - Severance Liability (Details)       HTML     26K 
62: XML         IDEA XML File -- Filing Summary                      XML    111K 
60: XML         XBRL Instance -- accd-20231130_htm                   XML   1.15M 
61: EXCEL       IDEA Workbook of Financial Report Info              XLSX    122K 
 6: EX-101.CAL  XBRL Calculations -- accd-20231130_cal               XML    115K 
 7: EX-101.DEF  XBRL Definitions -- accd-20231130_def                XML    389K 
 8: EX-101.LAB  XBRL Labels -- accd-20231130_lab                     XML   1.41M 
 9: EX-101.PRE  XBRL Presentations -- accd-20231130_pre              XML    779K 
 5: EX-101.SCH  XBRL Schema -- accd-20231130                         XSD    121K 
63: JSON        XBRL Instance as JSON Data -- MetaLinks              385±   562K 
64: ZIP         XBRL Zipped Folder -- 0001481646-24-000008-xbrl      Zip    272K 


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Stephen Barnes, certify that:
1.I have reviewed this quarterly report on Form 10-Q of Accolade, Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
/s/ Stephen Barnes
Stephen Barnes
Chief Financial Officer
(Principal Financial Officer)


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:1/8/248-K
For Period end:11/30/234
 List all Filings 


5 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/10/21  Accolade, Inc.                    8-K:1,3,8,9 6/09/21   12:1.5M                                   Toppan Merrill/FA
 3/29/21  Accolade, Inc.                    8-K:1,2,3,8 3/23/21   14:1.3M                                   Toppan Merrill/FA
 3/04/21  Accolade, Inc.                    8-K:1,3,8,9 3/03/21   13:1.5M                                   Toppan Merrill/FA
 7/10/20  Accolade, Inc.                    8-K:5,9     7/07/20    2:58K                                    Toppan Merrill/FA
 2/28/20  Accolade, Inc.                    S-1                   39:24M                                    Toppan Merrill-FA
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Filing Submission 0001481646-24-000008   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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