MEDIA ADVISORY 12/04/12

Registration Opens for December 13th CPE Webcast IN FOCUS: FASB Update for Nonpublic Entities

Norwalk, CT, December 4, 2012—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast IN FOCUS: FASB Update for Nonpublic Entities. This live webcast, offered free of charge, will take place on Thursday, December 13, 2012, from 1:00 to 2:40 p.m. EST. Participants in the live broadcast will be eligible for up to 2 hours of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature FASB members Tom Linsmeier and Marc Siegel, and FASB staff members Jeff Mechanick, Ron Bossio, Elizabeth Gagnon, and Daghan Or, providing an overview of the following topics:
  1. Report on the first meeting of the newly established Private Company Council with the FASB
     
  2. The Private Company Decision-Making Framework project and the related project reexamining the definition of a nonpublic entity
     
  3. The work of the FASB’s Not-for-Profit Advisory Committee
     
  4. A brief overview of several projects in process, including:
     
    1. The FASB’s projects to improve NFP financial reporting
       
    2. The FASB’s Disclosure Framework project and its relationship to the Private Company Decision-Making Framework project
       
    3. The FASB-IASB projects on Leases, Revenue Recognition, and Accounting for Financial Instruments (focusing on latest developments)
       
    4. Other FASB projects of interest to private companies and NFP organizations.
An archive of the webcast will be available on the FASB website through Wednesday, March 13, 2013. (CPE credit will not be available to those who view only the archived webcast.) More information about the webcast will be available at www.fasb.org.


About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.