News Release 12/09/13
REMINDER: REGISTRATION IS OPEN FOR DEC. 16 WEBCAST, IN FOCUS: FASB UPDATE FOR NONPUBLIC ENTITIESParticipants in Live Webcast Eligible for Up to 2 CPE Credits
Norwalk, CT, December 9, 2013—Registration is 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 Monday, December 16, 2013, 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 Daryl Buck and Hal Schroeder, PCC member Tom Groskopf, FASB staff members Jeff Mechanick, Ron Bossio, and Jenifer Wyss, and FASB practice fellow Jennifer Hillenmeyer providing an overview of the following topics:
- The work of the Private Company Council (PCC), including proposed and final alternatives within U.S. Generally Accepted Accounting Principles (GAAP), and related FASB projects (Definition of a Public Business Entity, Development Stage Entities)
- The FASB’s projects to improve NFP Financial Reporting, and related and other discussions of the FASB’s NFP Advisory Committee
- The FASB-IASB projects on Leases, Revenue Recognition, and Accounting for Financial Instruments (focusing on latest developments and next steps)
- Other FASB projects of interest to private companies and NFP organizations
- Some recently-issued Accounting Standards Updates.
For more information about the webcast, log on to 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.