News Release 12/08/16

REGISTRATION OPENS FOR DECEMBER 19 FASB WEBCAST
FOR PRIVATE COMPANIES & NOT-FOR-PROFIT ORGANIZATIONS


Participants in Live Webcast Eligible for Up to 2 CPE Credits


Norwalk, CT, December 8, 2016Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webcast that provides an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations. IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations will take place on Monday, December 19, 2016, from 1:30 to 3:10 p.m. Eastern Standard Time.

Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 2 hours of Continuing Professional Education (CPE) credits. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature Russell G. Golden, FASB chairman; Christine A. Botosan, FASB member; Harold L. Monk Jr., PCC member/incoming FASB member; Jeffrey D. Mechanick, FASB assistant director—nonpublic entities; Mike Cheng, FASB supervising project manager; and Richard A. Cole, FASB supervising project manager, discussing the following:
  1. Overview of FASB’s current agenda
  2. Private company/Private Company Council (PCC) efforts
  3. Simplification/reporting effectiveness projects
  4. Disclosure framework projects
  5. Not-for-profit efforts
  6. Implementation activities for revenue recognition, credit losses, and leases standards
  7. Update on other projects, including hedging, business combinations projects, and EITF projects
  8. Audience question-and-answer session.
An archive of the webcast will be available on the FASB website through March 20, 2017. (CPE credit will not be available to those who view only the archived webcast.)

For more information about the webcast, visit www.fasb.org.


About the Financial Accounting Standards Board

Established in 1973, the FASB is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.