FASB Webcast and Webinar Series
IN FOCUS: 2017 GAAP Financial Reporting Taxonomy Changes and SEC Update
Date: Tuesday, October 4, 2016
Time: 1:00–2:15 p.m. Eastern Daylight Time
Program Description: The Financial Accounting Standards Board (FASB) is pleased to announce an upcoming webcast that will discuss the 2017 GAAP Financial Reporting Taxonomy Release (2017 Taxonomy Release) for recently issued FASB Accounting Standards Updates (ASUs) and other significant changes. In addition, the webcast will include an update from the U.S. Securities and Exchange Commission (SEC) staff.
Speakers: Louis Matherne, FASB Chief of Taxonomy Development, Donna Johaneman, FASB Supervising Project Manager-XBRL, David Shaw, FASB Project Manager-XBRL, Vickie Lusniak, FASB Manager-XBRL, Communication Liaison & Education Support, Melissa Nicholson, FASB Assistant Project Manager-XBRL, Elena Titova, FASB Project Research Associate-XBRL, Mike Willis, Assistant Director, Office of Structured Disclosure, U.S. Securities and Exchange Commission, and Kimberly Earle, Associate Chief Accountant, Office of Structured Disclosure, U.S. Securities and Exchange Commission.
Participants will have the opportunity to email questions to the panelists before and during the event.
Learning Objectives: Through this session, participants will gain a better understanding of how the changes in the 2017 Taxonomy Release will affect XBRL exhibits. Participants also will gain insight into expected changes as a result of ASUs, topical projects, and new structural components to assist with usability. The agenda will include:
- Update from the SEC staff
- Proposed changes to the 2017 Taxonomy for new ASUs, namely Leases (Topic 842) and Revenue from Contracts with Customers (Topic 606), and for a topical project focused on retirement benefits
- Update on Taxonomy Implementation Guides
- New structural components, including extensible lists and typed dimensions
- Overview of the 2017 Taxonomy Release, including the restructuring of change and deprecation labels.
Delivery Method: Group-internet based
Program Level: Overview
Program Prerequisites: None
Advanced Preparation Suggested: Participants are encouraged to review the 2017 GAAP Financial Reporting Taxonomy Release Notes (to be available at www.fasb.org). They are also encouraged to review the Taxonomy Implementation Guides and other supporting materials listed on the FASB Taxonomy page at www.fasb.org.
Recommended CPE: 1.5 hours; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.
Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by email as soon as possible if the course is cancelled for any reason.
Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact CPEDirector@fasb.org.
Official National Registry of CPE Sponsors' Statement
The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
NASBA National Registry of CPE Sponsors—Sponsor License Number 107522
Texas Sponsor Number 000016