MEDIA ADVISORY 03/26/13
Registration Reminder: April 2 Webcast In Focus: 2013 US GAAP Taxonomy and XBRL Overview
FASB to Add Additional Implementation Guide, Other Comprehensive Income, to the XBRL SeriesNorwalk, CT, March 26, 2013—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: 2013 US GAAP Taxonomy Overview with Expanded Coverage of FASB XBRL Implementation Guides and SEC Update. This live webcast, offered free of charge, will take place on Tuesday, April 2, 2012, from 1:00 to 2:30 p.m. Eastern Daylight Time. Participants in the live broadcast will be eligible for up to 1.5 hours of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)
The webcast provides an overview of changes in the 2013 US GAAP Financial Reporting Taxonomy with expanded coverage of the FASB’s new series of XBRL Implementation Guides. In addition, the SEC staff will discuss current XBRL filing issues. Through this session, participants will obtain a better understanding of the changes in the 2013 US GAAP Financial Reporting Taxonomy and how to use the Implementation Guides. They’ll also gain insight into current SEC XBRL filing issues, as well as an enhanced appreciation for using XBRL data.
The most recent Implementation Guide, soon to be released as part of the XBRL series―and one of five to be reviewed during the webcast―is U.S. GAAP Financial Reporting Taxonomy Implementation Guide—Other Comprehensive Income (OCI). This guide demonstrates the modeling of OCI transactions focusing on changes in and the reclassification out of accumulated OCI and an overview of OCI elements attributes.
An archive of the webcast will be available on the FASB website through Monday, July 1, 2013. (CPE credit will not be available to those who view only the archived webcast.) More information about the webcast is 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.