News Release 11/25/15
REGISTRATION OPENS FOR DECEMBER 14 FASB WEBCAST
FOR PRIVATE COMPANIES AND NOT-FOR-PROFIT ORGANIZATIONS
Participants in Live Webcast Eligible for Up to 2 CPE Credits
Norwalk, CT, November 25, 2015—Registration 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 14, 2015, from 1:00 to 2:40 p.m. EST.
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 Hal Schroeder, FASB member; Larry Smith, FASB member; Jeff Mechanick, FASB assistant director—nonpublic entities; Mike Cheng, FASB supervising project manager; Rick Cole, FASB supervising project manager; and Ryan Egan, FASB project manager, discussing the following topics:
- An overview of the FASB’s current agenda
- The FASB’s upcoming agenda consultation paper, including discussion of the Financial Performance Reporting research project
- FASB simplification projects
- Update on the Private Company Council (PCC) and other private company issues
- Not-for-profits update
- Revenue Recognition implementation activities
- Update on the Financial Instruments and Leases projects
- Business Combinations projects (Definition of a Business, Intangible Assets and Goodwill of Public Business Entities and NFPs)
- Disclosures by Business Entities about Government Assistance
- Audience question-and-answer session.
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.