News Release 06/08/17
Registration Opens for June 26 FASB Webcast
for Private Companies & Not-for-Profit Organizations
Participants in Live Webcast Eligible for Up to 2 CPE Credits
Norwalk, CT, June 8, 2017—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, June 26, 2017, from 1:00 to 2:40 p.m. Eastern Daylight 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 Harold L. Monk Jr., FASB member; Marc A. Siegel, FASB member; Jeffrey D. Mechanick, FASB assistant director—nonpublic entities; Michael K. Cheng, FASB supervising project manager; and Richard A. Cole, FASB supervising project manager, discussing the following:
- Overview of FASB’s current agenda
- Private company/Private Company Council (PCC) efforts
- Simplification/narrow improvement projects
- Disclosure framework projects
- Not-for-profit efforts
- Implementation activities for revenue recognition, credit losses, and leases standards
- Update on other recent Accounting Standards Updates (ASUs) and projects, including EITF and Hedging projects.
- 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.