News Release 11/14/18
Registration Opens for December 14 FASB Webcast
for Private Companies & Not-for-Profit Organizations
Participants in Live Webcast Eligible for Up to 2 CPE Credits
Norwalk, CT, November 14, 2018—Registration is now open for an upcoming webcast that will provide a semi-annual update on the Financial Accounting Standards Board’s (FASB) standard-setting activities pertaining to private companies and not-for-profit organizations. The webcast, titled IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations, will take place on Friday, December 14, 2018, from 1:00 to 2:40 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. (CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature FASB Chairman Russ Golden; FASB Member Gary Buesser; PCC Member Jeremy Dillard; FASB Assistant Director—Nonpublic Entities Jeff Mechanick; FASB Senior Project Manager/PCC Coordinator Mike Cheng; FASB Supervising Project Manager Rick Cole; FASB Postgraduate Technical Assistants Jane Lazzara and Darien Williams.
- Overview of FASB’s current agenda
- Overview of Tax Cuts and Jobs Act guidance and monitoring update
- Update on revenue recognition, leases, credit losses, hedging, and long -duration insurance implementation activities
- Update on current agenda projects, including liabilities and equity, financial performance reporting, and goodwill and intangible assets (recently added)
- PCC/private company efforts
- Not-for-profit update
- Other FASB simplification and narrow-scope improvement projects
- Disclosure framework update
- Other recently issued standards and noteworthy ongoing 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.