Media Advisory 09-02-20

Registration Opens for October 20 FASB Webcast on Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity


 Norwalk, CT—September 2, 2020—Registration is now open for an upcoming webcast that will provide an overview of the Financial Accounting Standards Board’s (FASB) recently issued Accounting Standards Update (ASU) No. 2020-06, which improves a complex area of accounting. The webcast, titled IN FOCUS: FASB’s New Standard on Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity will take place on Tuesday, October 20, 2020, from 2:00 to 3:00 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 1 hour of Continuing Professional Education (CPE) credits. (CPE credit is not available for group viewing of the live broadcast.)
 
The webcast will feature FASB Vice Chairman Jim Kroeker; Senior Project Manager Mary Mazzella; Project Manager Lucy Cheng; and Postgraduate Technical Assistant Frazer Mulugeta.
 
Topics of discussion will include:
  1. The purpose and scope of the amendments in ASU 2020-06
  2. Overview of amendments to the guidance for:
    1. Convertible instruments
    2. Derivatives scope exception
    3. Diluted earnings-per-share calculation
  3. Transition, effective date, and implementation resources
  4. Audience question-and-answer session. 
An archive of the webcast will be available on the FASB website after the live event. (CPE credit will not be available to those who view only the archived webcast.)
 
For more information about the webcast, visit www.fasb.org.