FASB Webcast Series

Amendments to the Accounting for Securitizations and Special Purpose Entities

The Financial Accounting Standards Board (FASB) is pleased to announce an upcoming webcast to discuss the new requirements resulting from the issuance of FASB Statements 166 and 167, which amend FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, and FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities, respectively. The amendments were issued in June 2009, and are effective for annual and interim periods beginning after November 15, 2009.

The webcast, which is scheduled for Monday, August 24, 2009, will include an overview of the changes provided for in these amendments.

The live webcast is offered free of charge. Viewers will have the opportunity to email questions to panelists during the event. A printable version of the slide presentation will be available on the FASB website. Because the slides are detailed, they may be best viewed from a printed version.

The FASB will archive the live webcast on the FASB website for access by the public. To register for the live or archived webcast, follow the audience URL at: http://event.on24.com/r.htm?e=158819&s=1&k=64DCC8C326DB8E6C84645EC0C00C285C

CPE credits will not be offered for this webcast.

Slide Presentation 

Title of Webcast:

Amendments to the Accounting for Securitizations and Special Purpose Entities

Date & Time: August 24, 2009, 1:00 p.m. to 2:00 p.m. (EDT)

Event Description/Abstract:

Panelists Tom Linsmeier (FASB Member), Patricia Donoghue (FASB Project Manager) and Christopher Roberge (FASB Project Manager) will discuss the changes in the ways entities will account for securitizations and special purpose entities. FASB Statements No. 166, Accounting for Transfers of Financial Assets, and No. 167, Amendments to FASB Interpretation No. 46(R), were issued in June 2009 and will be effective in 2010.

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