FASB Webcast and Webinar Series
IN FOCUS: FASB’s New Standard on Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity
Date: Tuesday, October 20, 2020
Time: 2:00–3:00 p.m. Eastern Daylight Time
Program Description: The Financial Accounting Standards Board (FASB) is pleased to announce its webcast that provides an overview of the recently issued Accounting Standards Update (ASU) No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The webcast will cover the following topics:
- The purpose and scope of the amendments
- Overview of amendments to the guidance for:
- Convertible instruments
- Derivatives scope exception
- Diluted earnings per share calculation
- Transition, effective date, and implementation resources
- Audience question-and-answer session.
At the end of this program, participants will be able to:
- Have a broad understanding of the amendments and how they reduce complexity and improve comparability of financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity
- Have a broad understanding of the transition and effective date of the ASU.
Field of Study: Accounting
Delivery Method: Group-internet based
Program Level: Overview
Program Prerequisites: None
Advanced Preparation Needed: None
Recommended CPE: 1.0 hours; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.
Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by email as soon as possible if the course is cancelled for any reason.
Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact CPEDirector@fasb.org.
Official National Registry of CPE Sponsors' Statement
The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/cpas/complaints.
NASBA National Registry of CPE Sponsors—Sponsor License Number 107522
Texas Sponsor Number 000016