News Release 08/15/16
REGISTRATION OPENS FOR SEPTEMBER 15 FASB/IASB WEBCAST ON
REVENUE RECOGNITION IMPLEMENTATION
U.S. Participants in Live Webcast Eligible for Up to 1 CPE Credit
Norwalk, CT, August 15, 2016—Registration now is open for an upcoming Financial Accounting Standards Board (FASB) joint webcast with the International Accounting Standards Board (IASB) that looks at implementation of the requirements in Revenue from Contracts with Customers (FASB Accounting Standards Codification Topic 606 and IFRS 15). IN FOCUS: Implementation Update on Revenue from Contracts with Customers will take place on Thursday, September 15, 2016, from 11:00 a.m. to 12:00 p.m. Eastern Daylight Time.
U.S. participants in the live broadcast (which is offered at no cost to those who preregister) will be eligible for up to 1 hour of Continuing Professional Education (CPE) credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature FASB Vice Chair Jim Kroeker; IASB Member Mary Tokar; IASB Director of Implementation and Adoption Activities Henry Rees; FASB Assistant Director Cullen Walsh; and FASB Supervising Project Manager Mary Mazzella. Topics of discussion will include:
- An overview of the revenue model
- An update on recent implementation activities, including standard setting and the Transition Resource Group for Revenue Recognition
- Resources available to help with implementation questions
- Audience question-and-answer session.
An archive of the webcast will be available on the FASB website through December 14, 2016. (CPE credit will not be available to those who view only the archived webcast.)
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.