Media Advisory 04-28-21
Registration Opens for June 14 FASB Webcast
for Private Companies & Not-for-Profit Organizations
Participants in Live Webcast Eligible for Up to 2.5 CPE Credits
Norwalk, CT, April 28, 2021—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 Monday, June 14, 2021, from 1:00 to 3:05 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 2.5 hours of Continuing Professional Education (CPE) credit. (CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature FASB Members Christine Botosan and Gary Buesser; Private Company Council (PCC) Member Yan Zhang; FASB Assistant Director—Nonpublic Entities Jeff Mechanick; FASB Supervising Project Manager Jenifer Wyss; and FASB Postgraduate Technical Assistants Rachel Daniel and Lauren Reno.
Topics of discussion will include:
- Overview of FASB’s current agenda, status of certain projects, and the relationship of the FASB’s current agenda to its mission
- FASB’s agenda consultation process
- Current issues in financial reporting, including FASB’s COVID-19-related activities and responses to specific COVID-19-related issues raised by stakeholders such as borrower's accounting for debt restructuring and modifications, and reporting of COVID-19-related Federal assistance
- PCC/private company efforts
- Not-for-profit update
- Update on recently issued standards
- Update on FASB current projects including the goodwill and intangible assets project
- Update on post-implementation review activities related to revenue recognition, leases, and credit losses
- Reminder about upcoming effective dates of other standards
- Audience question-and-answer session.
For more information about the webcast, visit www.fasb.org.