FASB Webcast and Webinar Series

IN FOCUS: FASB update for nonpublic entities

Date: Wednesday, June 5, 2013

Time: 1:00–2:40 p.m. Eastern Daylight Time

Program Description:The Financial Accounting Standards Board (FASB) is pleased to announce its next semiannual webcast providing an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations. The areas covered will include:
  1. Update on recent Private Company Council (PCC) meetings, including upcoming proposals on potential alternatives within U.S. Generally Accepted Accounting Principles (GAAP)
  2. The Private Company Decision-Making Framework project and the related project reexamining the definition of a nonpublic entity
  3. The work of the FASB’s NFP Advisory Committee
  4. A brief overview of several projects in process, including:
    1. The FASB’s projects to improve NFP financial reporting
    2. The FASB-IASB projects on Leases, Revenue Recognition, and Accounting for Financial Instruments (focusing on latest developments)
    3. Other FASB projects of interest to private companies and NFP organizations.
  5. Some recently-issued Accounting Standards Updates.

Speakers: Russ Golden, FASB member; Hal Schroeder, FASB member; George Beckwith, Member, Private Company Council; Jeffrey Mechanick, FASB assistant director—nonpublic entities; Ronald Bossio, FASB senior project manager; Michael Cheng, FASB project manager; and Elizabeth Gagnon, FASB project manager.

Learning Objectives: At the end of this program, participants will understand the changes in the standard-setting structure and process for private companies, and have a general understanding of the latest developments in ongoing FASB projects affecting private companies and NFP organizations.

Participants will have the opportunity to email questions to the panelists during the event.

Registration: To register for this event, please use this link.

Delivery Method: Group-internet based

Program Level: Overview

Program Prerequisites: None

Advanced Preparation Needed: None

Recommended CPE: 2.0 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.learningmarket.org

NASBA National Registry of CPE Sponsors—Sponsor License Number 107522

Texas Sponsor Number 000016