IN FOCUS FASB Update for Nonpublic Entities

FASB Webcast and Webinar Series

IN FOCUS: FASB Update for Nonpublic Entities

Date: Friday, June 17, 2011

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

The Financial Accounting Standards Board (FASB) of the Financial Accounting Foundation (FAF) is pleased to announce an upcoming webcast focused specifically on issues of importance to nonpublic entities. FASB members Daryl Buck and Larry Smith and FASB staff members Jeff Mechanick, Ron Bossio, and Paul Glotzer will provide an overview of:

  • The FAF’s strategic review of standards setting for nonpublic entities
  • The FASB’s recent process changes made to broadly engage nonpublic stakeholders in standards setting
  • Progress on the FASB-IASB convergence program, and
  • Other active projects or recently issued standards of interest to nonpublic entities.
Learning Objectives: At the end of this program, participants should understand why and how the FAF is undertaking a strategic review of standards setting for nonpublic entities and its relationship to the work of the Blue-Ribbon Panel. They should be able to explain the many ways that nonpublic entities can monitor and get involved in the standards-setting process. Participants will learn about the FASB and IASB’s convergence plans, in particular, their plans for completing the major joint projects on revenue recognition, leasing, and financial instruments. Participants also should be able to explain how other recently issued standards or active projects will affect financial reporting by nonpublic entities. 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 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.

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

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. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are granted based on a 50-minute hour. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Website:

NASBA National Registry of CPE Sponsors—Sponsor License Number 107522