IN FOCUS: FASB’s Proposed Changes to the Not-for-Profit Financial Statement Model

Date: Tuesday, May 12, 2015

Time: 1:30–3:10 p.m. Eastern Daylight Time

Program Description: The Financial Accounting Standards Board (FASB) is pleased to announce an educational webcast on its proposed Accounting Standards Update, Presentation of Financial Statements of Not-for-Profit Entities. The areas covered will include:

1. Background, objectives, and scope of the project
2. Key improvements being proposed, and the underlying thinking behind them
3. The feedback that the FASB is seeking and the various means of providing it
4. A question & answer period.

Speakers: Larry Smith, FASB member; Jeff Mechanick, FASB Assistant Director and Chairman—FASB Not-for-Profit Advisory Committee; and Rick Cole, FASB Supervising Project Manager.

Learning Objectives: At the end of this program, participants will have a general understanding of the key changes being proposed, why they should weigh in on the proposals, and how they can share their views.

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 and Field of Study: 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