MEDIA ADVISORY 02/22/11

Register Now for FASB February 24 Webcast, XBRL 2011 Taxonomy Overview

Viewers are encouraged to submit webcast questions in advance via e-mail

Norwalk, CT, February 22, 2011—The Financial Accounting Standards Board (FASB) today announced it will host XBRL 2011 Taxonomy Overview, a live, one-hour webcast beginning at 1:00 p.m. EST on Thursday, February 24. The webcast will cover what public company financial report preparers need to know about using the Taxonomy, a list of computer-readable tags in eXtensible Business Reporting Language (XBRL) that allows companies to label precisely the thousands of pieces of financial data that are included in typical long-form financial statements and related footnote disclosures.

The webcast will be moderated by FASB Assistant Director Peter C. Proestakes. Panelists include Susan Yount of the U.S. Securities and Exchange Commission, FASB Chief of Taxonomy Development J. Louis Matherne, and FASB XBRL Project Manager Christine Tan.

Webcast audience members are encouraged to submit questions prior to the webcast by e-mailing them to clklimek@f-a-f.org. Viewers will also have the opportunity to submit questions using a special e-mail address during the live webcast.

The live webcast is offered free of charge to those who preregister. Registration is also available at www.fasb.org. Preregistered viewers will be provided with a link where they can access the webcast a few minutes prior to its live airing.

An archive of the webcast will be available for continued access by the public at www.fasb.org.


About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.