MEDIA ADVISORY 06/08/11
Registration Is Now Open for June 22 Webcast, IN FOCUS: How to Use the XBRL 2011 US GAAP Financial Reporting Taxonomy
Norwalk, CT, June 8, 2011—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: How to Use the XBRL 2011 US GAAP Financial Reporting Taxonomy. This live webcast, offered free of charge, will take place on Wednesday, June 22, from 1:00 to 2:00 p.m. EDT. Participants in the live broadcast will be eligible for up to 1 hour of CPE credit.The webcast will feature J. Louis Matherne, FASB chief of taxonomy development, Christine Tan, FASB XBRL project manager, and Susan Yount, Office of Interactive Data, U.S. Securities and Exchange Commission (SEC). They will focus on how to use the soon-to-be-released Taxonomy Online Review and Comment System’s search and navigation functions to efficiently find the tags that meet the SEC’s filer requirements. The areas covered will include:
- Navigating the taxonomy
- Considerations for tag selection
- Understanding tag relationships and how to use the network views
- Using advanced search and shared search functions to find relevant tags
- Quickly finding certain types of tags
- Understanding when to use industry entry points
- Finding tags using the Accounting Standards Codification
- Using specialized labels to find tags
- Providing feedback on the Development and Accounting Standards Update Taxonomies.
An archive of the webcast will be available on the FASB website through September 21, 2011 (CPE credit will not be available to those who view only the archived webcast).
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.