MEDIA ADVISORY 12/1/11

Registration Opens for December 8 Webcast, IN FOCUS: Understanding the Exposure Draft, Revenue from Contracts with Customers

Norwalk, CT, December 1, 2011—Registration is now open for the upcoming joint webcast of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) webcast, IN FOCUS: Understanding the Exposure Draft, Revenue from Contracts with Customers. This live webcast, offered free of charge, will take place on Thursday, December 8, 2011, from 10:00 to 11:00 a.m. EST. Participants in the live broadcast will be eligible for up to 1 hour of CPE credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature FASB member Daryl Buck, Prabhakar Kalavacheria, a member of the International Accounting Standards Board (IASB), FASB Project Manager Kenny Bement, and Glenn Brady, senior technical manager with the IASB, discussing the key proposed changes to accounting for revenue recognition from contracts with customers. Topics will include the five steps that are fundamental to the proposed standard, as well as how stakeholders can provide input on the joint proposal. Viewers will have the opportunity to email questions to the speakers during the event.

An archive of the webcast will be available on the FASB website through Tuesday, March 6, 2012. (CPE credit will not be available to those who view only the archived webcast.) More information about the webcast is available 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.