News Release 12/02/14

Registration Opens for December 15 FASB Webcast for Private Companies & Not-for-Profit Organizations

Participants in Live Webcast Eligible for Up to 2 CPE Credits

Norwalk, CT—December 2, 2014Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webcast that provides an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations. IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations will take place on Monday, December 15, 2014, from 1:00 to 2:40 p.m. EST.

Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 2 hours of Continuing Professional Education (CPE) credit. (Please note that CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature James L. Kroeker, FASB vice chairman; Thomas J. Linsmeier, FASB member; Mark Ellis, Private Company Council (PCC) member; Jeffrey D. Mechanick, FASB assistant director—nonpublic entities; Michael K. Cheng, FASB project manager; and Richard A. Cole, FASB project manager, discussing the following topics:
  1. An overview of the FASB’s current agenda
  2. Activities of the PCC, including a final alternative within Generally Accepted Accounting Principles (GAAP) on intangible assets, and related FASB simplification efforts
  3. Other FASB simplification projects
  4. Update on the FASB’s Not-for-Profit Financial Statements project
  5. Implementation activities related to the FASB’s Revenue Recognition standard
  6. Updates on the Leases and Accounting for Financial Instruments projects (focusing on latest developments and next steps), and other FASB projects of note
  7. Some recently issued Accounting Standards Updates (ASUs), and
  8. A question-and-answer session.

An archive of the webcast will be available on the FASB website through March 15, 2015. (CPE credit will not be available to those who view only the archived webcast.)

For more information about the webcast, log on to

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