IN FOCUS: 2018 GAAP Financial Reporting Taxonomy/Shared Reporting Taxonomy Proposed Improvements and SEC Update

Tue, Oct 3, 2017 1:01 PM EDT{LOCAL_TZ}

FASB Webcast and Webinar Series

IN FOCUS: 2018 GAAP Financial Reporting Taxonomy/Shared Reporting Taxonomy Proposed Improvements and SEC Update

Date: Tuesday, October 3, 2017

Time: 1:00–2:30 p.m. Eastern Daylight Time

Program Description: The Financial Accounting Standards Board (FASB) is pleased to announce an upcoming webcast that will discuss proposed improvements to the 2018 GAAP Financial Reporting Taxonomy Release (2018 Taxonomy Release) for recently issued FASB Accounting Standards Updates (ASUs) and other projects; as well as the new for 2018 Shared Reporting Taxonomy. In addition, the U.S. Securities and Exchange Commission (SEC) staff will provide an update.


Louis Matherne, FASB Chief of Taxonomy Development
Donna Johaneman, FASB Supervising Project Manager, XBRL
David Shaw, FASB Project Manager, 
Vickie Lusniak, FASB Manager, Communication Liaison & Education Support, XBRL
Mike Willis, Assistant Director, Office of Structured Disclosure, SEC
Kimberly Earle, Associate Chief Accountant, Office of Structured Disclosure, SEC

Participants will have the opportunity to email questions to the panelists before and during the event.

Learning Objectives: Through this session, participants will gain a better understanding of how the proposed improvements in the 2018 Taxonomy Release will affect registrant XBRL filings. Participants also will gain insight into expected changes as a result of ASUs, topical projects, and new structural components to assist in usability. The agenda will include:
  • Update from the SEC staff
  • Proposed changes to the 2018 Taxonomy for:
    • New ASU, including Financial Instruments
    • Topical projects for Retirement Benefits and Fair Value
    • Structural changes including new reference roles and revenue remodeling
    • New Shared Reporting Taxonomy

Delivery Method: Group-internet based

Program Level: Overview

Program Prerequisites: None

Advanced Preparation Needed: Participants are encouraged to review the 2018 GAAP Financial Reporting Taxonomy Release (available at They are also encouraged to review the supporting materials listed on the FASB Taxonomy page at

Recommended CPE and Field of Study: 1.8 hours; Specialized Knowledge and Applications; final CPE earned will be determined on the basis of 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 the polling and duration requirements per the National Association of State Boards of Accountancy (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

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:
 NASBA National Registry of CPE Sponsors—Sponsor License Number 107522
 Texas Sponsor Number 000016

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