IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations

Fri, Dec 15, 2017 1:00 PM EST{LOCAL_TZ}

IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations
Date:  Friday, December 15, 2017
Time:  1:00–2:40 p.m. Eastern Standard Time

The Financial Accounting Standards Board (FASB)  is pleased to announce its next semiannual webcast providing an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations.  The areas covered will include:
  1. Overview of FASB’s current agenda
  2. Private Company Council (PCC) efforts
  3. Update on Revenue Recognition, Financial Instruments, and Leases
    implementation activities
  4. Other recently-issued standards and noteworthy ongoing projects
  5. Audience question-and-answer session.


Speakers:
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Marsha Hunt
FASB Member

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Harold Monk
FASB Member

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Jeffrey Mechanick
FASB Assistant Director-Nonpublic Entities

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Michael Cheng
FASB Supervising Project Manager

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Richard Cole
FASB Supervising Project Manager




Speaker Bios
Learning Objectives: At the end of this program, participants will be able to:
  1. Obtain a general understanding of the FASB’s current agenda priorities, and list projects recently added to/removed from the FASB’s agenda
  2. Understand current and upcoming areas of discussion for the PCC
  3. Identify the key provisions of the upcoming final ASU for Phase I of the FASB’s Not-For-Profit Financial Statements project
  4. List 2-4 FASB simplification projects
  5. Understand the FASB’s efforts to ensure successful transition to the new Revenue Recognition, Leases, Financial Instruments and other projects
  6. Obtain a general understanding of other recently-issued ASUs and noteworthy ongoing projects
Delivery Method:  Group-internet based Program Level: Overview Program Prerequisites: None Advanced Preparation Needed: None Recommended CPE: 2.0 hours; final CPE earned will be determined based on 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 polling and duration requirements as per 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 CPEDirector@fasb.org. 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: www.learningmarket.org.
NASBA National Registry of CPE Sponsors—Sponsor License Number 107522
Texas Sponsor Number 000016

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