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IN FOCUS: 2018 GAAP And SEC Reporting Taxonomies Improvements, Including New Revenue Modeling, and SEC Update

Tue, Apr 3, 2018 1:02 PM EDT{LOCAL_TZ}

IN FOCUS: 2018 GAAP And SEC Reporting Taxonomies Improvements, Including New Revenue Modeling, and SEC Update
Date: Tuesday, April 3, 2018

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 improvements to the 2018 GAAP Financial Reporting Taxonomy (2018 Taxonomy) for recently issued FASB Accounting Standards Updates (ASUs) and revenue modeling, as well as the new 2018 SEC Reporting Taxonomy. In addition, the U.S. Securities and Exchange Commission (SEC) staff will provide an update.



Speakers:
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Louis Matherne
Chief of Taxonomy Development
FASB
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Donna Johaneman
Senior Project Manager–XBRL
FASB
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David Shaw
XBRL–Project Manager
FASB
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Victoria Lusniak
Manager–XBRL Communication Liaison & Education Support
FASB
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Elena Kirillova
Assistant Project Manager–XBRL
FASB
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Mike Willis
Assistant Director, Office of Structured Disclosure
SEC



Speaker Bios

Learning Objectives:Through this session, participants will gain a better understanding of how improvements in the 2018 Taxonomy will affect registrant XBRL filings. Participants also will gain insight into expected improvements as a result of ASUs, topical projects, and new structural components to assist in usability.  The agenda will include:
  • Update from the SEC staff
  • Improvements to the 2018 Taxonomy for:
    • New ASUs
    • New structures including an explanation of the new reference roles and how to use extensible lists
    • Revenue modeling to eliminate inconsistent modeling and multiple ways of tagging and to reduce low-use elements
    • Improvements to the FASB exposure process to align with ASU exposure, for example, ASU No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.
Participants will have the opportunity to submit questions to the panelists during the event.
Delivery Method: Group-internet basedProgram Level: OverviewProgram Prerequisites: NoneAdvanced Preparation Needed: Participants are encouraged to review the 2018 GAAP Financial Reporting Taxonomy (available at http://www.fasb.org). They also are encouraged to review the supporting materials listed on the FASB Taxonomy page at www.fasb.org.Recommended CPE: 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 as 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 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.NASBAregistry.org/cpas/complaints.

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




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