NORWALK, Conn.--(BUSINESS WIRE)--Registration 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 14, 2015, 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) credits. (Please note that CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature Hal Schroeder, FASB member; Larry Smith, FASB member; Jeff Mechanick, FASB assistant director—nonpublic entities; Mike Cheng, FASB supervising project manager; Rick Cole, FASB supervising project manager; and Ryan Egan, FASB project manager, discussing the following topics:
1. An overview of the FASB’s current agenda
2. A discussion on the FASB’s upcoming agenda consultation paper and the Board’s future agenda
3. FASB simplification projects
4. Activities of the Private Company Council (PCC), including key issues and PCC input on FASB agenda projects
5. Not-For-Profit update
6. Implementation activities related to the FASB’s Revenue Recognition standard
7. Update on other FASB joint projects with the IASB (Financial Instruments, Leases)
8. Business Combinations projects
9. Disclosures by Business Entities about Government Assistance
10. Audience question-and-answer session.
An archive of the webcast will be available on the FASB website through March 13, 2016. (CPE credit will not be available to those who view only the archived webcast.)
For more information about the webcast, visit 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.