Total Credits: 4 including 4 Accounting - Technical
Many financial professionals are aware of the pending changes in US GAAP surrounding FASB’s high priority issues such as revenue recognition and lease accounting. However, most financial statement users are not aware that the form and content of the primary financial statements may change as a result of the FASB-IASB convergence project associated with Financial Reporting Performance.
This reformatting of the basic financial statements as many of us know them will result in significant measurement and systems modification. In addition, enterprise-wide user re-education will be mandatory.
As we go to print, the FASB has reclassified this topic as a FASB Research Project. Both Boards plan to resume deliberation after the priority convergence items are fully addressed. Due to this deferral, the risk all companies face is the failure to pay attention to the impact of these proposed changes. Now is not the time to be complacent!
*Initial Pre-test of the subject matter
*Current directions in the RFS segment of the convergence project
*A detailed review of the primary financial statements and recommended new disclosures of the RFS.
*Overview of the remaining differences in the draft exposure draft.
*A look at the operating impact of the these changes.
*Some thoughts on steps you can immediately implement.
*Post-test of subject matter and hands-on exercises aimed at personal agendas for success
*Questions and answers.
Proposed FS (1.33 MB) | Available after Purchase |
Important CPE Credit Information 2015 (0.02 MB) | Available after Purchase |
Slide Handouts (1.65 MB) | Available after Purchase |
WILLIAM F. O’BRIEN, MBA, CPA, is a financial management consultant and educator with over 40 years of experience. He has held senior financial management positions with Intel Corporation and ROLM Corporation and served as CFO for several emerging high technology companies. Mr. O’Brien has extensive experience in corporate planning, financial analysis, cash management and managerial accounting in both domestic and international settings. He has served on the faculties of Santa Clara University and San Jose State University and is a frequent financial seminar speaker in both the U.S. and abroad.
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07/22/2015
CPAs in practice and Members in Industry
08/05/2015
Knowledge of current events in the financial reporting field.
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Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Group Internet Based
Business Professionals' Network, Inc. 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
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