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!
Do not wait until it is too late. Take advantage to begin your reformatted financial statement planning process now!
Who Stole My Balance Sheet_Handout (1.66 MB) | Available after Purchase |
Who Stole My Balance Sheet_Slides (1.65 MB) | Available after Purchase |
Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase |
Who Stole My Balance Sheet_Q&A (12.5 KB) | 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.
Knowledge of current events in the financial reporting field.
None
CPAs in practice and Members in Industry
05/04/2017
No
04/27/2017
Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
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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