Upcoming FASB webcast for private companies and nonprofit organizations

Registration is now open for an upcoming webcast that will provide a semi-annual update on FASB’s standard-setting activities pertaining to private companies and nonprofit organizations.

The webcast, IN FOCUS: FASB Update for Private Companies and Not-for-Profit Organizations, will take place on Monday, June 15, 2020, 1pm – 2:40pm ET.

Participants in the live broadcast (which is offered free of charge to those who preregister) will be eligible for up to 2 hours of CPE credits. (Note: CPE credit is not available for group viewing of the live broadcast.)

The webcast will feature FASB Vice Chairman Jim Kroeker; FASB Member Hal Schroeder; PCC Member Rick Reisig; FASB Assistant Director—Nonpublic Entities Jeff Mechanick; FASB Supervising Project Manager Jenifer Wyss; and FASB Postgraduate Technical Assistants Frazer Mulugeta and Autumn Zobrist. 

Topics of discussion include:

  • Overview of FASB’s COVID-19-related activities

  • Overview of FASB’s current agenda/effective dates of major standards

  • Update on revenue recognition, leases, and credit losses implementation activities

  • Update on current agenda projects, including distinguishing liabilities and equity, and goodwill and intangible assets

  • Private Company Council (PCC)/private company efforts

  • NFP update

  • FASB’s responses to specific COVID-19-related issues raised by stakeholders including, for example, accounting for lease concessions, fair value measurement, and certain CARES Act programs

  • Other recently issued standards and noteworthy ongoing projects

  • Audience question-and-answer session

An archive of the webcast will be available on the FASB website after the live event. (CPE credit will not be available to those who view only the archived webcast.)

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