IN FOCUS: FASB Update for Private Companies on Revenue from
Contracts with Customers
Participants in Live Webcast Eligible for Up to 2 CPE Credits
Norwalk, CT—October 23, 2018—Registration is now open for an upcoming Financial Accounting Standards Board (FASB) webcast geared toward helping private companies implement the revenue recognition standard. IN FOCUS: FASB Update for Private Companies on Revenue from Contracts with Customers will take place on
Tuesday, December 18, 2018, from 1:00 to 2:40 p.m. Eastern Standard Time.
Participants in the live broadcast (offered free of charge) will be eligible for up to 2 hours of Continuing Professional Education (CPE) credit. (CPE credit is not available for group viewing of the live broadcast.)
The webcast will feature FASB Member Marsha Hunt, Private Company Council Member Jeremy Dillard, FASB Senior Project Manager Mary Mazzella, and FASB Senior Project Manager and Private Company Council Coordinator Michael Cheng.
The areas covered will include:
- An overview of the revenue model
- An update on recent implementation activities and issues that
relate to private companies
- Resources available to help with implementation questions
- Disclosures and transition, and
- An audience question-and-answer session.
Webcast participants are encouraged to read Topic 606, Revenue from Contracts with Customers, prior to the session. Information about Topic 606—including the original ASU, recent amendments, and educational materials—is available through the FASB implementation portal.
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.)
For more information about the webcast, including the course description and registration page, visit www.fasb.org.
About the Financial Accounting Standards Board
Established in 1973, the FASB is the independent, private-sector organization, based in Norwalk, Connecticut, that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP). The FASB is recognized by the Securities and
Exchange Commission as the designated accounting standard setter for public companies. FASB standards are recognized as authoritative by many other organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). The FASB develops and issues financial accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to investors and others who use financial reports. The
Financial Accounting Foundation (FAF) supports and oversees the FASB. For more information, visit www.fasb.org.