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FASB Update for Private Companies and Not-for-Profit Organizations Webcast
June 15, 2016
By Brian Collins
The Financial Accounting Standards Board is offering a webcast to provide an update on the FASB’s standards projects pertaining to private companies and not-for-profit organizations. The webcast, In Focus: FASB Update for Private Companies and Not-for-Profit Organizations, will take place on Monday, June 20, 2016 from 1:00 to 2:40 p.m. The webcast is being offered free of charge to those who preregister. Participants will also be eligible for up to 2 hours of Continuing Professional Education (“CPE”) credits.
It’s expected that the FASB will discuss the Not-for-Profit Financial Reporting: Financial Statements Project. The project objective is to reexamine existing standards for financial statements presentation by not-for-profits with a focus on:
Net asset classification requirements
Information provided in financial statements and notes about liquidity, financial performance and cash flows.
The areas to be covered during the webcast include:
Overview of FASB’s current agenda
Private Company Council (“PCC”) efforts
Not-for-profit update
FASB simplification and Disclosure Framework projects
Revenue Recognition implementation activities
Update on the Financial Instruments and Leases ASUs and projects
Audience question-and answer session.
If you are unable to listen on the live webcast on June 20, an archive of the webcast will be available on the FASB website through September 17, 2016.
EisnerAmper will also be hosting a webinar on September 22, 2016 from noon to 1 pm on the latest coming out of the FASB on the Accounting Standards Update (ASU) No. 2015-230, Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. Registration for the webinar will be available in August—watch for more information in this blog.
Brian Collins is an Audit Senior Manager with over 15 years of public accounting experience. He performs outsourced accounting services, audit, review, compilation, and tax services for a wide range of clients in various industries, including not-for-profits.
“EisnerAmper” is the brand name under which EisnerAmper LLP and Eisner Advisory Group LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. EisnerAmper LLP is a licensed CPA firm that provides attest services, and Eisner Advisory Group LLC and its subsidiary entities provide tax and business consulting services.
“EisnerAmper” is the brand name under which EisnerAmper LLP and Eisner Advisory Group LLC provide professional services. EisnerAmper LLP and Eisner Advisory Group LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. EisnerAmper LLP is a licensed independent CPA firm that provides attest services to its clients, and Eisner Advisory Group LLC and its subsidiary entities provide tax and business consulting services to their clients. Eisner Advisory Group LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the EisnerAmper brand are independently owned and are not liable for the services provided by any other entity providing services under the EisnerAmper brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by EisnerAmper LLP and Eisner Advisory Group LLC.