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22WC-0970: A New Way to Look at Financial Reporting (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Tuesday, December 13, 2022
Time 10:00am - 1:30pm
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Accounting - Technical (4.0)
Instructor William O'Brien, MBA, CPA
The Knowledge Institute, LLC
Fees
Standard Member Fee $149.00
Standard Nonmember Fee $199.00

Description

In July 2010 FASB issued a draft Exposure Draft on Financial Statement Presentation. This document proposed significant changes to the Balance Sheets, Income Statements and Statements of Financial Position for all companies. Major push-back from Corporate America encouraged the removal of this topic from FASB's active agenda and its conversion to a research project entitled Financial Performance Reporting. The project still has life. This course reviews the current conditions that resulted in this unusual proposal and its initial reception by the financial reporting community. Although FASB has not established a timeframe for the issuance of a final pronouncement, the approach presented offers a unique alternative to financial reporting. Join us in a dynamic and thought-provoking session as we learn to think differently about financial reporting. For a full discussion of this topic, consider Financial Reporting Changes in Greater Detail as an add-on to this course.

Who should take this program?

CFOs, controllers and other financial managers

Major subjects

  • Reformatted financial statements overview
  • Status of accounting's perfect storm
  • Four cases

Learning objective(s)

  • Review the content of the proposed reformatted financial statements
  • Understand what led to these changes

Notes:

Course code Code 22WC-0970
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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