Webinar (CA): A New Way to Look at Financial Reporting

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.

Learning Objectives

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

Major Topics

• Reformatted financial statements overview.
• Status of accounting’s perfect storm.
• 4 cases.

Provider
California CPA Education Foundation
Course Level
Intermediate
CPE Field of Study
Accounting
4
Who Should Attend

CPAs.

Instructor(s)
Bill O'Brien
Prerequisites

None

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Sep 14, 2021
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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Webinar (CA): A New Way to Look at Financial Reporting


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