1PM EDT Thursday, April 2, 2020 (90 Minutes / 1.8 CPE )
FASB Webinar hosted by FASB || Register for this Free Event

The agenda will include:

  • An update from the SEC staff
  • Discussion of the application of the Taxonomy for Accounting Standards Updates (ASUs) that are effective this year, in particular, Credit Losses.
  • Improvement in modeling in the areas of:
    • How to tag accounting changes
    • Variable Interest Entities and Equity Method Investments
    • Retirement Benefits—Phase 3
    • Categorization of references to improve element selection.
  • Post-Implementation changes to Taxonomy Implementation Guides, including Leases under Topic 842 and Revenue from Contracts with Customers under Topic 606.
  • Introduction to the new 2020 XBRL US DQC Rules Taxonomy.
  • Discussion of XBRL data in use.

Speakers: Louis Matherne, FASB Chief of Taxonomy Development, and other FASB Taxonomy staff; Sandy Peters, Senior Head, Global Financial Reporting Policy Group, CFA Institute; Mike Willis, Assistant Director, Office of Structured Disclosure, U.S. SEC; and Julie Marlowe, Senior Staff Accountant, Office of Structured Disclosure, U.S. SEC.

Advanced Preparation Needed: Participants are encouraged to review the 2020 GAAP Financial Reporting Taxonomy (available at http://www.fasb.org). They also are encouraged to review the supporting materials listed on the FASB Taxonomy page.