MEDIA ADVISORY 09/19/11
Registration Is Now Open for October 4 Webcast, IN FOCUS: Summary of Changes for the Proposed 2012 Taxonomy and Using XBRL TablesNorwalk, CT, September 19, 2011—Registration is now open for the upcoming Financial Accounting Standards Board (FASB) webcast, IN FOCUS: Summary of Changes for the Proposed 2012 Taxonomy and Using XBRL Tables. This live webcast, offered free of charge, will take place on Tuesday, October 4, from 1:00 to 2:30 p.m. EDT. Participants in the live broadcast will be eligible for up to 1.5 hours of CPE credit.
The webcast will feature J. Louis Matherne, FASB chief of taxonomy development, Christine Tan, FASB XBRL project manager, and Susan Yount, Office of Interactive Data, U.S. Securities and Exchange Commission (SEC). The areas they cover will include:
- Summary of major changes to the proposed 2012 taxonomy
- Accounting Standards Updates released in 2011
- Expanded disclosures for common reporting practices
- Updated modeling to improve usability and consistent application
- New navigation tools to identify changes more quickly
- Guidance for using XBRL Tables, with a focus on:
- Statement of Shareholders’ Equity
- Subsequent Events Disclosure.
An archive of the webcast will be available on the FASB website through January 3, 2012 (CPE credit will not be available to those who view only the archived webcast).
About the Financial Accounting Standards Board
Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.