Fasb Telephone Seminars

Accounting Endowments of Not-for-Profit Organizations After UPMIFA ...inancial Accounting Standards Board, in 2008, promulgated FASB Staff Position No. FAS 117-1. FSP FAS 117-1 provides guidance for nonprofits as to the proper classification of endowment funds when UPMIFA has been enacted and expands the required disclosure about endowment funds. The replacement of the prior legal restrictions of historic dollar value with the seven articulated standards of  more...

Understanding the GAAP Codification Update ...FASB Codification began on July 1, 2009. On that date the codification became the official single source of authoritative nongovernmental U.S. GAAP. The codification will be effective for interim and annual periods ending after September 15, 2009. The codification will supersede existing FASB, AICPA, EITF and related literature, which means there will no longer be a GAAP hierarchy. Instead,  more...

New Disclosures Required on the Credit Quality of Finance Receivables and the Allowance for Credit Losses under FASB ASU 2010-2 ...FASB issued ASU 2010-20 to require companies to provide significant new disaggregated disclosures about the credit quality of their financing receivables and the allowance for credit losses. This audio conference provides an overview of ASU 2010-20 and discusses the new disclosure requirements under this pronouncement. This ASU is not limited to financial institutions. It applies to all  more...

Accounting for Off-Balance Sheet Items Update ... these transactions and structures. In June of 2009, the FASB issued two major standards, SFAS 166 and 167, in an attempt to address these concerns. SFAS 166 strengthens the sale accounting requirements for transactions involving transfers of financial assets, such as receivables and loans. SFAS 167 addresses perceived shortcomings and abuses relating to the consolidation rules for SPEs and  more...

FASB Statement 157 - Fair Value Update on Corporate Asset Valuation BenefitsDuring the past 24 months we've seen unprecedented volatility in the financial services industry, capital markets, and global economy. While implementing changes mandated by FAS 157 (ASC 820) has been challenging for many companies - the rule aims to make it easier to communicate value to shareholders. This teleconference will provide an overview of FAS 157 (ASC 820) guidelines, including  more...

FASB Statement 109: Impacts on Your Financial Statements BenefitsThe teleconference will update the Tax Department personnel with knowledge of the latest tax accounting rules and learn how the latest FAS pronouncements can affect the preparation and review of 2009 income tax provision. Accountants, controllers, CFOs, tax managers and officers, presidents, vice presidents, business owners and managers, financial planners, bankers, business analysts,  more...