FMN Accounting  |  Format: Flash

Accounting Change Disruption: The Role of FASB

Course Overview
After a deluge of guidance on high-impact accounting issues, the Financial Accounting Standards Board has embarked on a simplification initiative that may reduce cost and complexity in financial reporting, while maintaining or improving the quality of information reported to investors. Our cameras were on-hand at the FEI�s Current Financial Reporting Issues conference, as two FASB board members - Marc Siegel and Marsha Hunt - provided a candid appraisal of where the accounting standard setter has been and where it is going.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Identify the objectives of the FASB�s simplification initiative;
  • Recognize the FASB�s considerations when deciding to add to its agenda;
  • Identify the steps FASB took with regards to the revenue recognition transition resource group; and
  • Recognize the role of the FASB�s conceptual framework.

    Catalog Number: FMN1236-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in financial reporting or accounting, or an introductory course in accounting.
    Course Level: Update
    Field of Study: Accounting
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Jan 10, 2018 / Aug 13, 2019