NEWS RELEASE 10/31/12
Registration Opens for November 9 Webcast, IN FOCUS: Accounting for
Credit Losses on Financial Instruments
Norwalk, CT, October 31, 2012—Registration
is now open for the upcoming
Financial Accounting Standards Board (FASB) webcast, IN FOCUS: Accounting
for Credit Losses on Financial Instruments.
This live webcast,
offered free of charge, will take place on Friday, November 9, 2012, from 1:00
to 2:15 p.m. EST. Participants in the live broadcast will be eligible for
up to 1.5 hours of CPE credit. (Please note that CPE credit is not
available for group viewing of the live broadcast.)
The webcast will feature FASB member Larry Smith and practice fellow Steve
Kane providing an overview of the FASB's proposed accounting for credit losses
model, developed as part of its project to improve the accounting for financial
The areas covered in the webcast will include:
- The problem the FASB's project is attempting to address
- A history of the joint project on Accounting for Financial
- A comprehensive overview of the FASB's proposed expected loss model to
account for credit losses
- A discussion about common questions regarding the FASB's proposed
- Next steps in the process.
At the end of this program, participants will understand the Board's proposed
model for accounting for credit losses, how it seeks to address issues raised by
U.S. stakeholders, and next steps in the process.
An archive of the webcast will be available on the FASB website through
February 7, 2013. (CPE credit will not be available to those
who view only the archived webcast.) More information about the webcast is
available at www.fasb.org.