Financial Performance Reporting 2024: Changes To Know

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  • Date/Time
    • Feb 19, 2025
    • Sign In: 8:30am (MT)
    • Program: 9:00am - 12:30pm (MT)
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  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Accounting (4.00)
  • Prerequisites
    • Working knowledge of financial statements and how to read them.

  • Vendor
    • California CPA Education Foundation
  • Level
    • Intermediate
  • Fields of Study
    • Accounting

Description

In July 2010 FASB issued a draft Exposure Draft on Financial Statement Presentation. This document proposed significant changes to the Balance Sheets, Income Statements and Statements of Financial Position for all companies. Major push-back from Corporate America encouraged the removal of this topic from FASB's active agenda and its conversion to a research project entitled Financial Performance Reporting. The project still has life. This course reviews the current conditions that resulted in this unusual proposal and its initial reception by the financial reporting community. Although FASB has not established a timeframe for the issuance of a final pronouncement, the approach presented offers a unique alternative to financial reporting. Join us in a dynamic and thought-provoking session as we learn to think differently about financial reporting. For a full discussion of this topic, consider Financial Reporting Changes in Greater Detail as an add-on to this course.

  • Presenters - William F. O'Brien
  • Designed For

    Designed For: CFOs, controllers and other financial managers.
  • Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Director; Executive/VP; C-Suite; Sole Practitioner
  • Objectives

    • Review the content of the proposed reformatted financial statements
    • Understand what led to these changes

    Highlights

    • Reformatted financial statements overview
    • Status of accounting's perfect storm
    • Four cases

    Advanced Prep

    None

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    Leaders

    CALCPE Panel

    No Biography Available

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