Educational Webcasts and Webinars
IN FOCUS: GASB’s Invitation to Comment on Revenue and Expense Recognition Webinar
Date: March 14, 2018
Time: 2:00–3:00 PM, Eastern Daylight Time
The Governmental Accounting Standards Board (GASB) has issued for public feedback an Invitation to Comment (ITC) on the development of a comprehensive revenue and expense recognition model for state and local governments. The ITC is intended to obtain feedback from stakeholders on potential financial reporting alternatives at an early stage of the project. The purpose of this webinar is to inform stakeholders about the issues raised in the ITC. The webinar will include the following:
- An overview of the Revenue and Expense Recognition project
- An in-depth review of the two models presented in the ITC: (a) the exchange/nonexchange model and (b) the performance obligation/no performance obligation model.
- Audience question-and-answer session
Learning Objectives: At the end of this program, participants will be able to broadly understand the two revenue and expense recognition models included in the ITC, including:
- Elements of a revenue and expense recognition model
- Differences and similarities of the models presented and current practice
- Potential challenges and benefits of the two models included in the ITC.
Delivery Method: Group-internet based
Program Level: Overview
Program Prerequisites: None.
Advanced Preparation Needed: None. Participants may wish to read the Invitation to Comment, Revenue and Expense Recognition, prior to the webcast.
Recommended CPE: 1.0 hour; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course, including completing the survey. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.
Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by e-mail as soon as possible if the course is cancelled for any reason.
Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact CPEDirector@gasb.org.
Official National Registry of CPE Sponsor’s Statement
The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBAregistry.org/cpas/complaints.
NASBA National Registry of CPE Sponsors—Sponsor License Number 107522
Texas Sponsor Number 000016