FASB Codification - Preparing for the Transition
On July 1, the FASB's Accounting Standards Codification is slated to become the single authoritative source for U.S. GAAP, combining and replacing the jumbled mix of accounting standards that have evolved over the last 50+ years.  While not intended to change U.S. GAAP, the Codification significantly changes the way in which accounting literature is organized. It will now be organized by accounting topic and this should enable users to more quickly identify the guidance that applies to a specific accounting issue.  As a result of its organization and it being fully electronic, it is expected to streamline accounting research.  However, since the Codification will completely replace existing standards, the Codification will affect the way companies reference U.S. GAAP in their financial statements and accounting policies.  

What do you need to know?  What does this mean for you and your company?  What should you and your company be doing now to prepare?...Join PwC on Tuesday, May 19, 2009 at 1pm EDT for a 60-minute webcast designed to help you and your company prepare for the upcoming transition.  The webcast will present an overview of the Codification as well as its functionalities, what you need to do now, and other practical advice on this change, which is just around the corner. 

Who should attend?  Audit Committee Members, CFO's, Controllers, Finance Directors, SEC Counsel, Investor Relations and others with a role in accounting and financial reporting.

CPE Credit: This webcast will qualify for 1 CPE credits.

Please note that CPE credit can only be given to individuals who remain logged into the LIVE webcast and respond to the polling questions provided during the webcast. If you are viewing this webcast in a group, everyone in the group can receive CPE Credit.  Also, those who dial in via telephone are NOT eligible for CPE credit. Please note that this is a NASBA (not PwC) requirement.

Register today. To register for this event, please click on the "Register" button or link. Once you register, you will receive a confirmation email with a link and access instructions for joining the webcast.