Financial Performance Reporting 2024: Changes To Know

Thursday, April 17, 2025
Webcast or Webinar, Online
11:00AM - 2:30 PM (opens at 10:30AM) EST
4Credits

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$159.00 Regular Price
Non-Members
$209.00 Regular Price

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$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 25/2126392
Level: Intermediate
Vendor: California CPA Education Foundation
Field of Study: Accounting

Overview:

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.

Objectives:

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

Major Topics:

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

Major Topics:

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

Designed For:

CFOs, controllers and other financial managers.

Prerequisites:

Working knowledge of financial statements and how to read them.