What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) 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 addressed to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

No airlines. No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk or conference room.

A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

NSAC Cooperative Learning Networks are a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

Cooperative Learning Network

FASB Accounting Standards Codification
Date: Thursday, December 03, 2009
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Thomas Hoey, Director of the FASB Codification and XBRL Projects - Thomas Hoey & Associations, LLC
Objective: At the end of the presentation, the participant will be:
•informed of the effective dates of the FASB Accounting Standards Codification
•made aware of presentation considerations for referencing standards in disclosures, footnotes, work papers, letters, etc.
•able to consider updating your deliverables to include more "plain English" wording rather than using specific reference to standards
Field of Study: Accounting - Financial Statements and Reports
Program Level: Intermediate
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
After five years in the making, the FASB approved the FASB Accounting Standards Codification as the single source of authoritative GAAP as of July 1, 2009. The Codification is effective for annual or interim periods ending after September 15, 2009.

At that time, the FASB superseded all legacy accounting standards. The FASB developed the Codification as a result of a significant amount of user feedback for easier to use, topically-organized standards.

The Codification introduces an entirely new structure and numbering approach. This session will provide you with an introduction and walkthrough of the Codification structure, an update on timing, an overview of the approach to new standards, and related items to consider when preparing and auditing financial statements.

Presenter Bio(s)
Thomas Hoey, Director of the FASB Codification and XBRL Projects

Since completing the Codification architecture and design phase in September 2004, Thomas Hoey & Associates, LLC has been directing the FASB Codification and XBRL Projects. The Codification project involved two major components - the creation of the codification content and the development of the related research system.

Until 2002, Mr. Hoey was a partner with Arthur Andersen LLP and was responsible for directing Arthur Andersen’s global accounting research platform and its related external product, Accounting Research Manager.

Prior to directing the development of Arthur Andersen’s research platform, Mr. Hoey addressed technical accounting matters as a member of the firm’s national office and was previously a member of the firm’s audit practice. In 2002, Mr. Hoey helped coordinate the sale of the Accounting Research Manager business and technology to CCH and joined CCH as Managing Director of the Accounting Research Manager product line through early 2004.

Mr. Hoey attended Northern Illinois University and received an undergraduate degree in accounting and computer science and a masters degree in computer science. Mr. Hoey is a CPA and a member of the AICPA.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org