IASB/FASB Convergence

Date: Thursday, January 15, 2015
Time: 03:00 PM ET / 02:00 PM CT / 01:00 PM MT / 12:00 PM PT [Prevailing Time]
Presenter: Russell Wasson, Director of Tax, Finance and Accounting Policy, National Rural Electric Cooperative Association
Moderator:
Learning Objectives:
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Field of Study: Accounting
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

This is a one credit hour CLN. The program will give participants an understanding of the process of convergence between the FASB and the IASB. Additionally, participants will be made aware of the current FASB/IASB projects and will be given an understanding of the different points of view of the two standard setters as these projects move forward. This is an updated version of the TACC session of August 2014 in San Diego.

Presenter and Moderator Bios

Presenter: Russell Wasson, Director of Tax, Finance and Accounting Policy, National Rural Electric Cooperative Association

Russ Wasson, CPA is the Director of Tax, Finance and Accounting Policy for the National Rural Electric Cooperative Association (NRECA). Since January 2005, Russ has represented NRECA with respect to tax, finance and accounting policy. Russ is a trusted resource on those issues for NRECA members’ finance professionals and management, the professionals that advise our members, and staff, board members, and commissioners at related standard setting bodies and agencies. Russ has also led NRECA’s advocacy efforts at the Commodities Futures Trading Commission as the CFTC implements the Dodd-Frank Wall Street Reform and Consumer Protection Act. In the next year, Russ will be helping members as they seek to alter their business practices in response to the complex new set of regulatory obligations. On behalf of NRECA, Russ serves as a member of the FASB Small Business Advisory Committee and participates in the Financial Accounting Foundation strategic focus group on the future direction of the FASB. Russ received his Bachelor of Science degree in accounting from the University of Arkansas at Little Rock in 1980. Russ worked for Cajun Electric Power Cooperative from 1983 until 2000. As Vice President and Corporate Controller, Russ had forty four individuals in his division. After Cajun, Russ started a consulting firm that provided consulting services to electric cooperatives and an RTO. In 2001, Russ began teaching at Penn State’s Advanced School of Power Engineering which he continued to do until 2013. Russ has been a professional musician since age 14. Russ and his wife Diane are the proud parents of two daughters that live in Alabama and New York.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

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 (#103068) 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.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

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

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

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

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.