NSAC - FASB Private Company Standard Setting

Date: Thursday, April 14, 2011
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter: Kevin P. Catalano, Practice Fellow
Moderator:
Learning Objectives:
- An overview of the FASB organization and standard-setting process
- An overview of IFRS convergence efforts
- Private company financial reporting issues and concerns
- The Blue Ribbon Panel and its report of recommendations
- Private company standard-setting initiatives and challenges
- A review of some of the major projects underway
Field of Study: Taxes
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

Kevin will give the participants - An overview of the FASB organization and standard-setting process - An overview of IFRS convergence efforts - Private company financial reporting issues and concerns - The Blue Ribbon Panel and its report of recommendations - Private company standard-setting initiatives and challenges - A review of some of the major projects underway

Presenter and Moderator Bios

Presenter: Kevin P. Catalano, Practice Fellow

In July 2010, Kevin P. Catalano began a two-year assignment as a Practice Fellow with the Financial Accounting Standards Board (FASB) in Norwalk, Connecticut. In this role, Mr. Catalano assists and advises the project team responsible for the FASB’s joint project with the International Accounting Standards Board (IASB) to improve financial statement presentation. Mr. Catalano is also responsible for managing the FASB project to improve the accounting guidance for assessing goodwill for impairment. Mr. Catalano is also responsible for working with the FASB’s Emerging Issues Task Force (EITF), handling various technical consultations received by the FASB, and assisting with various projects to improve accounting standards for private companies, including the development of a differential framework for private company financial statement reporting. Mr. Catalano joined the FASB from PricewaterhouseCoopers LLP (“PwC”), where he is a Senior Manager in the National Professional Services Group. Prior to joining the FASB, Mr. Catalano spent 13 years within PwC’s New York metro assurance practice where he most recently served large and medium-sized, multinational SEC registrants in the consumer products and industrial products sectors. Earlier in his career, Mr. Catalano also served several small to medium-sized privately held companies. From 2006 to 2010, Mr. Catalano held several leadership roles within the regional and national levels of PwC in areas such as operations, quality and business development. Mr. Catalano is a member of the American Institute of Certified Public Accountants (AICPA), and maintains CPA licenses in Connecticut and New York. He received his Bachelor of Science degree in Accountancy, magna cum laude, from Fairfield University.

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.