As a result of the FASB and IASB convergence process, the form and content of primary financial statements are likely to change. This reformatting of basic financial statements will generate significant measurement and system modifications. To effectively address these changes, CPAs and financial professionals will need to be reeducated on financial statement preparation and analysis. Do not be caught unprepared to the detriment of your firm and your clients. Get ahead of the curve and begin now to plan for reformatted financial statements.
Note: Formerly titled Reformatted Financial Statements 2013: Countdown to Conclusion.
Review the evolution of the convergence process.
Explore updates on the current status of the adoption, SME and RFS projects.
Review in detail the content of proposed, reformatted financial statements.
Understand how the RFS project is a business model transformation.
Gain insight and tools to create your own RFS roadmap for action.
Status of changes in financial reporting
Content review of the proposed financial statement changes
Impact of RFS on business operations
Planning an implementation timetable
Requisite Knowledge: None
Advanced Preparation: None
Speaker: William F. O'Brien, CPA, MBA
Field of Study: Accounting
CPE Credits: 8
Meet the Speaker
William F. O'Brien, CPA, MBA
William F. O'Brien, MBA, CPA, is a financial management consultant and educator with over 35 years of experience. He has held senior financial management positions with Intel and ROLM and served as CFO for several emerging high technology companies. Mr. O'Brien has extensive experience in corporate planning, control, financial analysis, cash management, and managerial accounting in both domestic and international settings. He is on faculties of Santa Clara University and San Jose State University. He received the Foundation's Award for Instructor Excellence in 1994.