FMN Accounting

FMN - 2020/June, Seg.3 - Chairman of the FASB: A Career in Review

Course Overview
Running successful businesses in today’s fast-paced global environment has become increasingly costly and complex, and accounting standards are not immune to this. Financial statement preparers, as well as users, have expressed concerns that current generally accepted accounting principles (GAAP) can be unnecessarily complex. In an effort to address these concerns, in May 2014, the Financial Accounting Standards Board (FASB) launched what is known as the Simplification Initiative. Russell Golden, Chairman of the FASB, discusses more about this initiative and some of the highlights of FASB accomplishments during his career at FASB.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the purpose of the Simplification Initiative,
  • Indicate how FASB and IASB work together toward convergence,
  • Identify the measures FASB is taking to address the COVID-19 crisis, and
  • Determine how FASB and GASB work together on standard setting projects.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

FMN Online
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.


Price (USD)

Standard: $69.90


Course Code : FMN1354-FM

Release Date : 06/10/2020
Expire Date : 01/14/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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