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Who Stole My Balance Sheet: The FASB Research Project Continues

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
  4.4   (3 comments)
Accounting and Auditing |  ACPEN Industry Institute
William F. O’Brien, MBA, CPA
Course Levels:
4 Hours
Access for 30 day(s) after program date.

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Many financial professionals are aware of the pending changes in US GAAP surrounding FASB’s high priority issues such as revenue recognition and lease accounting.  However, most financial statement users are not aware that the form and content of the primary financial statements may change as a result of the FASB-IASB convergence project associated with Financial Reporting Performance.

This reformatting of the basic financial statements as many of us know them will result in significant measurement and systems modification.  In addition, enterprise-wide user re-education will be mandatory. 

As we go to print, the FASB has reclassified this topic as a FASB Research Project.  Both Boards plan to resume deliberation after the priority convergence items are fully addressed. Due to this deferral, the risk all companies face is the failure to pay attention to the impact of these proposed changes. Now is not the time to be complacent!  

Do not wait until it is too late.  Take advantage to begin your reformatted financial statement planning process now!

Basic Course Information

Learning Objectives

*Introduction and Making This Session Work

*Financial Statement Reform Genesis and It’s Current State

*A detailed tour of the proposed changes

*Remaining differences between the FASB and IASB versions

*Critical business issues driven by the proposed changes

*10 action items for you to take today in preparation for these changes

*Final Thoughts and Participant Take-Aways

Major Subjects

*Review the content of the proposed reformatted financial statements

*Discuss the differences between the FASB and IASB versions of the project

*Analyze the impact of these changes on your business operations

*Identify critical metrics that the new statements will support

*Prepare a to-do list for implementing these coming adjustments

Course Materials


William F. O’Brien, MBA, CPA Related seminars and products: 4

WILLIAM F. O’BRIEN, MBA, CPA, is a financial management consultant and educator with over 40 years of experience. He has held senior financial management positions with Intel Corporation and ROLM Corporation and served as CFO for several emerging high technology companies. Mr. O’Brien has extensive experience in corporate planning, financial analysis, cash management and managerial accounting in both domestic and international settings. He has served on the faculties of Santa Clara University and San Jose State University and is a frequent financial seminar speaker in both the U.S. and abroad. 


Wed, Jul 03, 2019 - 02:00p to 06:00p EDT
Sat, Jul 13, 2019 - 09:00a to 01:00p EDT
Mon, Aug 05, 2019 - 02:00p to 06:00p EDT
Wed, Aug 14, 2019 - 09:00a to 01:00p EDT
Sat, Sep 21, 2019 - 01:00p to 05:00p EDT
Tue, Sep 24, 2019 - 09:00p to Wed, Sep 25, 2019 - 01:00a EDT
Mon, Oct 07, 2019 - 01:00p to 05:00p EDT
Thu, Oct 31, 2019 - 04:00p to 08:00p EDT
Mon, Nov 11, 2019 - 02:00p to 06:00p EST
Sat, Nov 16, 2019 - 09:00a to 01:00p EST
Wed, Dec 04, 2019 - 09:00a to 01:00p EST
Mon, Dec 23, 2019 - 02:00p to 06:00p EST

Additional Info

Basic Course Information


Knowledge of current events in the financial reporting field.

Advanced Preparation


Designed For

CPAs in practice and Members in Industry

Original Recording Date


Yellow Book


Course Developer
William F. O'Brien, MBA, CPA, San Jose State University, San Jose, CA

Date Added to Catalog


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.

Official Registry Statement

Business Professionals' Network, Inc. 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 submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 

Promo Video



Overall:     4.4

Total Reviews: 61


Althia C

"Thank you."

Susanne A

"Good class. Always interesting seeing what is coming down the road. "

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