Executive Express Private Company Edition 110

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12/14/2011

 
To FEI Members:
 
Welcome to the launch of the new FEI Executive Express! We read your input on how to improve this e-newsletter, and you can see in this inaugural edition how we have updated and improved the look, feel and content of this important member benefit. The streamlined content that links back to where you can dig deeper for information on our website will make this e-newsletter a more efficient and effective tool for you to gather information that is important to your job, including links to our news stories and blog posts on current developments at standard-setting and regulatory organizations and on Capitol Hill, as well as updates on developments in FEI programs and member services.
 
Things are beginning to wind down in Washington, D.C., as legislators race to pass the payroll tax extension as well as vote to fund the government through Sept. 30 of next year. While the House of Representatives is set to adjourn as early as Friday, there is still much work to be done before the books can be closed on 2011.

On the accounting standard-setting front, we want to call to your attention to the Jan. 12 comment deadline on the Financial Accounting Foundation’s proposal to improve standard setting for private companies. Read more below about this important proposal, which is aimed at providing more exceptions to make accounting standards more suitable for private companies.

We hope you enjoy the new FEI Executive Express format! With this being the final private company edition until 2012, I also want to take this time to wish you all a very happy holiday season and a prosperous 2012.
 
 
Marie N. Hollein, CTP
 
 
 
 
Accounting Research Manager (ARM) is a comprehensive financial reporting knowledgebase that provides materials designed to help solve your most pressing issues. Updated daily, it is the most timely, complete, interpretive
 and objective resource for your financial reporting needs.
 
 

Regulatory & Legislative Update

- Private Company Standard-Setting In The Spotlight
   
- IASB Chairman on FASB, SEC And Convergence
   
- House Passes Payroll Tax Extension
   
- Euro Weakness Affects U.S. Stocks
   
- UPDATED: COSO's Internal Control Exposure Draft Expected In December
   
- FASB Chairman Covers IFRS, Private Cos In Keynote Address; FAF Invites Panelists For Roundtables On
   
- Chuck Noski Named FASAC Chairman; MF Global Among Topics Discussed By Group
   
- FASB Releases Proposed ASU on Consolidation, CTA
   
- Comment Period Extended on Three FASB Proposals
   
- FASB, IASB Meet Jointly in London This Week
   
- Michel Prada Appointed IFRS Foundation Chairman
   
- Scope of Private Cos That Can Use IFRS For SMEs Addressed In New Q&As
   
- IASB Publishes List Of Projects For 2011-13 Improvements Cycle
   
- IASB and IFAC to Enhance Cooperation
   
- FASB Moves Toward Finalizing Deferral of Certain Aspects of Comprehensive Income Rule
   

FEI Bulletin

- FERF Update
   
- News to Use
   

Webcasts

- Easy Cap Tables, Option Expensing and 6039
   
- Hot Issues with Private Company Accounting Changes
   
- FIN 48 (ASC 740) Update and Review for Private Companies
   
- The Ernst & Young Q4 2011 Financial Reporting Update
   
- PART 1: Common Year-End Issues For Troubled Economic Times
   
- PART 2: Cover Your Assets – What to Monitor Going Forward in 2012
   

Conferences & Events

- Avoiding the Consequences of Poor Tax Risk Oversight
   March | 8:00 a.m. – 12:00 p.m. | 3 CPE credits available
- Gartner Business Intelligence Summit
   April 2-4 | Los Angeles, CA
- 2012 Leadership Summit
   May 20-22 | Disney’s Contemporary Resort | Orlando, FL | Up to 20 CPE credits available

 

FEI Committee Meetings

December
Committee on Finance and Information Technology (CFIT)
Dec. 14-16 | JW Marriott L.A. Live | Los Angeles, Calif.
 
January
Committee on Private Company Policy (CPC-P)
Jan. 12 | 2:00 p.m. | Conference Call
 
February
Committee on Private Company Policy (CPC-P)
Feb. 16 | 2:00 p.m. | Conference Call
 
March
Committee on Private Company Policy (CPC-P) 2012 Annual Fly In
March 13-14 | FEI - Washington, D.C., Office
 
 

Resources at www.financialexecutives.org