The Knowledge Congress Has Scheduled a Live Webcast on FASB Topic 450 Statement on Loss Contingency Disclosures Demystified

New York, NY, May 21, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: “FASB Topic 450 Statement on Loss Contingency Disclosures Demystified LIVE Webcast.” This two-hour event is scheduled on August 29, 2011 from 12:00 - 2:00 PM ET.

Event synopsis:

The Financial Accounting Standards Board (FASB) proposed Topic 450 Statement on Loss Contingency Disclosures rules that will require publicly traded companies to report the potential costs of litigation (formerly known as Statement of Financial Accounting Standards No. 5).

The change from previous accounting rules has caused many companies to re-examine how they might develop the more detailed disclosure reports for their annual and quarterly filings. The new standard also has been the subject of commentary and clarifications from the FASB and SEC staff regarding implementation issues, valuation methods, application to different kinds of instruments, and effective dates.

The FASB and SEC staff currently is updating and reformatting its interpretive positions, and accounting and finance staff, consultants, and corporate lawyers need to understand how to find and use the new information.

The Knowledge Group has assembled a panel of key thought leaders and regulators to help financial/tax executives understand all the important issues with respect to this important topic. This live webcast is a must attend for all financial/tax executives who need to be in the know with respect to this prejudicial standard for all companies.

Speakers/Faculty Panel

Salome J. Tinker, CPA, Director, Accounting & Financial Reporting, Association for Financial Professionals
Pamela S. Palmer, Partner, Latham & Watkins LLP
John R. Formica, Jr., Partner, National Professional Services Group, PricewaterhouseCoopers LLP
Thomas W. White, Partner, WilmerHale

For event updates, please visit: http://knowledgecongress.org/event_2011_FASB_Topic450.html

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries.

"We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changes and emerging trends."

For more information, please visit: www.knowledgecongress.org.

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