Need to know about new securitization rules for your classes this fall?  Have no fear!  Check out this webcast being offered by the FASB, which promises to be an excellent chance to catch up on the new rules related to securitization:

FASB Webcast Series
Amendments to the Accounting for Securitizations and Special Purpose Entities

The Financial Accounting Standards Board (FASB) is pleased to announce an upcoming webcast to discuss the new requirements resulting from the issuance of FASB Statements 166 and 167, which amend FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, and FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities, respectively. The amendments were issued in June 2009, and are effective for annual and interim periods beginning after November 15, 2009.

The webcast, which is scheduled for Monday, August 24, 2009, will include an overview of the changes provided for in these amendments.

The live webcast is offered free of charge. Viewers will have the opportunity to email questions to panelists during the event. A printable version of the slide presentation will be available on the FASB website. Because the slides are detailed, they may be best viewed from a printed version.

The FASB will archive the live webcast on the FASB website for access by the public. To register for the live or archived webcast, click here.

CPE credits will not be offered for this webcast.

Title of Webcast:

Amendments to the Accounting for Securitizations and Special Purpose Entities

Date & Time: August 24, 2009, 1:00 p.m. to 2:00 p.m. (EDT)

Event Description/Abstract:

Panelists Tom Linsmeier (FASB Member), Patricia Donoghue (FASB Project Manager) and Christopher Roberge (FASB Project Manager) will discuss the changes in the ways entities will account for securitizations and special purpose entities. FASB Statements No. 166, Accounting for Transfers of Financial Assets, and No. 167, Amendments to FASB Interpretation No. 46(R), were issued in June 2009 and will be effective in 2010.

Also, don’t forget to check out this post by Rob and the Round Table Discussion hosted by Cathy Shakespeare. The background reading for Cathy’s Round Table is available here and here, the archived Round Table can be viewed here, and a post mortem is available here.