Russell G. Golden’s 7-year term as FASB Chairman is coming to an end in June. A long-time staff member at the FASB, Mr. Golden served as Technical Director of the FASB, overseeing staff work on accounting standards and technical application and implementation activities and chaired the Emerging Issues Task Force before becoming FASB Chairman. These roles helped prepare him to lead the adoption and implementation of two of the most significant revisions to accounting standards ever: revenue recognition and lease accounting. At this presentation,Mr. Golden will reflect on his years leading the FASB, the Board’s accomplishments, as well as its unfinished business. He will also provide a personal assessment of accounting standard setting and financial reporting in the years ahead.
- A recap of the 7-year term of Russell Golden, FASB Chairman
- Learn how the Board adopted and implemented two major new accounting standards: revenue recognition and lease accounting
- Hear reflections on the future challenges and opportunities in accounting standard setting and financial reporting