Next Wednesday, the New York Society of Security Analysts hosts its annual update on what's new in financial reporting.

Too busy? Let me remind you: Alcoa reported its fourth quarter earnings 2009 yesterday.

And 10-K's will be filed en masse towards the end of February - a mere six weeks away.

Whether you paid attention to accounting standard setting in 2009 - or not - there are some standards that will affect those 10-Ks in the areas of securitizations, pension reporting, international financial reporting convergence and maybe my favorite one: revenue recognition. Changes in revenue recognition standards that go into effect this year will make it more likely that certain firms will speed up revenue recognition - and that's always a recipe for stocks that people get excited about. (Until they head over the cliff.)

There will be a distinguished cast of presenters. (Self excluded.) They hail from the FASB, Moody's, Goldman Sachs, and the CFRA. You can get the full listing of the cast at this link - and you can sign up there for $95 if you're a NYSSA member. ($135 if you're not.)

I hope to see you there next week!