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Action Alert No. 03-32
August 13, 2003
NOTICE OF MEETINGS
OPEN BOARD MEETING
Wednesday, August 20, 2003, 9:00 a.m.
- Fair value measurement. The Board will discuss issues relating to the scope of the fair value statement developed in the initial phase of the project. (Estimated 60-minute discussion.)
- Permitted activities of qualifying special-purpose entities (SPEs). The Board will discuss a summary of comments received from respondents to the FASB Exposure Draft, Qualifying Special-Purpose Entities and Isolation of Transferred Assets. (Estimated 60-minute discussion.)
- Pension disclosures. The Board will finalize its discussions about pension plan disclosures. Specific issues to be addressed include (a) multiemployer pension plans, (b) other postretirement benefit plans, and (c) whether a quantitative materiality threshold should be used as a basis for requiring disclosures about pension and/or other postretirement benefit plans. (Estimated 90-minute discussion.)
- Open discussion. If necessary, the Board will allow time to discuss minor issues with staff members on technical projects or administrative matters. Those discussions are held following regular Board meetings as topics come up.
Wednesday, August 20, 2003, 1:00 p.m.
Business combinations: purchase method procedures. In its project on purchase method procedures, the Board has tentatively decided to eliminate the requirement in FASB Interpretation No. 4, Applicability of FASB Statement No. 2 to Business Combinations Accounted for by the Purchase Method, to charge to expense certain IPR&D assets acquired in a business combination. The Board will meet with representatives from Eli Lilly and Company to discuss research and development in the pharmaceutical industry and the impact of the Board’s tentative decision. The meeting will be educational, and no decisions are expected. (Estimated 2-hour discussion.)
OPEN EDUCATION SESSIONS
Wednesday, August 20, 2003, immediately following the 1:00 p.m. Board meeting
Thursday, August 21, 2003, 2:00 p.m.
The Board will hold educational, non-decision-making sessions to discuss topics that are anticipated to be discussed at the August 27 Board meeting and at future Board meetings. Those topics will be posted to the FASB calendar four days prior to the education session.
OPEN MEETING WITH REPRESENTATIVES OF THE RISK MANAGEMENT ASSOCIATION
Monday, August 18, 2003, 3:00 p.m.
The Board will meet with representatives of the Risk Management Association to discuss matters of mutual interest.
BOARD ACTIONS
No Board meetings were held during the week of August 4, 2003.
FUTURE OPEN MEETINGS
The following is a list of open meetings tentatively scheduled through September. Because schedules may change, please check the FASB calendar before finalizing your plans. Revisions to this list since the last issue of Action Alert are highlighted in bold.
Monday, August 25, 2003—Liaison Meeting with the New York Society of Security Analysts
Wednesday, August 27, 2003—FASB Board Meeting
Wednesday, August 27, 2003—FASB Education Session
Thursday, August 28, 2003—Open Roundtable on Qualifying Special-Purpose Entities
Wednesday, September 3, 2003—FASB Board Meeting (p.m. meeting)
Wednesday, September 3, 2003—FASB Education Session
Friday, September 5, 2003—Liaison Meeting with the Institute of Management Accountants
Tuesday, September 9, 2003—Liaison Meeting with the American Council of Life Insurers
Wednesday, September 10, 2003—FASB Board Meeting
Wednesday, September 10, 2003—FASB Education Session
Friday, September 12, 2003—Liaison Meeting with the Financial Institutions Accounting Committee
Wednesday, September 17, 2003—FASB Board Meeting
Wednesday, September 17, 2003—FASB Education Session
Wednesday, September 24, 2003—FASB Board Meeting
Wednesday, September 24, 2003—FASB Education Session
Thursday, September 25, 2003—Financial Accounting Standards Advisory Council Meeting
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