Action Alert No. 04-27
July 16, 2004

NOTICE OF MEETINGS

OPEN BOARD MEETING
(Board meetings are available by audio webcast and telephone.)

No Board meetings are planned for the week of July 19, 2004. The next Board meeting is scheduled for Tuesday, July 27, and topics for that meeting will be announced in next week’s issue of Action Alert.

OPEN EDUCATION SESSION

Tuesday, July 20, 2004, 9:00 a.m.

The Board will hold an educational, non-decision-making session to discuss topics that are anticipated to be discussed at the Tuesday, July 27 Board meeting. Those topics will be posted to the FASB calendar four days prior to the education session.

BOARD ACTIONS

No Board meetings were held during the week of July 5, 2004.

FSP STAFF POSITION GUIDANCE AVAILABLE

On July 16, 2004, a majority of the Board did not object to the release of the proposed FSP FAS 142-b, "Application of FASB Statement No. 142, Goodwill and Other Intangible Assets, to Oil- and Gas-Producing Entities," for a 30-day comment period.

Comments are requested by August 17, 2004, and that proposed FSP will be available on the FASB website by the close of business on Monday, July 19, 2004.

FASB TECHNICAL PLAN UPDATE AVAILABLE

The quarterly update to the Board’s technical plan is available on the FASB website. That update also will be included in the July issue of The FASB Report.

FUTURE OPEN MEETINGS

The following is a list of open meetings tentatively scheduled through August. 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, July 26, 2004—Liaison Meeting with the Edison Electric Institute
Tuesday, July 27, 2004—FASB Board Meeting
Wednesday, July 28, 2004—FASB Education Session
Wednesday, August 4, 2004—FASB Board Meeting
Wednesday, August 4, 2004—FASB Education Session
Wednesday, August 11, 2004—FASB Board Meeting
Wednesday, August 11, 2004—FASB Education Session
Wednesday, August 18, 2004—FASB Board Meeting
Wednesday, August 18, 2004—FASB Education Session
Wednesday, August 25, 2004—FASB Board Meeting
Wednesday, August 25, 2004—FASB Education Session
Friday, August 27, 2004—Liaison Meeting with the Financial Managers Society