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Action Alert No. 04-29
July 29, 2004
NOTICE OF MEETINGS
OPEN BOARD MEETING
(Board
meetings are available by audio webcast and telephone.)
Wednesday, August 4, 2004, 9:00 a.m.
- Revenue
recognition. The Board will discuss certain issues relating to
measuring performance obligations at fair value. Specifically, the Board
will consider (a) accounting for contractual obligations from a
customer perspective versus a reporting entity perspective
and (b) the effects of fair value measurement uncertainties on the
recognition of revenue at contract inception. In addition, the Board
will discuss (a) whether fair value measurement contradicts the notion
that revenues generally arise from extinguishment of obligations to the
reporting entity's customers and (b) whether the Board's decision that
performance obligations should be measured in the most advantageous
market to which the entity has reasonable access is consistent with
decisions made in the Board’s project on fair value measurement.
(Estimated 2-hour discussion.)
- Short-term
convergence. The Board will discuss a summary of comments
received on the four Exposure Drafts issued in the first phase of its
short-term convergence project. The Board also plans to begin
redeliberation of the provisions of its Exposure Draft, Earnings per
Share. (Estimated 45-minute discussion.)
- Equity-based
compensation (EBC). The Board will discuss a summary of comments
received on the March 2004 Exposure Draft, Share-Based Payment,
an amendment of FASB Statement No. 123, Accounting for Stock-Based
Compensation, and Statement No. 95, Statement of Cash Flows.
The Board also will begin redeliberations of certain issues including
recognition and measurement of EBC transactions. (Estimated 2-hour
discussion.)
- Servicing
rights. The Board will discuss the remaining issues related to
its project on servicing rights including comment period, effective
date, transition, and disclosures. (Estimated 60-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.
OPEN EDUCATION SESSION
Thursday, August 5, 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 August 11, 2004
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 19,
2004.
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.
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
Wednesday, September 1, 2004—FASB Board
Meeting
Wednesday, September 1, 2004—FASB Education
Session
Wednesday, September 8, 2004—FASB Education Session
Tuesday,
September 14, 2004—Liaison Meeting with the Institute of Management
Accountants
Wednesday, September 15, 2004—FASB Board
Meeting
Wednesday, September 15, 2004—FASB Education Session
Monday,
September 20, 2004—Liaison Meeting with the American Gas
Association
Tuesday, September 21, 2004—Fair Value Measurement
Roundtable Discussion
Wednesday, September 22, 2004—FASB Board
Meeting
Wednesday, September 22, 2004—FASB Education
Session
Thursday, September 23, 2004—Financial Accounting Standards
Advisory Council Meeting
Wednesday, September 29, 2004—FASB Board
Meeting
Wednesday, September 29, 2004—Emerging Issues Task Force
Meeting
Thursday, September 30, 2004—Emerging Issues Task Force
Meeting
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