Action Alert No. 05-29
July 21, 2005

NOTICE OF MEETINGS

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

Wednesday, July 27, 2005, 1:00 p.m.

  1. Conceptual framework. The Board will continue its discussion of issues relating to the qualitative characteristics of financial information. The Board also will discuss management’s stewardship and accountability responsibilities and how those responsibilities relate to the objectives of financial reporting and the Board’s conceptual framework for financial reporting by business enterprises. (Estimated 2-hour discussion.)

  2. 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

Wednesday, July 27, 2005, 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 3, 2005 Board meeting. Those topics will be posted to the FASB calendar four days prior to the education session.

OPEN MEETING WITH REPRESENTATIVES OF THE EDISON ELECTRIC INSTITUTE

Monday, July 25, 2005, 2:30 p.m.

The Board will meet with representatives of the Edison Electric Institute to discuss matters of mutual interest.

BOARD ACTIONS

No Board meetings were held during the week of July 11, 2005

FASB DOCUMENTS AVAILABLE

Proposed FSP FAS 13-b, “Accounting for Rental Costs Incurred during a Construction Period,” was issued on July 19, 2005 and is available on the FASB website. Comments are expected by August 18, 2005.

Proposed FSP FAS 140-c, “Clarification of the Application of Paragraphs 40(b) and 40(c) of FASB Statement No. 140,” is expected to be posted to the FASB website by the end of business on July 21, 2005. Comments are expected by August 22, 2005.

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.

Wednesday, August 3, 2005—FASB Board Meeting
Wednesday, August 3, 2005—FASB Education Session
Friday, August 5, 2005—Liaison Meeting with Financial Managers Society
Wednesday, August 10, 2005—No FASB Board Meeting
Wednesday, August 10, 2005—FASB Education Session
Wednesday, August 17, 2005—FASB Board Meeting
Wednesday, August 17, 2005—FASB Education Session
Wednesday, August 24, 2005—FASB Board Meeting
Wednesday, August 24, 2005—FASB Education Session
Wednesday, August 31, 2005—FASB Board Meeting
Wednesday, August 31, 2005—FASB Education Session