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Action Alert No. 05-45
November 10, 2005
NOTICE OF MEETINGS
OPEN BOARD MEETING
(Board
meetings are available by audio webcast and telephone.)
Wednesday, November 16, 2005, 9:00 a.m.
- Life
settlements. The Board will discuss comment letters received on
proposed FSP TB 85-4-a, "Accounting for Life Settlement Contracts by
Investors." The Board will focus on issues concerning the accounting for
life settlements at fair value and the investment method, clarification
of the disclosure requirements, and the transition provisions for the
final FSP. (Estimated 45-minute discussion.)
- Hybrid
financial instruments. The Board will discuss comment letters
received on the FASB Exposure Draft, Accounting for Certain Hybrid
Financial Instruments, and redeliberate certain issues.
(Estimated 90-minute discussion.)
- Servicing
of financial assets. The Board will discuss comment letters
received on the FASB Exposure Draft, Accounting for Servicing of
Financial Assets. The Board also will discuss: (Estimated
60-minute discussion.)
- The scope of the final Statement
- Transition guidance for securities classified as
available-for-sale
- The basis for electing subsequent accounting for separately
recognized servicing rights
- Disclosures
- Effective date and transition provisions.
- 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, November 16, 2005, following the Board meeting
The Board will hold an educational, non-decision-making session to
discuss topics that are anticipated to be discussed at the November 22,
2005 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 October 31,
2005.
FASB DOCUMENTS AVAILABLE
The following final FSPs were issued and are available on the FASB
website:
FSP
FAS 115-1 and FAS 124-1, "The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments," was issued on
November 3, 2005.
FSP
FAS 123(R)-3, "Transition Election Related to Accounting for the
Tax Effects of Share-Based Payment Awards," was issued on November 10,
2005.
FSP
FAS 140-2, "Clarification of the Application of Paragraphs 40(b)
and 40(c) of FASB Statement No. 140," was issued on November 9, 2005.
FUTURE OPEN MEETINGS
The following is a list of open meetings tentatively scheduled through
December. 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.
Tuesday, November 22, 2005—FASB Board Meeting
Tuesday, November 22,
2005—FASB Education Session
Tuesday, November 29, 2005—FASB Board
Meeting
Tuesday, November 29, 2005—FASB Education Session
Wednesday,
November 30, 2005—Small Business Advisory Committee
Thursday, December
1, 2005—Financial Accounting Standards Advisory Council
Wednesday,
December 7, 2005—FASB Board Meeting
Wednesday, December 7, 2005—FASB
Education Session
Thursday, December 8, 2005—New York Society of
Security Analysts
Wednesday, December 14, 2005—FASB Board
Meeting
Wednesday, December 14, 2005—FASB Education
Session
Wednesday, December 21, 2005—FASB Board Meeting
Wednesday,
December 21, 2005—FASB Education Session
Wednesday, December 28,
2005—No FASB Board Meeting or Education Session scheduled
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