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Action Alert No. 07-15
April 12, 2007
NOTICE OF MEETINGS
OPEN BOARD MEETING
(Board
meetings are available by audio webcast and telephone.)
Wednesday, April 18, 2007, 9:00 a.m.
- Business
combinations (estimated 2-hour discussion). As part of
its redeliberations of the June 2005 Exposure Drafts, Business
Combinations, and Consolidated Financial Statements, Including
Accounting and Reporting of Noncontrolling Interests in
Subsidiaries, the Board will discuss the following issues:
- Whether to affirm proposed disclosures about completed business
combinations
- Whether the definition of fair value in FASB Statement No. 157,
Fair Value Measurements, (to be used in the replacement of FASB
Statement No. 141, Business Combinations) differs significantly
from the definition of fair value in IFRS 3, Business
Combinations (to be used in the replacement of that Statement)
and, if so, the implications for convergence
- How an acquirer would classify contracts, assets and liabilities
acquired or assumed in a business combination
- Whether to affirm or modify proposed guidance relating to assets
and liabilities arising from acquired insurance contracts
- Effective date.
- Agenda decision: discontinued operations (estimated
30-minute discussion). The FASB and the IASB have tentatively agreed
to a converged definition of a discontinued operation. Both Boards will
independently consider a request from constituents to complete this
aspect of the project, on an accelerated basis, separate from the
financial statement presentation project.
- Amendment
to FASB Interpretation No. 39 (estimated 30-minute
discussion). The Board will discuss the comments received on
proposed FSP FIN 39-a, “Amendment of FASB Interpretation No. 39,” and
whether to approve that proposed FSP for final issuance.
- 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, April 18, 2007, 8:00 a.m.
The Board will hold an educational, non-decision-making session to
discuss topics that are anticipated to be discussed at a future 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 April 2,
2007.
FUTURE OPEN MEETINGS
The following is a list of open meetings tentatively scheduled through
May. 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, April 23, 2007—FASB/IASB Joint Board Meeting,
London
Tuesday, April 24, 2007—FASB/IASB Joint Board Meeting,
London
Friday, April 27, 2007—FASB Education Session
Monday,
April 30, 2007—Valuation Guidance for Financial Reporting
Roundtable
Tuesday, May 1, 2007—User Advisory Council Meeting, New York
City
Wednesday, May 2, 2007—FASB Board Meeting
Wednesday, May 2,
2007—FASB Education Session
Tuesday, May 8, 2007—FASB Board
Meeting
Tuesday, May 8, 2007—FASB Education Session
Wednesday, May
16, 2007—FASB Board Meeting
Wednesday, May 16, 2007—FASB Education
Session
Wednesday, May 23, 2007—FASB Board Meeting
Wednesday, May
23, 2007—FASB Education Session
Wednesday, May 30, 2007—FASB Board
Meeting
Wednesday, May 30, 2007—FASB Education Session
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