Action Alert No. 07-01
January 4, 2007

NOTICE OF MEETINGS

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

No Board meetings are planned for the week of January 8, 2007. The next scheduled Board meeting is Wednesday, January 17, 2007, and will be announced in next week's issue of Action Alert.

OPEN EDUCATION SESSION

No education sessions are planned for the week of January 8, 2007. The next scheduled Education Session is Wednesday, January 17, 2007, and will be announced in next week's issue of Action Alert.

OPEN ROUNDTABLE DISCUSSION ON THE AICPA STATEMENT OF POSITION 05-1

Monday, January 8, 2007, 1:00 p.m. – 5:00 p.m.

The Board will meet with interested parties to discuss issues associated with the implementation of AICPA Statement of Position 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts.

OPEN MEETING WITH REPRESENTATIVES OF THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS

Tuesday, January 9, 2007, 1:00 p.m.

The Board will meet with representatives of the Accounting Principles Council of the National Association of College and University Business Officers to discuss matters of mutual interest.

OPEN MEETING OF THE INVESTORS TECHNICAL ADVISORY COMMITTEE
(This meeting will be available by audio webcast and telephone.)

Thursday, January 11, 2007, 2:30 p.m.

The Investors Technical Advisory Committee will hold its inaugural meeting with the Board and plans to discuss the following topics:

  1. Organizational matters

  2. FASB projects and agenda priorities

  3. Fair value accounting for financial instruments

  4. The transition approaches to new accounting standards.

BOARD ACTIONS

No Board meetings were held during the week of December 25, 2006.

FUTURE OPEN MEETINGS

The following is a list of open meetings tentatively scheduled through February. 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, January 17, 2007—FASB Board Meeting
Wednesday, January 17, 2007—FASB Education Session
Wednesday, January 24, 2007—FASB Board Meeting
Wednesday, January 24, 2007—FASB Education Session
Wednesday, January 31, 2007—FASB Board Meeting
Wednesday, January 31, 2007—FASB Education Session
Thursday, February 1, 2007—Conceptual Framework Measurement Roundtable
Monday, February 5, 2007—Liaison Meeting with National Investors Relations Institute
Wednesday, February 7, 2007—FASB Board Meeting
Wednesday, February 7, 2007—FASB Education Session
Tuesday, February 13, 2007—FASB Board Meeting
Tuesday, February 13, 2007—FASB Education Session
Thursday, February 15, 2007—Joint Working Group Meeting on Lease Accounting, London
Wednesday, February 21, 2007—FASB Board Meeting
Wednesday, February 21, 2007—FASB Education Session
Wednesday, February 28, 2007—FASB Board Meeting
Wednesday, February 28, 2007—FASB Education Session



FASB Meetings Available by Audio Webcast and Telephone

To monitor available live meetings free of charge by audio webcast, access the link http://www.trz.cc/fasb/live.html. To monitor by telephone, call 1-800-846-4717. You will be charged $.45 per minute, and VISA, MasterCard, American Express, or Discover Card is required. To listen to a recording of the most recent Board meeting via webcast free of charge, access the link http://www.trz.cc/fasb/archive.html. To listen to a recording by telephone, for a charge of $.45 per minute, call 1-800-462-0393. Questions can be directed to 1-800-846-4630.

Handouts distributed to the audience at Board meetings are posted to our website one-half hour before the start of the meeting. A synopsis of each issue to be discussed at EITF meetings also is posted to this website.

Education sessions are not available by audio webcast or telephone, and no handouts are distributed to the audience.