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Action Alert No. 07-28
July 12, 2007
NOTICE OF MEETINGS
OPEN BOARD MEETING
(Board
meetings are available by audio webcast and telephone.)
Wednesday, July 18, 2007, 9:00 a.m.
- Codification
issues (estimated 1-hour discussion). The Board will
discuss issues identified in its codification project that involve
existing authoritative guidance that may be considered outdated or in
conflict with other authoritative literature. The Board will discuss:
- Appropriation of retained earnings for general purpose
contingencies
- Original general revenue recognition guidance from 1934
- Claims of subcontractors for terminated government contracts
- Accounting for losses and combining contracts related to long-term
construction-type contracts
- Definition of proven and probable reserves for extractive
industries
- Transfers of real estate in exchange for nonmonetary assets other
than real estate
- Use of the term retrospective for changes in estimates for
real estate time-sharing transactions
- Temporary control exception to consolidation of not-for-profit
organizations
- Leasing transactions by not-for-profit organizations involving
special-purpose entity lessors
- Other investments held by not-for-profit organizations.
- 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 18, 2007, following the Board meeting
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 July 2, 2007.
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, July 25, 2007—FASB Board Meeting
Wednesday, July 25,
2007—FASB Education Session
Wednesday, August 1, 2007—FASB Board
Meeting
Wednesday, August 1, 2007—FASB Education Session
Wednesday,
August 8, 2007—FASB Board Meeting
Wednesday, August 8, 2007—FASB
Education Session
Wednesday, August 15, 2007—FASB Board
Meeting
Wednesday, August 15, 2007—FASB Education Session
Wednesday,
August 22, 2007—FASB Board Meeting
Wednesday, August 22, 2007—FASB
Education Session
Wednesday, August 29, 2007—FASB Board
Meeting
Wednesday, August 29, 2007—FASB Education
Session
Tuesday, September 4, 2007—Financial Guarantee Insurance
Roundtable
Wednesday, September 5, 2007—FASB Board
Meeting
Wednesday, September 5, 2007—FASB Education
Session
Wednesday, September 12, 2007—FASB Board Meeting
Wednesday,
September 12, 2007—FASB Education Session
Wednesday, September 19,
2007—FASB Board Meeting
Wednesday, September 19, 2007—FASB Education
Session
Thursday, September 20, 2007—Financial Accounting Standards
Advisory Council Meeting
Wednesday, September 26, 2007—FASB Board
Meeting
Wednesday, September 26, 2007—FASB Education
Session
Thursday, September 27, 2007—Liaison Meeting with the Institute
of Management Accountants
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