SUMMARY OF BOARD DECISIONS

Summary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. Decisions in an Exposure Draft may be (and often are) changed in redeliberations based on information provided to the Board in comment letters, at public roundtable discussions, and through other communication channels. Decisions become final only after a formal written ballot to issue a final standard.

January 22, 2009 FASB/IASB Joint Videoconference Board Meeting

Leases. The FASB and IASB held a joint videoconference meeting to discuss the content and timing of the proposed Discussion Paper on lease accounting. The Boards decided to include in the Discussion Paper a high-level discussion of lessor accounting issues. The Boards plan to issue the Discussion Paper in March 2009.