Action Alert No. 06-13
March 30, 2006


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

Wednesday, April 5, 2006, 9:00 a.m.

  1. Conceptual framework (estimated 1.5-hour discussion). The Board will continue its discussions of issues relating to the definition of a reporting entity, including the meaning of control of another entity and whether a parent-only entity can be a reporting entity. The staff also will present an analysis of the comments received on the FASB Invitation to Comment, Selected Issues Relating to Assets and Liabilities with Uncertainties, to the Board for informational purposes and discuss how it plans to use those comments.

  2. Financial performance reporting by business entities (estimated 1.5-hour discussion). The Board will discuss the scope and objective of the project and working principles for Segment B issues. The issues to be addressed in Segment B of the project relate to how information should be presented in the financial statements (including classification, display, and aggregation into subtotals and totals). In addition, the Board will discuss the plan for making progress on Segment B issues.

  3. Short-term international convergence: earnings per share (estimated 1-hour discussion). The Board will consider comments received from respondents on its revised Exposure Draft, Earnings per Share.

  4. 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.


Wednesday, April 5, 2006, 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 April 12, 2006 Board meeting and other future Board meetings. Those topics will be posted to the FASB calendar four days prior to the education session.


No Board meetings were held during the week of March 20, 2006.


Final FSP FTB 85-4-1, "Accounting for Life Settlement Contracts by Third-Party Investors," was issued on March 27, 2006, and is available on the FASB website.


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.

Tuesday, April 11, 2006—User Advisory Council Meeting, New York City
Wednesday, April 12, 2006—FASB Board Meeting
Wednesday, April 12, 2006—FASB Education Session
Wednesday, April 19, 2006—FASB Board Meeting
Wednesday, April 19, 2006—FASB Education Session
Thursday, April 27, 2006—FASB/IASB Joint Board Meeting, London
Friday, April 28, 2006—FASB/IASB Joint Board Meeting, London
Wednesday, May 3, 2006—FASB Board Meeting
Wednesday, May 3, 2006—FASB Education Session
Tuesday, May 9, 2006—Liaison Meeting with Healthcare Financial Management Association
Wednesday, May 10, 2006—FASB Board Meeting
Wednesday, May 10, 2006—FASB Education Session
Wednesday, May 17, 2006—No FASB Board Meeting
Wednesday, May 17, 2006—FASB Education Session
Wednesday, May 24, 2006—FASB Board Meeting
Wednesday, May 24, 2006—FASB Education Session
Thursday, May 25, 2006—Liaison Meeting with American Accounting Association
Wednesday, May 31, 2006—FASB Board Meeting
Wednesday, May 31, 2006—FASB Education Session