|
Action Alert No. 06-16
April 20, 2006
NOTICE OF MEETINGS
OPEN JOINT IASB/FASB BOARD MEETING
(This joint meeting is
available by audio webcast through the IASB. Visit the IASB
website for more information on webcasting and observer
registration. The audio playback file will be available on Monday, May 1,
2006 to listeners for free via the FASB website.)
Edwardian I Room
Crowne Plaza St. James Hotel
Buckingham
Gate
London SW1E 6AF
United Kingdom
Thursday, April 27, 2006, 6:15 a.m. EDT (11:15 a.m. BST)
The IASB and the FASB will meet in London to discuss the following
projects:
- Financial
instruments. The Boards will discuss hedge accounting, including
the long-term objective established at the joint meeting in October
2005, which is to simplify or eliminate the need for special accounting.
(Scheduled for 6:15 a.m. – 7:15 a.m. EDT)
- Business
combinations: applying the acquisition method. The Boards will
continue their deliberations of the June 2005 Exposure Drafts. In
particular, the Boards will discuss (a) whether the proposal that the
transaction price in a business combination is presumptive evidence of
the fair value of the acquiree should be modified as a result of
decisions reached in the FASB’s fair value measurement project, (b) the
accounting for acquisition-related costs in a business combination, and
(c) the presentation of noncontrolling interests in the consolidated
financial statements. (Scheduled for 8:15 a.m. – 10:30 a.m. EDT)
- Revenue
recognition. The Boards will continue their discussions about
revenue recognition methods. (Scheduled for 10:45 a.m. – 12:45 p.m.
EDT)
Friday, April 28, 2006, 4:00 a.m. EDT (9:00 a.m. BST)
- Leases. The Boards will discuss staff suggestions for
approaches to undertaking a possible project to reconsider existing
standards on lease accounting. The Boards will not be making an agenda
decision at this meeting. (Scheduled for 4:00 a.m. – 5:00 a.m.
EDT)
- Conceptual
framework. The Boards will continue their discussions of the
working definitions of assets and liabilities. The Boards will discuss
whether those definitions, together with their amplifying text, provide
a sufficient basis for use in considering other aspects of Phase B of
the project. The staff will report on the project progress, status,
staffing, and plans, which will focus on the plan for carrying out the
portion of the project dealing with measurement issues. (Scheduled
for 5:00 a.m. – 8:15 a.m. EDT)
OPEN EDUCATION SESSION
No education sessions are scheduled for the week of April 24,
2006.
BOARD ACTIONS
No Board meetings were held during the week of April 10,
2006.
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.
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
|
|