Action Alert No. 06-28
July 13, 2006
NOTICE OF MEETINGS
OPEN BOARD MEETING
meetings are available by audio webcast and telephone.)
Wednesday, July 19, 2006, 8:00 a.m.
The Board meeting will begin at 8:00 a.m. instead of 9:00
combinations: applying the acquisition method (estimated
60-minute discussion). The Board will continue redeliberations of
its June 2005 Exposure Draft, Business Combinations, focusing on
guidance for (a) assessing what is part of the exchange for the
acquiree, (b) restructuring costs, and (c) the measurement date of
equity securities issued as consideration.
statement presentation (estimated 2-hour discussion). The
Board will discuss application of the working principles developed in a
prior meeting, particularly the categories to be included in the
statement of financial position, the statement of earnings and
comprehensive income, and the statement of cash flows.
- Leases agenda decision (estimated 30-minute
discussion). The Board will discuss whether to add a project to its
agenda to reconsider the provisions of FASB Statement No. 13,
Accounting for Leases, and related literature.
benefit obligations, including pensions (estimated 1-hour
discussion). The Board will continue redeliberations of its March
2006 Exposure Draft, Employers’ Accounting for Defined Benefit
Pension and Other Postretirement Plans. Specifically, the Board will
discuss (a) reporting issues of not-for-profit organizations and (b)
classification of the net asset or net liability recognized as current
disclosures (estimated 75-minute discussion). The Board
will consider specific enhanced disclosures for derivatives that are
accounted for under FASB Statement No. 133, Accounting for Derivative
Instruments and Hedging Activities.
- 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 SESSIONS
Tuesday, July 18, 2006, 9:00 a.m.
Wednesday, July 19, 2006,
following the Board meeting
The Board will hold educational, non-decision-making sessions to
discuss topics that are anticipated to be discussed at the July 26, 2006
Board meeting. Those topics will be posted to the FASB calendar four
days prior to the education sessions.
No Board meetings were held during the week of July 3, 2006.
FASB DOCUMENTS AVAILABLE
The following documents are available on the FASB website:
FASB Interpretation No.
48, Accounting for Uncertainty in Income Taxes (June
Final FSP FAS
13-2, "Accounting for a Change or Projected Change in the Timing
of Cash Flows Relating to Income Taxes Generated by a Leverage Lease
Transaction" (July 13, 2006).
FUTURE OPEN MEETINGS
The following is a list of open meetings tentatively scheduled through
August. 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 26, 2006—FASB Board Meeting
Wednesday, July 26,
2006—FASB Education Session (canceled)
Thursday, July 27,
2006—FASB Education Session
Wednesday, August 2, 2006—FASB Board
Wednesday, August 2, 2006—FASB Education Session
August 9, 2006—FASB Board Meeting
Wednesday, August 9, 2006—FASB
Wednesday, August 16, 2006—FASB Board
Wednesday, August 16, 2006—FASB Education Session
August 23, 2006—FASB Board Meeting
Wednesday, August 23, 2006—FASB
Monday, August 28, 2006—Liaison Meeting with Edison
Electric Institute and American Gas Association
Wednesday, August 30,
2006—FASB Board Meeting
Wednesday, August 30, 2006—FASB Education
†FASB Meetings Available by Audio Webcast and
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.
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
Education sessions are not available by audio webcast or
telephone, and no handouts are distributed to the audience.