Revised 03/01/07See below
Action Alert No. 07-09
March 1, 2007
NOTICE OF MEETINGS
OPEN BOARD MEETING
(Board meetings are available by audio webcast and telephone.)
No Board meetings are planned for the week of March 5, 2007. The next scheduled Board meeting is Wednesday, March 14, 2007, and topics for that meeting will be announced in next week’s issue of Action Alert.
OPEN EDUCATION SESSION
Wednesday, March 7, 2007, 9:00 a.m.
The Board will hold an educational, non-decision-making session to discuss topics that are anticipated to be discussed at the March 14, 2007 Board meeting. Those topics will be posted to the FASB calendar four days prior to the education session.
The Board Actions 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 Statement, Interpretation, or FSP.
February 21, 2007 Board Meeting
Agenda decision: emission allowances. The Board added a project to its agenda to provide comprehensive guidance for participants in emission trading programs. The project will provide guidance for emission allowances as well as liability recognition and measurement as a result of an entity’s emitting pollutants. At a future meeting, the Board will determine whether the scope of the project will include guidance for traders of emission allowances or whether that guidance should be provided in phase 2 of the Board’s project on fair value option or in another potential project, such as accounting for traded physical commodity inventory.
FASB DOCUMENT AVAILABLE
Proposed FSP FIN 48-a, “Definition of Settlement in FASB Interpretation No. 48,” was issued and posted to the FASB website on February 27, 2007. Comments are requested by March 28, 2007.
FUTURE OPEN MEETINGS
The following is a list of open meetings tentatively scheduled through April. 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.
Monday, March 12, 2007FASB Education Session
Wednesday, March 14, 2007FASB Board Meeting
Wednesday, March 14, 2007FASB Education Session
Thursday, March 15, 2007Emerging Issues Task Force Meeting
Tuesday, March 20, 2007Financial Accounting Standards Advisory Council Meeting
Wednesday, March 21, 2007FASB Board Meeting
Wednesday, March 21, 2007FASB Education Session
Tuesday, March 27, 2007Not-for-Profit Roundtable Meeting
Wednesday, March 28, 2007FASB Board Meeting
Wednesday, March 28, 2007FASB Education Session
Wednesday, April 4, 2007FASB Board Meeting
Wednesday, April 4, 2007FASB Education Session
Wednesday, April 11, 2007FASB Board Meeting
Wednesday, April 11, 2007FASB Education Session
Wednesday, April 18, 2007FASB Board Meeting
Wednesday, April 18, 2007FASB Education Session
Monday, April 23, 2007FASB/IASB Joint Board Meeting, London
Tuesday, April 24, 2007FASB/IASB Joint Board Meeting, London
Thursday, April 26, 2007FASB Education Session
Monday, April 30, 2007Valuation Guidance for Financial Reporting Roundtable [Revised 03/01/07]