Action Alert No. 06-01
January 5, 2006


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

Wednesday, January 11, 2006, 9:00 a.m.

  1. Uncertain tax positions (estimated 2-hour discussion). The Board will redeliberate certain issues of the FASB proposed Interpretation, Accounting for Uncertain Tax Positions. Specifically, the Board will discuss subsequent recognition and measurement, change in judgment, disclosure provisions, recognition, measurement and classification of interest and penalties, classification, transition, and effective date for the final Interpretation.

  2. EITF Issue 04-6 (estimated 15-minute discussion). The Board will consider a proposed editorial change to EITF Issue No. 04-6, "Accounting for Stripping Costs Incurred during Production in the Mining Industry," in EITF Abstracts, to clarify the definition of the production phase of a mine.

  3. Liability classification (estimated 30-minute discussion). The Board will discuss whether to add a project to its agenda that will consider the classification of an option or similar instrument issued as part of a share-based payment arrangement that includes a change in control provision.

  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, January 11, 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 January 18, 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 December 26, 2005.


Your input requested for the codification retrieval system—We are capturing feedback for the planned FASB codification retrieval system for nongovernmental entities. The web-based survey takes about 5–10 minutes to complete and will provide us with very important feedback as we develop our list of requirements. Thanks in advance for your assistance!


The following is a list of open meetings tentatively scheduled through February. 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, January 18, 2006—FASB Board Meeting
Wednesday, January 18, 2006—FASB Education Session
Wednesday, January 25, 2006—FASB Board Meeting
Wednesday, January 25, 2006—FASB Education Session
Monday, January 30, 2006—Liaison Meeting with American Bar Association
Wednesday, February 1, 2006—FASB Board Meeting
Wednesday, February 1, 2006—FASB Education Session
Wednesday, February 8, 2006—FASB Board Meeting
Wednesday, February 8, 2006—FASB Education Session
Wednesday, February 15, 2006—FASB Board Meeting
Wednesday, February 15, 2006—FASB Education Session
Wednesday, February 22, 2006—FASB Board Meeting
Wednesday, February 22, 2006—FASB Education Session