Action Alert No. 08-28 July 10, 2008

FASB: Action Alert No. 08-28

Action Alert No. 08-28
July 10, 2008

NOTICE OF MEETINGS

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

Wednesday, July 16, 2008, 9:00 a.m.

  1. Revenue recognition (estimated 1-hour discussion). The Board will discuss a revised measurement chapter that reflects the Board’s tentative decision to use a customer consideration measurement approach. The Board also will discuss the proposed plan to complete this project by June 2011.

  2. Statement 140 implementation: transfers of financial assets (estimated 1-hour discussion). The Board will discuss whether to eliminate the practicability exception in paragraph 71 of FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, that relates to fair value measurement. The Board also will discuss other drafting issues related to a proposed Exposure Draft to amend Statement 140.

  3. Disclosures about plan assets (estimated 1-hour discussion). The Board will begin redeliberations and discuss comments received on proposed FSP FAS 132(R)-a, Employers’ Disclosures about Postretirement Benefit Plan Assets.

  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.

OPEN EDUCATION SESSION

Wednesday, July 16, 2008, following the Board meeting

The Board will hold an educational, non-decision-making session to discuss topics that are anticipated to be discussed at a future Board meeting. Those topics will be posted to the FASB calendar four days prior to the education session.

BOARD ACTIONS

No Board meetings were held during the week of June 30, 2008.

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 23, 2008—FASB Board Meeting
Wednesday, July 23, 2008—FASB Education Session
Wednesday, July 30, 2008—FASB Board Meeting
Wednesday, July 30, 2008—FASB Education Session
Wednesday, August 6, 2008—FASB Board Meeting
Wednesday, August 6, 2008—FASB Education Session
Wednesday, August 13, 2008—FASB Board Meeting
Wednesday, August 13, 2008—FASB Education Session
Wednesday, August 27, 2008—FASB Board Meeting
Wednesday, August 27, 2008—FASB Education Session