Notice of Open Meetings

Unless otherwise announced, all meetings are held in the Board room at the FASB offices and are video or audio webcast on the FASB website and the FASB YouTube channel. If you have any questions, contact the FASB at 203 847-0700.

Scheduled Meetings
December 11
Meeting of the Private Company Council (PCC), 8:30 a.m. – 2:15 p.m. EST

PCC members and FASB members will meet to discuss the following topics:
  1. Definition of a public business entity—part II
  2. TPCC agenda direction on partnership accounting
  3. Update on improvements to share-based payments
  4. Other selected FASB projects.
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December 16
Joint FASB/IASB Videoconference Board Meeting, 8:00 a.m. EST

This joint videoconference meeting may be observed in person at the FASB offices (registration required) or through a video webcast.

Leases. The Boards will continue redeliberations of their May 2013 Exposure Draft, Leases, specifically discussing the definition of a lease.
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December 16
FASB Board Meeting, following the Joint Videoconference Meeting (approximately 9:00 a.m. EST)

Conceptual framework—measurement and presentation. The Board will continue discussing a possible process for establishing standards for determining changes in carrying amounts of assets and liabilities. This meeting will focus on the effects of different types of liabilities on prospects for future cash flows. The Board also will discuss how to define subtotals in the statement of financial position and the statement of financial performance.
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December 17
FASB Board Meeting, 8:00 a.m. EST
  1. Employee share-based payment accounting improvements. The Board will consider whether to simplify the accounting for share-based payments for private companies by providing one or more practical expedients. The Board also will consider which entities should qualify for the proposed expedients and the existing expedients in Topic 718.
  2. Simplifying the subsequent measurement of inventory. The Board will begin redeliberations and discuss a summary of comments received on its July 2014 Proposed Accounting Standards Update, Inventory (Topic 330): Simplifying the Measurement of Inventory, and feedback received from outreach.
  3. Clarifying the definition of a business. The Board will begin deliberations, discussing potential amendments to the definition of a business.
  4. Disclosures by business entities about government assistance. The Board will continue discussing the scope of the project.
  5. Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
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December 18
Financial Accounting Standards Advisory Council Meeting, 8:30 a.m. – 3:00 p.m. EST

The Advisory Council will meet to discuss:
  1. Future financial reporting issues related to changes in financial markets and regulatory developments
  2. Whether internal control or audit failures provide evidence about the need for changes in accounting standards
  3. Consideration of internal control consequences of various types of financial reporting changes.
The Advisory Council also will hear reports from:
  1. The chairman of the FASB on other Board activities
  2. A representative of the Securities and Exchange Commission’s Office of the Chief Accountant
  3. A representative from the Public Company Accounting Oversight Board’s Office of the Chief Auditor.
All of the general sessions of the Advisory Council meeting will be available for public observation. The Advisory Council will hold break-out group sessions from 1:20-2:15 p.m. These break-out group sessions will not be available for public observation; however, the Advisory Council will discuss a summary of the break-out group discussions in the general session scheduled to begin at 2:15 p.m.

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Tentatively Scheduled Meetings

The following is a list of open meetings tentatively scheduled. Observers will be able to register for these meetings after the meetings have been formally announced (usually 1 week before the meetings or 30 days before if it is a Roundtable Meeting).

January 7 FASB Board Meeting
January 14 FASB Board Meeting
January 21 FASB Board Meeting
January 22 Emerging Issues Task Force Meeting
January 26 Meeting of the FASB/IASB Joint Transition Resource Group for Revenue Recognition
January 28 FASB Board Meeting