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.

2015
Scheduled Meetings
Friday,
July 24
FASB Board Meeting, 8:00 a.m. EDT
  1. Insurance—targeted improvements to the accounting for long-duration contracts. The Board will continue discussing methods for calculating and recording the effect of updating assumptions used to calculate the liability for future policy benefits.
  2. Financial performance reporting. The Board will continue its discussions, focusing on remeasurements. The staff will present its research on how the concept of a remeasurement could potentially be used to disaggregate and identify different types of earnings components.
  3. Disclosures by business entities about government assistance. The Board will continue deliberations, discussing potential disclosure requirements, refinements to the scope, and transition.
  4. Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
     
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Wednesday,
July 29
FASB Board Meeting, 8:00 a.m. EDT
  1. Conceptual framework:
    1. Presentation. The Board will discuss the following:
      1. Whether the effect of a sale transaction should be reported gross (as revenue and expenses) or net (as a net gain or loss).
      2. Which, if any, items of revenue, expense, gain, or loss should be reported outside of net income (in other comprehensive income). If any are reported in other comprehensive income, the Board also will discuss when or if to “recycle” them to net income.
      3. Whether Concepts Statement 5 precludes allocating cash receipts between categories in the cash flow statement based on estimates.
    2. Measurement. The Board will continue its discussion about the relevance and costs of various possible methods of determining changes in carrying amounts.
  2. Disclosure framework—entity’s decision process. The Board will discuss comments received from external reviewers on a draft of the Board’s preliminary decisions to include additional materiality guidance in Topic 235, Notes to Financial Statements. The Board also will decide whether to proceed with drafting a proposed Accounting Standards Update for vote by written ballot.
  3. Disclosures about hybrid financial instruments that contain bifurcated embedded derivatives. The Board will redeliberate changes proposed in its February 2015 Proposed Accounting Standards Update, Derivatives and Hedging (Topic 815): Disclosures about Hybrid Financial Instruments with Bifurcated Embedded Derivatives, in light of stakeholder feedback received and decide whether to proceed with drafting a final Accounting Standards Update for vote by written ballot.
  4. Revenue recognition—principal versus agent (reporting revenue gross versus net). The Board will discuss whether to include the issue of estimating gross revenue as a principal in the scope of the project. The Board also will discuss the overall benefits, costs, and complexities of the proposed Accounting Standards Update and decide whether to proceed with drafting a final Update for vote by written ballot.
  5. Simplifying the balance sheet classification of debt. The Board will continue deliberations and will discuss whether to proceed with drafting a proposed Accounting Standards Update for vote by written ballot.
  6. Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
     
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2015
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).

Aug 5 FASB Board Meeting
Aug. 19 FASB Board Meeting
Aug. 26 FASB Board Meeting