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.

2016
Scheduled Meetings
Tuesday,
December 13
Meeting of the Private Company Council (PCC), 8:30 a.m. – 12:30 p.m. EST

PCC members and FASB members will meet to discuss the following topics:
  1. The FASB project on financial instruments—hedging
  2. The FASB Invitation to Comment, Agenda Consultation, focusing on intangible assets
  3. The FASB project on consolidation reorganization and improvements
  4. The Private Company Decision Making Framework
  5. Definition of a public business entity
  6. Open PCC issues.

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Wednesday,
December 14
FASB Board Meeting, 9:00 a.m. EST
  1. Clarifying the scope of Subtopic 610-20 and accounting for partial sales of nonfinancial assets. The Board will discuss comments received from external reviewers on a draft of the final Accounting Standards Update on other income—gains and losses from the derecognition of nonfinancial assets. The Board also will discuss any remaining issues, including costs and benefits, and decide whether to proceed with drafting a final Update for vote by written ballot.
  2. Revenue recognition of grants and contracts by not-for-profit entities. The Board will continue its deliberations, focusing on improving and clarifying the guidance in Topic 958 for (a) characterizing grants and contracts as reciprocal or nonreciprocal transactions and (b) distinguishing between conditional and unconditional contributions.
  3. Disclosure framework—entity's decision process. The Board will begin its discussion of comments received on the proposed FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 3: Qualitative Characteristics of Useful Financial Information, and on the proposed Accounting Standards Update, Notes to Financial Statements (Topic 235): Assessing Whether Disclosures Are Material.
  4. Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
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Thursday,
December 15
Financial Accounting Standards Advisory Council Meeting, 8:30 a.m. – 3:00 p.m. EST

The Advisory Council will meet to discuss:
  1. The FASB Invitation to Comment, Agenda Consultation, focusing on distinguishing liabilities from equity
  2. FASB projects on disclosure framework.
The Advisory Council also will hear highlights from:
  1. The chairman of the FASB
  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
  4. A FASAC subgroup on hedging.
All the general sessions of the Advisory Council meeting will be available for public observation. The Advisory Council will hold break-out group sessions from 9:25 – 10:30 a.m. and 12:45 – 1:55 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 sessions scheduled to begin at 10:45 a.m. and at 1:55 p.m.

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Friday,
December 16
Public Roundtable Meeting on Consolidation Reorganization and Targeted Improvements

FASB Offices
401 Merritt 7
Norwalk, CT 06856

Session time: 9:00 a.m. – 12:00 p.m. EST

(This meeting will be audio webcast and archived on the FASB website for 30 days following the meeting.)

The FASB will host a public roundtable meeting on its consolidation reorganization and targeted improvements project.

The purpose of the roundtable is to provide an opportunity for stakeholders to provide FASB Board members with feedback on whether the reorganization of the consolidation guidance and possible direction over potential amendments to common control arrangements under the variable interest entity consolidation guidance would decrease cost and complexity in financial reporting, while continuing to provide useful information to users of the financial statements.

The Board is expecting participation from both public and private financial statement users, preparers, auditors, and others. A staff draft of proposed changes to the consolidation guidance will be provided to participants no later than December 7, 2016.

Nonparticipating observers should register in advance. (Seating is available on a first-come, first-served basis.)
 
(New Date)
Friday,
December 16
Public Roundtable Meeting on the FASB Invitation to Comment on Agenda Consultation

FASB Offices
401 Merritt 7
Norwalk, CT 06856

Session time: 1:00 – 4:00 p.m. EST


(This meeting will be audio webcast and archived on the FASB website for 30 days following the meeting.)

The FASB rescheduled its November public roundtable meetings on its August 2016 Invitation to Comment, Agenda Consultation, to December 16, 2016.

The Invitation to Comment solicits feedback about potential financial accounting and reporting topics that the FASB should consider adding to its agenda. The Invitation to Comment describes four major financial reporting topics: (1) intangible assets (including research and development), (2) pensions and other postretirement benefit plans, (3) distinguishing liabilities from equity, and (4) reporting performance and cash flows (including income statement, segment reporting, other comprehensive income, and statement of cash flows). It also seeks feedback on other major areas of financial reporting, beyond those four topics, that the FASB should consider adding to its agenda.

The roundtable provides an opportunity for those who have submitted a comment letter to discuss in greater detail with Board members their feedback on agenda consultation.

Nonparticipating observers should register in advance (seating is available on a first-come, first-served basis).
 
Wednesday,
March 15, 2017
Public Roundtable Meeting on Proposed Improvements to Insurance Accounting

FASB Offices
401 Merritt 7
Norwalk, CT 06856


Session time: 8:30 a.m. – 12:30 p.m. EDT (Depending on stakeholder feedback, the session time may be adjusted, or the Board may convene a second roundtable in the afternoon.)

The FASB will host a public roundtable meeting on its proposed improvements to accounting for long-duration contracts issued by insurance entities. The roundtable is an opportunity for those who have submitted a comment letter on the Proposed Accounting Standards Update, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, to discuss their feedback with the FASB. The Board is seeking participation from financial statement users, preparers, auditors, and others.

Those who wish to participate in the roundtable must submit a comment letter and register online by Thursday, December 15, 2016.

Nonparticipating observers interested in attending the meeting in person should register in advance by Wednesday, March 1, 2017. (Seating is available on a first-come, first-served basis.)

This meeting will be audio webcast and archived on the FASB website for 30 days following the meeting.
 
2016
Tentatively Scheduled Meetings
December 21 FASB Board Meeting
2017
Tentatively Scheduled Meetings
January 11 FASB Board Meeting
January 25 FASB Board Meeting