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
June 13
Emerging Issues Task Force Meeting,
8:30 a.m. – 2:05 p.m. EDT

The Task Force plans to discuss the following issues in the order shown:
  1. Issue No. 18-A, “Recognition under Topic 805 for an Assumed Liability in a Revenue Contract”
  2. Issue No. 19-A, “Financial Instruments—Clarifying the Interaction between Topic 321 and Topic 323”
  3. Issue No. 19-B, “Revenue Recognition—Contract Modifications of Licenses of Intellectual Property”
  4. Other administrative matters.
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June 19
FASB Board Meeting, 9:00 a.m.
  1. Reference rate reform: facilitation of the effects of the interbank offered rate transition on financial reporting. The Board will discuss the effects of reference rate reform on contract modification and the application of potential relief.
  2. Distinguishing liabilities from equity (including convertible debt). The Board will discuss any remaining issues, including comment period, cost-benefit analysis, and whether to proceed to a draft of a proposed Accounting Standards Update for vote by written ballot.
  3. Conceptual framework: elements. The Board will discuss whether (a) an identifiable notion should be included in the explanatory paragraphs of the asset definition and (b) the term control should be included in the definition of an asset.
  4. Conceptual framework: measurement. The Board will discuss a different approach to its project on a measurement chapter of FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting.
  5. Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
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June 20
Financial Accounting Standards Advisory Council Meeting,
8:30 a.m. – 3:00 p.m. EDT

The Advisory Council will meet to discuss:
  1. Effective date consideration for private companies, not-for-profit organizations and small public companies
  2. Implementation of leases
  3. Segment reporting.
The Advisory Council also will hear highlights from:
  1. The FASB chairman
  2. A representative of the Securities and Exchange Commission’s Office of the Chief Accountant
  3. A representative of the Public Company Accounting Oversight Board’s Office of the Chief Auditor.
All of the general sessions of the meeting will be available for public observation. The Advisory Council will hold break-out group sessions from 9:40 – 10:40 a.m. and 12:55 – 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 10:50 a.m. and at 2:05 p.m.

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2019 Tentatively Scheduled Meetings
June 24–25 Meetings of the Private Company Council
June 26 FASB Board Meeting
June 27 Meeting with the Financial Executives International, Committee on Corporate Reporting, White Plains, NY