Emerging Issues Task Force

EITF Meeting Materials

June 15, 2006 Meeting

1. EITF Issue No. 06-2, "Accounting for Sabbatical Leave and Other Similar Benefits Pursuant to FASB Statement No. 43, Accounting for Compensated Absences"
   • Comment Letter No. 1, Curia Generalizia della Compagnia di Gesu
   • Comment Letter No. 2, McDonald's Corporation

2. EITF Issue No. 06-3, "How Taxes Collected from Customers and Remitted to Governmental Authorities Should Be Presented in the Income Statement (That Is, Gross versus Net Presentation)"
   • Comment Letter No. 1, Deloitte & Touche LLP
   • Comment Letter No. 2, Kaufmann Gallucci & Grumer LLP
   • Comment Letter No. 3, Advance Stores Company, Inc
   • Comment Letter No. 4, Credit Suisse Group
   • Comment Letter No. 5, Costco Wholesale Group
   • Comment Letter No. 6, Retail Industry Leaders Association
   • Comment Letter No. 7, National Retail Federation
   • Comment Letter No. 8, Virgin Mobile USA, LLC

3. EITF Issue No. 05-1, "Accounting for the Conversion of an Instrument That Became Convertible upon the Issuer's Exercise of a Call Option"
   • Comment Letter No. 1, Prudential Financial, Inc
   • Comment Letter No. 2, Credit Suisse Group

4. Announcement for the EITF IFRIC Observer position

5. EITF Agenda Committee Report (May 5, 2006)

6. EITF Issue No. 05-1, "Accounting for the Conversion of an Instrument That Becomes Convertible upon the Issuer's Exercise of a Call Option," Issue Summary No. 1, Supplement No. 4

7. EITF Issue No. 06-2, "Accounting for Sabbatical Leave and Other Similar Benefits Pursuant to FASB Statement No. 43, Accounting for Compensated Absences," Issue Summary No. 1, Supplement No. 1

8. EITF Issue No. 06-3, "How Taxes Collected from Customers and Remitted to Governmental Authorities Should Be Presented in the Income Statement (That Is, Gross versus Net Presentation)," Issue Summary No. 1, Supplement No. 1

9. EITF Issue No. 06-4, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements"
   • Comment Letter No. 2A
   • Comment Letter No. 3A

10. EITF Issue No. 06-5, "Accounting for Purchases of Life Insurance—Determining the Amount That Could Be Realized in Accordance with FASB Technical Bulletin No. 85-4, Accounting for Purchases of Life Insurance," Issue Summary No. 1

11. EITF Issue No. 05-7, "Accounting for Modifications to Conversion Options Embedded in Debt Instruments and Related Issues," Issue Summary No. 1, Supplement No. 1

12. EITF Issue No. 06-1, "Accounting for Consideration Given by a Service Provider to Manufacturers or Resellers of Equipment Necessary for an End-Customer to Receive Service from the Service Provider," Issue Summary No. 1, Supplement No. 1

13. EITF Issue No. 06-4, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," Issue Summary No. 1, Supplement No. 1

14. EITF Issue No. 06-5, "Accounting for Purchases of Life Insurance—Determining the Amount That Could Be Realized in Accordance with FASB Technical Bulletin No. 85-4, Accounting for Purchases of Life Insurance"
    • Comment Letter No. 1
    • Comment Letter No. 2

15. EITF Issue No. 06-1, "Accounting for Consideration Given by a Service Provider to Manufacturers or Resellers of Equipment Necessary for an End-Customer to Receive Service from the Service Provider," Comment Letter No. 1