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Action Alert No. 07-35
August 30, 2007

NOTICE OF MEETINGS

OPEN BOARD MEETING
(Board meetings are available by audio webcast and telephone.)

Thursday, September 6, 2007, 9:00 a.m.

The Board meeting will be held on Thursday instead of Wednesday.

  1. Accounting for contingencies (estimated 1-hour discussion). The Board will discuss whether to add a project to its agenda to reconsider the provisions for accounting for contingencies previously provided for in FASB Statement No. 5, Accounting for Contingencies.

  2. Useful life and amortization of intangible assets (estimated 1-hour discussion). The Board will discuss (a) alternatives for amortizing intangible assets, (b) the accounting for renewal costs, (c) the need for additional disclosures, and (d) transition and effective date for a proposed FSP.

  3. Open discussion. If necessary, the Board will allow time to discuss minor issues with staff members on technical projects or administrative matters. Those discussions are held following regular Board meetings as topics come up.

OPEN EDUCATION SESSION

Thursday, September 6, 2007, following the Board meeting

The Board will hold an educational, non-decision-making session to discuss topics that are anticipated to be discussed at a future Board meeting. Those topics will be posted to the FASB calendar four days prior to the education session.

OPEN ROUNDTABLE DISCUSSION WITH RESPONDENTS TO THE FASB EXPOSURE DRAFT ON FINANCIAL GUARANTEE INSURANCE CONTRACTS
(This meeting is available by audio webcast and telephone.)

Tuesday, September 4, 2007, 8:30 a.m. – 12:00 p.m.

The Board will hold a public roundtable discussion to listen to the views of and obtain information from respondents to the April 18, 2007 FASB Exposure Draft, Accounting for Financial Guarantee Insurance Contracts.

BOARD ACTIONS

No Board meetings were held during the week of August 20, 2007.

FUTURE OPEN MEETINGS

The following is a list of open meetings tentatively scheduled through October. Because schedules may change, please check the FASB calendar before finalizing your plans. Revisions to this list since the last issue of Action Alert are highlighted in bold.

Tuesday, September 11, 2007—Emerging Issues Task Force Meeting
Wednesday, September 12, 2007—FASB Board Meeting
Wednesday, September 12, 2007—FASB Education Session
Friday, September 14, 2007—Open Meeting with the Joint International Group and Financial Institutions Advisory Group (for the Financial Statement Presentation project)
Wednesday, September 19, 2007—FASB Board Meeting
Wednesday, September 19, 2007—FASB Education Session
Wednesday, September 26, 2007—FASB Board Meeting
Wednesday, September 26, 2007—FASB Education Session
Thursday, September 27, 2007—Liaison Meeting with the Institute of Management Accountants
Wednesday, October 3, 2007—FASB Board Meeting
Wednesday, October 3, 2007—FASB Education Session
Friday, October 5, 2007—Liaison Meeting with the AICPA Private Companies Practice Section, Technical Issues Committee
Wednesday, October 10, 2007—FASB Board Meeting
Wednesday, October 10, 2007—FASB Education Session
Wednesday, October 17, 2007—FASB Board Meeting
Wednesday, October 17, 2007—FASB Education Session
Monday, October 22, 2007—FASB/IASB Joint Board Meeting, Norwalk, CT
Tuesday, October 23, 2007—FASB/IASB Joint Board Meeting, Norwalk, CT
Wednesday, October 24, 2007—FASB/IASB Joint Board Meeting, Norwalk, CT
Wednesday, October 31, 2007—FASB Board Meeting
Wednesday, October 31, 2007—FASB Education Session


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