February 2009 Event Friday, February 13 Meeting with the Financial Crisis Advisory Group, 9:30 a.m. to 1:30 p.m. (This meeting is available by audio webcast.)
Baruch College Newman Conference Center, Room H750 151 East 25th Street, 7th Floor New York, NY 10010
The Financial Crisis Advisory Group will hold its second of several meetings to identify and discuss financial reporting matters highlighted by the global financial crisis. (If you are interested in attending the public portion of the meeting, please view the Financial Crisis Advisory Group Meeting Schedule.)
The group primarily will focus on:
The role of general purpose financial reporting and to what extent it is related to financial stability objectives Fair value accounting, including to what extent it is or should be procyclical Loan provisioning Off-balance-sheet treatment of securitizations and other structured entities.
The primary function of the advisory group is to advise the FASB and the IASB about standard-setting implications of the global financial crisis and potential changes to the global regulatory environment.
Wednesday, February 18, FASB Board Meeting, 9:00 a.m. (This meeting will be available by audio webcast and telephone.)
Going concern (estimated 25-minute discussion). The Board will redeliberate issues raised by respondents to the 2008 FASB Exposure Draft, Going Concern.
Subsequent events (estimated 20-minute discussion). The Board will redeliberate issues raised by respondents to the 2008 FASB Exposure Draft, Subsequent Events.
Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
Wednesday, February 18 FASB Education Session, following the Board Meeting
Consolidations—discuss the IASB Exposure Draft (ED 10) on consolidated financial statements, and the similarities and differences between that IASB Exposure Draft and the FASB Exposure Draft, Amendments to FASB Interpretation No. 46(R).
Accounting for assets acquired and liabilities assumed in a business combination that arise from contingencies—discuss proposed FSP FAS 141(R)-a, Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That Arise from Contingencies, based on comment letters received.
Friday, February 20 FASB/IASB Joint Videoconference Board Meeting, 8:00 a.m. [Canceled] (This meeting only is available to the public via webcast through the IASB website.)
Financial instruments—improvements to recognition and measurement (estimated 1-hour discussion). The staff will provide the joint Boards with an update on any discussion from the February 13, 2009 Financial Crisis Advisory Group meeting, as it relates to the joint financial instruments—improvements in recognition and measurement project. This meeting is informational and no Board decisions are expected.
February 25 FASB Board Meeting February 25 FASB Education Session March 2009 Event March 4 FASB Board Meeting March 4 FASB Education Session March 5 Meeting with the Financial Crisis Advisory Group, NYC March 6 FASB Roundtable Meeting on Disclosure of Certain Loss Contingencies March 11 FASB Education Session March 17 FASB Board Meeting March 18 FASB Board Meeting March 18 FASB Education Session March 18 Emerging Issues Task Force Meeting, p.m. March 19 Emerging Issues Task Force Meeting March 23 FASB/IASB Joint Board Meeting, London March 24 FASB/IASB Joint Board Meeting, London March 26 FASB Education Session March 31 Financial Accounting Standards Advisory Council Meeting