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
July 9
FASB Board Meeting, 8:00 a.m. EDT
  1. Disclosure framework: disclosure review—fair value measurement. The Board will discuss disclosures related to fair value measurements, specifically measurement uncertainty, and transition.
  2. Clarifying the definition of a business. The Board will discuss transition and decide whether to proceed to drafting a proposed Accounting Standards Update.
  3. Disclosures by business entities about government assistance. The Board will continue deliberations, discussing potential disclosure requirements, refinements to the scope, and transition.
  4. Revenue recognition—deferral of the effective date of ASU 2014-09. The Board will discuss comments received on its April 2015 Proposed Accounting Standards Update, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, and decide whether to proceed to a final Accounting Standards Update.
  5. Ratification of EITF consensuses and tentative conclusions. The Board will decide whether to approve the following consensuses reached at the June 18, 2015 Emerging Issues Task Force meeting and to issue Accounting Standards Updates:
    1. Issue No. 15-C, “Employee Benefit Plan Simplifications”
    2. Issue No. 15-A, “Application of the Normal Purchases and Normal Sales Scope Exception to Certain Electricity Contracts within Nodal Energy Markets.”
    The Board also will decide whether to approve the following consensuses-for-exposure reached at the EITF meeting and to issue proposed Accounting Standards Updates:
    1. Issue No. 15-D, “Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships”
    2. Issue No. 15-E, “Contingent Put and Call Options in Debt Instruments.”
  6. Open discussion. If necessary, the Board will discuss minor issues on technical projects or administrative matters.
Register to observe meeting in person
July 13
Meeting of the FASB/IASB Joint Transition Resource Group for Revenue Recognition, 7:00 a.m. EDT

This joint videoconference meeting may be observed in person at the FASB offices (registration required) or through a video webcast.

The transition resource group will meet with representatives of both Boards to discuss possible issues that might arise when companies and organizations implement Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), and IFRS 15, Revenue from Contracts with Customers. A list of specific issues to be discussed and related materials will be posted to the FASB website in advance of the meeting.

Register to observe meeting in person
Tentatively Scheduled Meetings

The following is a list of open meetings tentatively scheduled. Observers will be able to register for these meetings after the meetings have been formally announced (usually 1 week before the meetings or 30 days before if it is a Roundtable Meeting).

July 21 Private Company Council Meeting
July 24 FASB Board Meeting
July 29 FASB Board Meeting