Accounting and reporting for private companies continues to evolve -- both through the efforts of the Private Company Council (PCC) and new guidance from the FASB.
New FASB stock compensation guidance offers simplifications and practical expedients private companies may want to early adopt.
PwC's summary of the latest deliberations of the Private Company Council (PCC), as well as recent developments and publications addressing the GAAP concerns of private companies.
New FASB stock comp guidance offers simplifications and practical expedients private companies may want to early adopt.
The FASB has amended the effective date and transition requirements for Private Company Council alternatives.
In this webcast, private company specialists Kirsten Schofield, Tom Sullivan, Kassie Bauman, and Tony DiNardo participate in an informative discussion on current accounting and financial reporting developments with a focus on private company considerations. Watch a replay or participate in the on demand (CPE-eligible) version of this webcast.
PwC provides a “one-stop shop” for the standard setting that could affect 2015 private company financial statements.
The FASB has decided upon the effective dates for the Financial Instruments: Classification and Measurement standard.
PwC supports the FASB's proposals to expand the ability of private companies to adopt PCC alternatives.
A forthcoming FASB proposal will ease requirements for companies adopting a PCC alternative after its effective date.
PwC's popular Financial statement presentation guide addresses U.S. GAAP presentation and disclosure requirements of common balance sheet and income statement accounts.
The Private Company Council's standard setting has added value. Advising ongoing FASB projects should be its next focus.