A forthcoming FASB proposal will ease requirements for companies adopting a PCC alternative after its effective date. Read more
A forthcoming FASB proposal will ease requirements for companies adopting a PCC alternative after its effective date.
The FASB’s proposed simplifications to share-based payment accounting includes topics specific to nonpublic companies.
We provide a “one-stop shop” for the standard setting that could affect your 2014 private company financial statements.
Under the alternative, private companies will not have to separately recognize and measure certain intangible assets.
The Private Company Council (PCC) continues to make progress on simplifying accounting for intangible assets acquired in a business combination.
The PCC continued redeliberation of an alternative for intangible assets in a business combination but made no decision.
In January, the PCC revised, then re-approved an alternative offering private companies an exemption from applying the VIE consolidation model to certain arrangements.
The PCC approved a final standard that offers private companies an exemption from applying the VIE consolidation model to certain common control leasing arrangements.
At its most recent meeting, the PCC approved final standards for the accounting for goodwill and for a simplified hedge accounting model for certain interest rate swaps.
On August 7, the FASB issued an exposure draft on the definition of a public business entity and endorsed the PCC proposal for VIE considerations of common control leases.