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Summary of the May 2015 PCC meeting

  • PCC meeting Image

May 05, 2015

At today’s meeting, the Private Company Council (PCC) discussed the effective dates of PCC alternatives; share-based payments; and the FASB’s projects on (1) business entities’ disclosures about government assistance, (2) the disclosure framework, and (3) simplifying the balance sheet classification of debt.

In addition, the PCC requested that the FASB conduct research on clarifying the application of certain aspects of the guidance on variable interest entities to private companies under common control.

The next PCC meeting is scheduled for July 21, 2015.

For more in­for­ma­tion, see the media recap on the FASB’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.