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Summary of the December 2015 PCC meeting

  • PCC meeting Image

Dec 08, 2015

At last week’s meeting, the Private Company Council (PCC) decided to (1) approve issuance of a standard that would remove the effective dates of four Accounting Standards Updates issued in 2014 and (2) add a project on variable interest entities to its agenda.

In addition, the PCC discussed the FASB’s  projects on (1) the Board’s review of income tax disclosure requirements under the disclosure framework and (2) improving the presentation of net periodic pension cost and net periodic postretirement benefit cost.

For more information, see the media meeting 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.