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PCC holds September 2019 meeting

  • PCC meeting Image

Sep 19, 2019

The Private Company Council (PCC) held a meeting with the FASB on September 11, 2019.

Topics discussed at the meeting included:

  • A potential practical expedient related to measuring the grant-date fair value of equity-classified share-based payment awards.
  • Implementation issues associated with private companies’ adoption of the FASB’s new leasing standard, ASU 2016-02.
  • Identifiable intangible assets and the subsequent accounting for goodwill.
  • Simplifying the balance sheet classification of debt.
  • Distinguishing liabilities from equity (including convertible debt).
  • Reference rate reform: facilitation of the effects of the interbank offered rate transition on financial reporting.
  • The FASB’s new effective-date philosophy.

The next PCC meeting is scheduled for December 16–17, 2019. For more information, see the meeting recap on the FASB’s Web site.

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