PCC Holds December 2019 Meeting

The Private Company Council (PCC) held a meeting with the FASB on December 16, 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.
• Identifiable intangible assets and the subsequent accounting for goodwill.
• Distinguishing liabilities from equity (including convertible debt).
• EITF Issue on issuers’ accounting for equity-classified warrant modifications.
• Simplifying the balance sheet classification of debt.

The next PCC meeting is scheduled for April 16–17, 2020. For more information, see the meeting minutes on the FASB’s Web site.