PCC Holds June 2019 Meeting

At its June 24–25, 2019, meeting, the Private Company Council (PCC) and FASB discussed (1) the practical expedient related to measuring the grant-date fair value of equity-classified share-based payment awards, (2) implementation activities associated with the FASB’s standards on leases and current expected credit losses, (3) identifiable intangible assets and subsequent accounting for goodwill, (4) considerations related to additional delays in the effective dates of standards for private companies, (5) reference rate reform, (6) simplifications to the accounting for income taxes, and (7) EITF updates.

The next PCC meeting is scheduled for September 10–11, 2019. For more information, see the media recap on the FASB’s Web site.