PCC Holds April 2020 Meeting

The Private Company Council (PCC) held a meeting with the FASB on April 17, 2020.

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.
• Progress with implementing the revenue recognition standard.
• Overview of the conceptual framework projects related to elements, measurement, and presentation.
• Emerging financial reporting issues that affect private companies, including those related to leases, fair value measurement, interest income recognition, and small business administration loans.
• Research findings related to trends associated with audited GAAP-based financial statements for private companies.

The next PCC meeting is scheduled for June 25, 2020. For more information, see the meeting recap and meeting minutes on the FASB’s Web site.