PCC Holds December 2020 Meeting

The Private Company Council (PCC) held a meeting with the FASB on December 3, 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.
• Current issues in financial reporting.
• Update on the identifiable intangible assets and subsequent accounting for goodwill project.
• Outreach activities of the working group for profits interests and their interrelationship with partnership accounting.
• Progress in implementing the revenue recognition and leases standards.
• Overview of the research project on share-based payment disclosures.

The next PCC meeting is scheduled for April 19–20, 2021. For more information, see the meeting minutes on the FASB’s Web site.