PCC Holds April 2021 Meeting | DART – Deloitte Accounting Research Tool

April 30, 2021

The Private Company Council (PCC) held a meeting with the FASB on April 20, 2021. Topics discussed at the meeting included:

Issues related to the FASB’s proposed Accounting Standards Update (ASU) on determining the current price of an underlying share for equity-classified share-option awards.
Items to add to the PCC’s technical agenda.
ASU 2021-03, which provides an accounting alternative for evaluating goodwill triggering events.
Research findings related to profits interests and their interrelationship with partnership accounting.
Current issues in financial reporting related to the COVID-19 pandemic.
Postimplementation feedback related to the revenue recognition standard.
Potential disclosure of supplier finance programs that involve trade payables.
The FASB’s projects on (1) the discount rate for lessees that are not public business entities and (2) simplifying the balance sheet classification of debt.

The next PCC meeting is scheduled for June 21–22, 2021. For more information, see the meeting recap and meeting minutes on the FASB’s Web site.