PCC Holds December 2021 Meeting December 22, 2021 The Private Company Council (PCC) held a meeting with the FASB on December 17, 2021. Topics discussed at the meeting included: Profits interest awards and their interrelationship with partnership accounting. FASB agenda consultation research project. Share-based payment disclosures. Joint venture formations. Leases. Current issues in financial reporting. The next PCC meeting is scheduled for April 21–22, 2022. For more information, see the meeting recap on the FASB’s Web site.