PCC Holds April 18 Meeting

The Private Company Council (PCC) held a meeting with the FASB on April 18, 2024. Topics discussed at the meeting included:

• Priorities for the PCC’s agenda.
• The PCC’s decision not to add a project on stock compensation disclosures to its agenda.
• An update on the FASB’s project on accounting for and disclosure of software costs.
• The FASB’s recent decisions in its project on accounting for government grants.
• Private companies’ implementation of the guidance on credit losses in ASC 326.
• The PCC’s support for the guidance in FASB Accounting Standards Update No. 2024-01, Scope Application of Profits Interest and Similar Awards.
• Feedback received at the March 2024 liaison meeting with the Small Business Committee of the Institute of Management Accountants.

The next PCC meeting is scheduled for June 24, 2024. For more information, see the meeting recap on the PCC’s Web site.