PCC Holds Meeting

The FASB’s Private Company Council (PCC) held a meeting on September 28–29, 2026. Topics discussed at the meeting included:

• The PCC’s current agenda priorities, including its research projects on employee stock ownership plans and simplifications to lease accounting.
• An update on certain FASB projects, including those on (1) the accounting for changes in debt, (2) application of the normal purchases and normal sales scope exception in ASC 815 to retail electricity contracts, (3) consideration payable to a customer, (4) accounting for nonrefundable transferable tax credits, and (5) topics related to the Board’s invitation to comment on its agenda consultation.
• Other developments at the FASB, including recent final and proposed standards that have been released, upcoming projects, the postimplementation review of the Board’s credit standard, and its research project related to current trends and emerging issues.

For more information, see the meeting recap on the FASB’s Web site.