On December 17, 2019, the Small Business Advisory Committee (SBAC) and Private
Company Council (PCC) met jointly to discuss (1) reference rate reform and how to
facilitate the effects of the interbank offered rate transition on financial
reporting, (2) equity method accounting for investments, (3) leases, (4) revenue
from contracts with customers, (5) identifiable intangible assets and subsequent
accounting for goodwill, and (6) accounting by a joint venture for nonmonetary
assets contributed by investors.
The next SBAC meeting is scheduled for May 7, 2020. The next PCC meeting is scheduled
for April 16–17, 2020.
For more information, see the meeting recap on the FASB’s Web site.