SBAC Holds May 2021 Meeting May 25, 2021 The Small Business Advisory Committee (SBAC) held a virtual meeting with the FASB on May 13, 2021. Topics discussed at the meeting included: Disclosure of supplier finance programs involving trade payables. Improving the accounting for asset acquisitions and business combinations. Identifiable intangible assets and subsequent accounting for goodwill. For more information, see the meeting recap on the FASB’s Web site.