United States

FASB Issues Private Company Alternative to Account for Identifiable Intangible Assets

Jan 08, 2015
From the Financial Reporting View

This edition of Defining Issues reports that the FASB and Private Company Council recently issued guidance that gives private companies an alternative to include certain identifiable intangible assets in goodwill when applying purchase accounting in business combinations. All entities other than public business entities, not-for-profit entities, and certain employee benefit plans can elect the alternative.

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