Should You Adopt Private Company Council Accounting Alternatives?

In an attempt to simplify accounting for smaller private companies, the Financial Accounting Standards Board (FASB) created the Private Company Council (PCC) to determine accounting alternatives. Private companies may be able to save time and money by taking advantage of accounting alternatives related to goodwill, interest rate swaps, common control leasing arrangements, and intangible assets. Watch CRI’s Bruce Nunnally explain whether it’s a good idea to adopt these alternatives—an answer that is very timely since the PCC has recently asked for an analysis of potentially granting private companies an unconditional option to make a first-time election of private company alternatives.

2018-11-12T15:51:46+00:00May 23rd, 2015|BUSINESS CONSULTING, VIDEO|