“Valuation specialists should pay close attention to various PCC proposals,” writes Mark Zyla (Acuitas Inc.) in a recent article in NACVA’s QuickRead. The PCC is the Private Company Council, and in the article Zyla provides a summary of several recommendations the PCC has made to the FASB regarding accounting for goodwill and business combinations.

“Valuation specialists can have a voice in the process,” Zyla writes. He points out that the current proposal for accounting for business combinations has changed “fairly dramatically” from the original proposal, due primarily to comment letters received from interested parties.

More on FV: Zyla is the curator of BVR’s Online Symposium on Fair Value Measurement. He will co-present the final installment, Comparing Fair Value Measurements Under GAAP and IFRS (December 2), with Mauro Bini. These international and domestic experts reveal how best to navigate U.S. GAAP, IFRS, and the FASB amendment seeking to join them together.