During a recent meeting, the FASB’s Private Company Council (PCC) voted to finalize an alternative that would exempt private companies from separately recognizing and measuring certain intangibles. The new rule would apply to noncompetition agreements and customer-related intangible assets that are not capable of being sold or licensed independently in a business combination.
back to top
Please let us know
if you have any comments about this article or enhancements you would like to see.