Proposal exempts private firms from breaking out certain intangibles

BVWireIssue #144-3
September 24, 2014

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.

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