Financial Accounting Standards Board (FASB)
Accounting Alternatives for Private Companies – 2014
Accounting Alternatives for Private Companies – 2014
On January 16, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates No. 2014-02 and 2014-3. These updates proactively define a private company and set standards for accounting for goodwill and a simplified hedge accounting approach. Definition of a Private Company The FASB decided that it should proactively determine which entities would be within […]