FASB to issue 3 Private Company Council initiatives for public review

06/13/2013 | JournalofAccountancy.com

The Financial Accounting Standards Board has voted to issue exposure drafts for changes to U.S. generally accepted accounting principles for private companies, expected to be available for comment this month. The changes relate to the recognition of intangible assets acquired in a business combination and the amortization of goodwill; they also simplify accounting for certain types of interest-rate swaps.

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