FASB proposals would create GAAP changes for private companies on 3 issues

07/1/2013 | Journal of Accountancy online

The Financial Accounting Standards Board on Monday proposed alternatives for private companies within U.S. GAAP that originated with the Private Company Council, which was created last year to help create such changes. The proposed changes would involve accounting for intangible assets in business combinations, goodwill and certain types of interest rate swaps.

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