Nonpublic Entity Resources

(Updated sections are indicated with an asterisk *)

This page provides a summary of the FASB’s activities that the staff views to be particularly relevant for nonpublic entity constituents. Please refer to the FASB website for complete information regarding FASB activities.

FASB Agenda Projects

*Agenda Projects Focusing on Nonpublic Entity Issues


Project Most Recent Decision

Date

Link

Consolidation (Topic 810): Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements Final ASU March 2014
 
Definition of a Nonpublic Entity Final ASU December 23, 2013
Private Company Decision-Making Framework Final Guide December 23, 2013
Business Combinations (Topic 805) Accounting for Identifiable Intangible Assets in a Business Combination PCC decisions reached January 28, 2014
Intangibles-Goodwill and Other (Topic 350) Accounting for Goodwill Final ASU January 16, 2014
Derivatives and Hedging (Topic 815) Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps– Simplified Hedge Accounting Approach
 
Final ASU January 16, 2014
Derivatives and Hedging (Topic 815) Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps – Combined Instrument Method
 
PCC decisions reached January 28, 2014
Not-for-Profit Financial Reporting: Financial Statements Presentation and Disclosure Liquidity March 12, 2014
 

Private Company Council

Standing Agenda Item added to FASB Technical Agenda

May 1, 2013

*Nonpublic Entity Decisions in Other FASB Agenda Projects

This section contains links to the most recent decisions that are particularly relevant to nonpublic entities for each project.

[Please note that the following is not a complete list of all FASB tentative decisions reached that would apply to nonpublic entities. All such decisions generally are posted to individual web pages for each respective technical project. For details by project, please see the technical plan.]

Project Most Recent Decision for Nonpublic Entities

Date

Link

Disclosure Framework – Board’s Decision Process Exposure Draft Issued March 4, 2014
Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists Final ASU July 18, 2013
Insurance Exposure Draft Issued


Overall Scope, Alternative Approaches to Redeliberation Topics
June 27, 2013

February 19, 2014
Fair Value Measurement (Topic 820): Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04 Final ASU July 8, 2013
Leases Exposure Draft Issued


FASB and IASB began deliberations
May 16, 2013


January 23, 2014
EITF Issue 12-B, "Not-for-Profit Entities: Services Received from Employees of an Affiliate"  Final ASU April 19, 2013
Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities-Proposed Amendments to the FASB Accounting Standards Codification Exposure Draft Issued April 12, 2013
EITF Issue 12-F, "Recognition of New Accounting Basis (Pushdown) in Certain Circumstances." EITF Meeting discussion November 12, 2013
Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities Exposure Draft Issued


Board continued redeliberations
February 14, 2013

March 12, 2014
Financial Instruments – Credit Impairment Exposure Draft Issued


Board continued redeliberations
December 20, 2012

March 12, 2014
Going Concern Exposure Draft Issued


Comment Letter Discussion
June 26, 2013

November 6, 2013
Technical Corrections and Improvements Final ASU for 2013 project March 14, 2014
“Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows” Final ASU October 2012
Impairment of Indefinite-Lived Intangible Assets Final ASU July 27, 2012
“Derecognition of inSubstance Real Estate—a Scope Clarification” Final ASU December 2012

Revenue Recognition

Staff drafting final ASU

November 6, 2013

 

Disclosures about an Employer’s Participation in A Multiemployer Plan

Final ASU

September 21, 2011

Intangibles—Goodwill Impairment

Final ASU

September 15, 2011


To view archived public meetings, please see Webcast - Archived Recordings. [Please note, recordings are available for thirty days following the meeting date.]

In addition, the Board’s Action Alert Service by email is a useful way to stay well-informed about decisions reached, due-process documents and Accounting Standards Updates issued, and upcoming meetings of the Board and its advisory groups.

Meetings and Other Outreach Activities

The FASB and its staff conduct meetings and other outreach activities in order to solicit input from stakeholders throughout its standard-setting process. This section contains links to upcoming meetings and other outreach activities that are particularly relevant to nonpublic entities, as well as links to the most recent minutes of each respective meeting or other outreach activity.

Upcoming

Meeting Dates

Description

Location

December 10-11, 2014 Private Company Council Norwalk, CT
November 4, 2014 Small Business Advisory Committee (SBAC) Norwalk, CT
September 15-16, 2014 Private Company Council Norwalk, CT (tentative)
September 4-5, 2014 Not-for-Profit Advisory Committee (NAC) Norwalk, CT
July 14-15, 2014 Private Company Council Norwalk, CT
May 8, 2014 Private Company Council Townhall Meeting Seattle, WA
May 6, 2014 Small Business Advisory Committee (SBAC) Norwalk, CT
April 28-29, 2014 Private Company Council Norwalk, CT

Recent


Organization

Most Recent Meeting Date

Link

Not-for-Profit Advisory Committee (NAC) March 10-11, 2014
Private Company Council January 28, 2014
FASB Update Webcast December 16, 2013
Private Company Council November 12, 2013
Small Business Advisory Committee (SBAC) November 7, 2013
Private Company Council Townhall Meeting November 4, 2013
AICPA Auditing Standards Board Audit Issues Task Force Liaison Meeting October 11, 2013
  • N/A
Leases Nonpublic Entity Roundtable October 3, 2013
  • N/A
Private Company Council October 1, 2013
Technical Issues Committee of the AICPA Private Company Practice Section Liaison Meeting September 27, 2013
  • N/A
Not-for-Profit Advisory Committee (NAC) September 9-10, 2013
Private Company Council July 16, 2013
FASB Update Webcast June 5, 2013
Private Company Council May 6-7, 2013
Small Business Advisory Committee (SBAC) April 30, 2013
National Association of College and University Business Officers April 5, 2013