Private Company Council (PCC)

PCC Meeting Schedule

2019

The PCC meetings will be video-webcast live at www.fasb.org.

Those interested in observing the meeting in person must reserve a seat in advance, as seating is limited.
  • Tuesday, April 2, 2019 (Norwalk)
  • Tuesday, June 25, 2019 (Norwalk)
  • Wednesday, September 11, 2019 (Norwalk)
  • Monday, December 16 and Tuesday, December 17, 2019 (Norwalk)

2020

The PCC meetings will be video-webcast live at www.fasb.org.

Those interested in observing the meeting in person must reserve a seat in advance, as seating is limited.
  • Thursday, April 16 and Friday, April 17, 2020 (Norwalk)
  • Monday, June 29 and Tuesday, June 30, 2020 (Norwalk)
  • Monday, September 21 and Tuesday, September 22, 2020 (Norwalk)
  • Thursday, December 3 and Friday, December 4, 2020 (Norwalk)

PCC Outreach Meetings

Upcoming PCC Town Hall Meetings:
  • June 2019, Town Hall Meeting (AICPA ENGAGE 2019), Las Vegas, NV
  • August 2019, Town Hall Meeting [the American Accounting Association (AAA) meeting and, possibly, the National Venture Capital Association (NVCA) meeting]
  • October 2019, Town Hall Meeting (the California Society of CPA’s Accounting & Auditing Conference, Burbank, CA)
  • Fall 2019, Town Hall Meeting [the Risk Management Association (RMA)]
 

PCC Outreach Meetings Archive

Prior PCC Town Hall Meetings:
  • Friday, October 26, 2018 Town Hall Meeting (Hosted by Risk Management Association (RMA) Philadelphia, PA)
  • Thursday, June 21, 2018 FASB and PCC Town Hall Meeting (Montana Society of CPAs), Missoula, MT
  • Tuesday, June 12, 2018 Town Hall Meeting (National Advanced Accounting and Auditing Technical Symposium (NAATS)), Las Vegas, NV
  • Thursday, August 31, 2017 Remarks of FASB Chairman Russell G. Golden at the Private Company Town Hall hosted at the Georgia Society of CPAs 2017 Southeastern Accounting Show in Atlanta, GA
    Complete Text of Speech
  • Tuesday, June 13, 2017 Town Hall Meeting (National Advanced Accounting and Auditing Technical Symposium (NAATS)), Las Vegas, NV
    Part 1–Download Video | Part 2–Download Video
  • Friday, July 22, 2016 Town Hall Meeting (National Advanced Accounting and Auditing Technical Symposium (NAATS))
    Download Video
  • Monday, June 13, 2016 Town Hall Meeting (Baruch College, New York, NY)
    Download Slide Presentation  |  Download Audio
  • Wednesday, November 18, 2015 Town Hall Meeting (in conjunction with the AICPA Controllers' Conference, Orlando, FL)
    Download Audio
  • Tuesday, July, 14, 2015 Town Hall Meeting (in conjunction with the AICPA NAAATS Conference, Baltimore, MD)
    Video
  • Tuesday, April, 28, 2015 Town Hall Meeting (Southern Methodist University, Dallas, TX)
    Download Audio
  • Thursday, July, 10, 2014 Town Hall Meeting (Bellagio, Las Vegas, NV)
    Download Audio
  • Thursday, May 8, 2014 Town Hall Meeting (University of Washington, Seattle, WA)
    Download Audio
  • Monday, November 4, 2013 Town Hall Meeting (Ohio State University, Columbus, OH)
    Download Audio
 

PCC Meeting Materials

Wednesday September 11, 2019
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1: Town Hall Update—No materials expected
    • Agenda Topic 2: Effective Dates (consideration for private companies, not-for-profit organizations, and small public companies)—Presentation and proposed Update
    • Agenda Topic 3: Reference Rate Reform: Facilitation of the Effects of the Interbank Offered Rate Transition on Financial Reporting—Meeting Handout and proposed Update
    • Agenda Topic 4: Distinguishing Liabilities from Equity (Including Convertible Debt)—Presentation and proposed Update
    • Agenda Topic 5: Implementation Topics—Leases—No materials expected
    • Agenda Topic 6: Identifiable Intangible Assets and Subsequent Accounting for Goodwill—Presentation and ITC
    • Agenda Topic 7: Simplifying the Balance Sheet Classification of Debt—Presentation and Board Meeting Handout (July 31, 2019)
    • Agenda Topic 8: PCC Issue No. 2018-01, “Practical Expedient to Measure Grant-Date Fair Value of Equity-Classified Share-Based Awards”—Memo
  • Meeting Recap
  • Minutes
Monday, June 24, 2019, and Tuesday, June 25, 2019
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1: Town Hall Update—No materials expected
    • Agenda Topic 2: Implementation Topics—Leases—No materials expected
    • Agenda Topic 3: Identifiable Intangible Assets and Subsequent Accounting for Goodwill—Presentation
    • Agenda Topic 4: Effective Dates—Presentation
    • Agenda Topic 5: Reference Rate Reform: Facilitation of the Effects of the Interbank Offered Rate Transition on Financial Reporting—Presentation
    • Agenda Topic 6: Implementation Topic—Current Expected Credit Losses (CECL)—Presentation
    • Agenda Topic 7: Simplifications to Accounting for Income Taxes—Presentation & Proposed Update
    • Agenda Topic 8: Emerging Issues Task Force (EITF) Update—No materials expected
    • Agenda Topic 9: Implementation Topic—Revenue—No materials expected
    • Agenda Topic 10: PCC Issue No. 2018-01, “Practical Expedient to Measure Grant-Date Fair Value of Equity-Classified Share-Based Awards”—Presentation
    • Open Discussion—No materials expected
  • Meeting Recap
  • Minutes
Monday, April 1, 2019, and Tuesday, April 2, 2019
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1:  PCC Issue No. 2018-01, “Practical Expedient to Measure Grant-Date Fair Value of Equity-Classified Share-Based Awards”—Paper (also for Day 2 of Public Session)
    • Agenda Topic 2: Town Hall Update—No materials expected
    • Agenda Topic 3: Implementation Topics—Leases—Presentation
    • Agenda Topic 4: Implementation Topics—Revenue—No materials expected
    • Agenda Topic 5: Distinguishing Liabilities from Equity—Presentation
    • Agenda Topic 6: Government Assistance Disclosures—No materials expected
    • Agenda Topic 7: Financial Performance Reporting—Disaggregation of Performance Information—Presentation
    • Agenda Topic 8: Simplifying the Balance Sheet Classification of Debt—Paper
    • Agenda Topic 9: Disclosure Framework: Disclosure Review—Income Taxes—Presentation
    • Agenda Topic 10: Disclosure—Codifying SEC Disclosures—Presentation
    • Open Discussion—No materials expected
  • Meeting Recap
  • Minutes
Tuesday, December 11, 2018
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1: Oversight Committee—PCC Review Discussion—No materials expected
    • Agenda Topic 2: Town Hall Update—No materials expected
    • Agenda Topic 3: Government Assistance DisclosuresPresentation
    • Agenda Topic 4: Goodwill and Certain Identifiable Intangible Assets—Paper
    • Agenda Topic 5: Distinguishing Liabilities from Equity—No materials expected
    • Agenda Topic 6: Research Project—Consideration of Certain Public Company Disclosures for Codification—Paper
    • Agenda Topic 7: Share-Based Payments—Paper
    • Open Discussion—No materials expected
  • Meeting Recap
  • Minutes
Tuesday, October 9, 2018
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1: Consolidation Targeted Improvements to Related Party Guidance for Variable Interest Entities—No materials expected
    • Agenda Topic 2: Lessor Narrow-Scope Improvements—No materials expected
    • Agenda Topic 3: Distinguishing Liabilities from Equity—Presentation
    • Agenda Topic 4: Disclosure Framework: Disclosure Review—Income Taxes—Paper
    • Agenda Topic 5: Employee Share-Based Compensation—No materials expected
    • Open Discussion—No materials expected
  • Meeting Recap
  • Minutes
Tuesday, June 26, 2018
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1: Town Hall Update—No materials expected
    • Agenda Topic 2: Cloud Computing
    • Agenda Topic 3: Employee Share-Based Compensation—No materials expected
    • Agenda Topic 4: Revenue Recognition—No materials expected
    • Open Discussion—No materials expected
  • Meeting Recap
  • Minutes
     
Friday, April 20, 2018
  • Agenda
  • Meeting Memos and Slide Presentations:
    • Agenda Topic 1: Collaborative Arrangement—No materials expected
    • Agenda Topic 2: Consolidations—No materials expected
    • Agenda Topic 3: Cloud Computing
    • Agenda Topic 4: Employee Share-Based Compensation—No materials expected
    • Open Discussion—No materials expected
  • Meeting Recap
  • Minutes

PCC Meeting Materials Archive

Friday, December 8, 2017
Tuesday, September 19, 2017
Tuesday, July 11, 2017 Tuesday, April 4, 2017
Tuesday, December 13, 2016
Friday, September 30, 2016
Tuesday, July 19, 2016
Tuesday, April 12, 2016
Friday, December 4, 2015
Friday, September 25, 2015
Tuesday, July 21, 2015 Tuesday, May 5, 2015
Friday, February 13, 2015
Thursday, December 11, 2014
Tuesday, September 16, 2014
Tuesday, July 15, 2014
Tuesday, April 29, 2014
Tuesday, January 28, 2014
  • Agenda
  • Issue Summaries
    • PCC Issue No. 13-01A, "Accounting for Identifiable Intangible Assets in a Business Combination," Issue Summary No. 1, Supplement No. 3
    • PCC Issue No. 13-02, "Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements," Issue Summary No. 1, Supplement No. 2
    • PCC Issue No. 13-03B, "Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps—Combined Instruments Approach," Issue Summary No. 1, Supplement No. 2.
  • Media Meeting Recap
  • Minutes

Tuesday, November 12, 2013
Monday, September 30, 2013 and Tuesday, October 1, 2013
  • Agenda
  • Issue Summaries
    • PCC Issue No. 13-01A, "Accounting for Identifiable Intangible Assets in a Business Combination," Issue Summary No. 1, Supplement No. 1
    • PCC Issue No. 13-01A, "Accounting for Identifiable Intangible Assets in a Business Combination," Issue Summary No. 1, Supplement No. 2 (Common Issues)
    • PCC Issue No. 13-01B, "Accounting for Goodwill Subsequent to a Business Combination," Issue Summary No. 1, Supplement No. 1
    • PCC Issue No. 13-01B, "Accounting for Goodwill Subsequent to a Business Combination," Issue Summary No. 1, Supplement No. 2 (Common Issues)
    • PCC Issue No. 13-03, "Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps," Issue Summary No. 1, Supplement No. 1 
  • Minutes

Monday, July 15 and Tuesday, July 16, 2013
  • Agenda
  • Issue Summaries
    • PCC Issue No. 13-02, "Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements," Issue Summary No. 1 REVISED
    • PCDMF Memo 2, Invitation to Comment, Comment Letter Analysis
    • PCDMF Memo 3, Invitation to Comment, Guide Deliberations and Decision
  • Minutes

Monday, May 6 and Tuesday, May 7, 2013
  • Agenda
  • Issue Summaries
    • Private Company Council (PCC) Issue No. 1, "Accounting for Identifiable Intangible Assets in a Business Combination and Subsequent Accounting for Goodwill," Issue Summary No. 1
    • PCC Issue No. 13-02, "Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements," Issue Summary No. 1
    • PCC Issue No. 13-03, "Accounting for Receive-Variable, Pay-Fixed Interest Rate Swaps," Issue Summary No. 1
       
Tuesday, February 12, 2013
Thursday, December 6, 2012