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Technical

FASB issues private company alternative for certain intangible assets Logo aicpa

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  Ken Tysiac |   Free |   AICPA |   23 Dec 2014 |   Journal of Accountancy
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FASB issued a GAAP alternative that is designed to make accounting for certain intangible assets acquired in a business combination less costly and less complicated for private companies.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Intermediate

1 Comments/Reflections

Bekithemba Hwalima

Bekithemba Hwalima Jun 2015

This article has been very helpful to me as our company is currently engaged in an acquisition and the correct recognition of intangible assets will be an important part of correctly accounting for the transaction.

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