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Public Companies Could Win Same Exception Given to Privates on Intangible Assets

Tammy Whitehouse | January 9, 2015

Public companies could eventually see a simpler method allowed for the accounting of intangible assets in a business combination after it was recently permitted for private companies.

The Financial Accounting Standards Board is taking a fresh look at an intangible asset accounting alternative it just permitted for private companies to see if it should be extended to public companies and not-for-profit organizations as well. FASB’s Private Company Council persuaded FASB to permit the alternative for private companies to avoid unnecessary cost and complexity when measuring certain customer-related intangible assets and non-competition agreements.

FASB recently adopted Accounting Standards Update No. 2014-18 to provide...

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