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Heads Up — FASB Proposes Alternative Accounting for Private Companies

Volume 20, Issue 21


This Heads Up discusses the FASB’s three recently issued proposed Accounting Standards Updates that would allow private companies to simplify their reporting under U.S. GAAP by using alternative approaches to account for (1) intangible assets acquired in a business combination, (2) goodwill, and (3) certain types of interest rate swaps.

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