GAAP Alternatives On Accounting For Goodwill And Other Intangible Assets

Webinar: ID# 1014601
Recorded CD
About This Course:
The Financial Accounting Standards Board (FASB) recently endorsed Private Company Council (PCC) proposals for alternative accounting of goodwill by private companies.

The PCC has also proposed alternative accounting for identified intangible assets in business combinations by private companies.

If elected, the alternative accounting for private companies have material differences from current accounting under generally accepted accounting principles (GAAP. These alternatives may have implications for public companies as well. However, the elections may also have unintended consequences in the financial reporting of private companies. This live webinar will discuss the latest with these proposals.


  • The FASB Recently Endorsed Proposals From the PCC Designed to Reduce the Cost and Complexity of Accounting of Goodwill and Testing for Impairment of Goodwill for Private Companies
  • The PCC Is Also Proposing Alternative Accounting of Acquired Intangible Assets as Part of Business Combinations Which May Be Elected by Private Companies
  • Describe the Various Standards of Accounting Which a Private Company May Use and Their Impact on Accounting for Goodwill
Private Company Council
  • AICPA Blue Ribbon Panel
  • History of PCC
  • Endorsement Process by the FASB
Options for Financial Reporting by Private Companies
  • GAAP
  • IFRS for SMES
  • AICPA's Financial Framework for SMES (OCBOA)
  • PCC Proposals for Private Company Alternative Accounting Under GAAP
Private Company Council Proposals
  • Accounting for Goodwill
  • Accounting for Identified Intangible Assets in Business Combinations
  • Impact of Proposals on Public Companies
Current Status of Proposals and Considerations, If Elected

About The Presenter

Mark L Zyla, CPA/ABV, CFA, ASA
  • Managing director of Acuitas, Inc., a valuation and litigation consultancy firm based in Atlanta, Georgia
  • Wrote, Fair Value Measurements: Practical Guidance and Implementation, 2nd edition published by John Wiley & Sons
  • Wrote, Fair Value Accounting: A Practical Skill for All CPA’s, published by the AICPA
  • Member of the AICPA’s Goodwill Impairment Task Force and contributor to the AICPA Accounting and Valuation Guide, Testing Goodwill for Impairment
  • Member of the Appraisal Foundation’s Business Valuation Best Practices in Financial Reporting: Intangible Asset Working Group on Contributory Asset Charges
  • Faculty member, The Federal Judicial Center and The National Judicial College
GAAP Alternatives On Accounting For Goodwill And Other Intangible Assets
Available on CD format
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