How Will the PCC’s New M&A Accounting Framework Affect Government Contractors?

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In September, the Private Company Council (PCC) reached a final consensus on an accounting alternative for business combinations that, if elected, could exempt private companies from separately recognizing and measuring non-competition agreements and customer-related intangible assets that are not capable of being sold or licensed independently.[1] The FASB recently codified the PCC’s alternative for business combination accounting in ASU 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination: a consensus of the Private Company Council.

With respect to customer-related intangible assets, the key consideration for government contractors is whether those assets are capable of being transferred separately from …read more

Read more here:: Government Contracting

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