Inside This Issue
I. PCC Approves
Private Company Alternative
for Intangible Assets
1
II. Implications of GreatBanc
Trust’s Settlement with the
Department of Labor
3
III. Adelphia Recovery Trust Seeks
Recovery from Former Venture
Partner
6
IV. Practice Highlights
7
PCC Approves Private
Company Alternative to
Value Intangible Assets
On September 16, 2014, the Private
Company Council (“PCC”), which helps
set accounting standards for private
companies under the FASB, reached a
final consensus to approve an alternative
approach for private companies to value
certain intangible assets.
Under this proposal, when a private
company makes an acquisition, the
company does not have to recognize
the following as intangible assets:
1. Non-competition agreements (“NCAs”).
2. Customer-related intangible assets
(“CRIs”) that are not capable of being
sold or licensed independently from
the other assets of a business.
Valu
ation
Vantage
©
Insights and perspectives on leading corporate finance valuation issues.
Fall-Winter 2014
continued
