FASB Issues Guidance To Simplify Accounting For Goodwill And Certain Identifiable Intangible Assets For Not-for-Profits
The FASB has issued ASU 2019-06, Extending the Private Company
Accounting Alternatives on Goodwill and Certain Identifiable Intangible
Assets to Not-for-Profit Entities related to changes to the
treatment of goodwill and certain other intangible assets for
not-for-profit entities that will allow not-for-profit entities the same
accounting alternatives made available to private for-profit companies.