The PCC states that mortgage
servicing rights, commodity supply
contracts, and core deposits are
recognizable CRIs.
One of the PCC’s roles is to make
recommendations on accounting
changes to FASB. With this
recommended change to accounting,
FASB is considering the change and
has indicated that it may accept the
proposal. A decision from FASB to
change GAAP may come as soon as
year end, stay tuned…
2
| Valuation Vantage
Fall-Winter 2014
“
PCC Approves Private Company Alternative for Intangible Assets
”
continued
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The PCC states that mortgage servicing rights, commodity supply contracts, and
core deposits are recognizable CRIs.
