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Private Company Consolidation Relief Expanded with Limited Impact on Physician Practices

Private company consolidation relief expanded with limited impact on physician practices – Under ASU 2018-17, private entities may elect to adopt an accounting alternative to not apply VIE guidance to all current and future legal entities under common control.

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Two Accounting Rules Benefiting Privately Held Companies

Two accounting rules offer relief to privately held companies who have made acquisitions in the past or are planning one.

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Companies may need to accelerate refinancing timeline due to proposed debt presentation standard

Companies may need to accelerate refinancing timeline due to proposed debt presentation standard.

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Long-awaited FASB update on leases will likely inflate balance sheets

FASB issued an update to its standards that will require companies to record substantially all lease assets and liabilities on company balance sheets.