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B2 Option

09.16.2014. Today the Private Company Council approved an accounting alternative related to recognition of intangibles in a business combination. Frazier & Deeter Partner Sean Lager provides an update.

On September 16, 2014, the Private Company Council approved an accounting alternative related to recognition of intangibles in a business combination which has been referred to as the “B2 Option” in its deliberations.  

If approved by the Financial Accounting Standards Board, a nonpublic entity will have the option to adopt B2 as an accounting alternative which would provide nonpublic companies an option to subsume non-compete arrangements and customer-related intangibles, that are not capable of being licensed or sold independently, into goodwill.  

We expect this to be approved by the FASB and issued by the end of the year, with early implementation allowed.  

If you have questions about the implications of this change, or other accounting standards, please contact Frazier & Deeter.

This accounting update provided by Sean Lager, Partner in Frazier & Deeter’s Assurance practice. Sean is a member of the Technical Issues Committee of the American Institute of Certified Public Accountants. The Technical Issues Committee works with the Financial Accounting Standards Board, Auditing Standards Board and Governmental Accounting Standards Board to represent the views of accounting firms and their clients in the standards-setting process. 


Accounting alternativesB2 Option



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Frazier & Deeter, a Top 100 Largest CPA Firm in the United States, has accountants and business advisors who offer a full range of assurance and advisory services in the areas of audit, tax and management consulting and personal tax planning and compliance. As a leading accounting firm, we serve clients across the nation and internationally that include closely-held companies, SEC companies, and nonprofit entities. Headquartered in Atlanta, Georgia, we have been recognized as the 56th largest accounting firm in the nation, as one of the Top 25 Best Managed CPA firms in the country, and one of the Best Accounting Firms to Work for in the U.S.
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