company council

company council

an institution composed of top managers and employee representatives which discusses company strategy and policies. Usually these organs perform an advisory and consultative rather than decision-making function, but in some of the Japanese companies in the UK they provide the forum for COLLECTIVE BARGAINING over pay See CONSULTATION, INDUSTRIAL DEMOCRACY, PARTICIPATION.
References in periodicals archive ?
Most private companies have not yet started to adopt new revenue accounting rules that took effect in January 2019 for that sector, nor do they plan to adopt lease accounting by its 2020 effective date, according to advisory discussions by FASB's Private Company Council (PCC).
Most private companies have not adopted new revenue rules; are unlikely to adopt lease rules on time
throughout the last six years, the Financial Accounting Standards Board (FASH) and the Private Company Council (PCC) have spent considerable time listening to and engaging with private company stakeholders.
FASB Standards
It would be understandable if leaders of some private companies have not had the time to consider adopting the private company GAAP alternatives created by FASB's Private Company Council (PCC).
Private company GAAP alternatives; It's not too late: Simplified accounting remains available to private companies
Wright as the chair of the Private Company Council (PCC) for a three-year term.
FAF's Board of Trustees reappoints Candace E. Wright as chair of PCC
Many members, leaders, and alumni of the SBFRC also have distinguished themselves within and beyond IMA, contributing to groups such as the FASB Small Business Advisory Committee, the FASB Private Company Council, the COSO Ad Hoc Refresh Committee, the Stuart Cameron McLeod Society, and others.
THE SBFRC: A DECADE OF ADVOCACY: IMA's Small Business Financial and Regulatory Affairs Committee supports the interests of small businesses, privately held companies, and nonprofit organizations through advocacy efforts, comment letters, and regular communication with regulatory bodies and standards setters
BANKING AND CREDIT NEWS-August 24, 2017-Financial Accounting Foundation names 4 new private company council members
Financial Accounting Foundation names 4 new private company council members
M2 EQUITYBITES-August 24, 2017-Financial Accounting Foundation names 4 new private company council members
Financial Accounting Foundation names 4 new private company council members
"The locally elected company council were in full agreement with the terms of the deal.
Train drivers to vote again over possibility of action
A spokesman said: "The Executive Committee met with the Lead Officer and ATW Company Council to consider two offers from the company.
Rail strike threatens travel hell; Cardiff-bound football fans facing disruption as pay dispute escalates
FASB began a broad-based effort to consider private company "alternatives" within existing GAAP and in-process standards following a Blue Ribbon Panel Report on private company reporting in 2010, and the ensuing formation of FASB's Private Company Council (PCC) in 2012.
World class GAAP should have private company alternatives
The Private Company Council: Financial Reporting Standard Setting for Private Companies, the forth article, offers a comprehensive look at the creation, responsibilities, membership, agenda, and accomplishments of the Private Company Council (PCC).
From the accounting issue co-editors
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