Accounting for M&As under U.S. Generally Accepted Accounting Principles can require a lot of red tape. Fortunately, there’s a private company reporting alternative that exempts noncompetes and certain customer-related intangibles from being identified and reported separately on the balance sheet after a business combination. But it doesn’t apply to public companies or other types of acquired intangibles, such as trade names or patents. Contact us for help deciding whether this alternative could simplify your postacquisition financial reporting.