Handbook | April 2020

Handbook: Business combinations

KPMG provides guidance on and interpretation of ASC 805. KPMG explains business combinations and noncontrolling interest accounting in detail, providing examples and analysis.


  • Company that is involved with a business combination
  • Company that presents NCI in its financial statements
  • Company that presents goodwill in its financial statements

Relevant dates

  • Effective immediately

Key impacts

  • Provides interpretive guidance on FASB ASC 805, including illustrative examples and Q&As, and addresses specific acquisition-related accounting issues

Report contents

  • Scope, identifying a business combination, acquisition method, identifying the acquirer, determining the acquisition date
  • Determining what is part of the business combination, initial recognition and measurement, and subsequent measurement
  • Disclosures
  • Noncontrolling interests in consolidated financial statements
  • Determining fair values
  • Goodwill and other intangible assets
  • Private company and not-for-profit entity
  • Pushdown accounting
  • Combinations of entities under common control

Related content

KPMG’s Issues In-Depth: Asset acquisitions

Main contributors

Dan Langlois

Dan Langlois

Partner, Dept. of Professional Practice, KPMG US

Nick Burgmeier

Nick Burgmeier

Partner, Dept. of Professional Practice, KPMG US



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