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.
Applicability
- 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
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