Handbooks | July 2021

 

Insight

Handbook: Business combinations

Latest edition: We explain the accounting for acquisitions of businesses and related issues with examples and analysis.

Nick Burgmeier

Nick Burgmeier

Partner, Dept. of Professional Practice, KPMG US

+1 212-909-5455

Dan Langlois

Dan Langlois

Partner, Dept. of Professional Practice, KPMG US

+1 212-872-3256


In this comprehensive update, KPMG provides detailed guidance on and interpretation of ASC 805, including illustrative examples and Q&As, and addresses specific acquisition-related accounting issues.

Applicability

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

Relevant dates

  • Effective immediately

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
  • Subsequent measurement
  • Disclosures
  • Determining fair values
  • Goodwill and other intangible assets
  • Private companies and not-for-profit entities
  • Pushdown accounting
  • Combinations of entities under common control

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