Handbooks | February 2022

 

Insight

Handbook: Business combinations

Latest edition: Our comprehensive guide to accounting for acquisitions of businesses, updated for ASU 2021-08 and SPACs.

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


Our comprehensive handbook provides detailed guidance and interpretations of ASC 805, with illustrative examples and Q&As. This edition includes ASU 2021-08 (contract assets and contract liabilities from contracts with customers) and application issues related to SPACs.

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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