Handbooks | February 2023

Insight

Handbook: Business combinations

Latest edition: Our in-depth guide to accounting for acquisitions of businesses, updated for recent application issues.

Nick Burgmeier

Nick Burgmeier

Partner, Dept. of Professional Practice, KPMG US

+1 212-909-5455

Jennifer Yruma

Jennifer Yruma

Executive Director, Department of Professional Practice, KPMG US

+1 212-909-5829


Our comprehensive handbook provides detailed guidance and interpretations of ASC 805, with illustrative examples and Q&As.

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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