The Business combinations and noncontrolling interests guide is a comprehensive resource for accounting for business combinations under ASC 805.
This guide was partially updated in March 2021.
The Business combinations and noncontrolling interests guide discusses the definition of a business and transactions in the scope of accounting for business combinations under ASC 805. It also provides guidance on identifying the acquirer, determining the acquisition date, and recognizing and measuring the net assets acquired.
The guide also explores the accounting for partial acquisitions, acquisitions achieved in stages, and changes in a reporting entity’s NCI.
In addition, the guide addresses the subsequent accounting for goodwill and indefinite-lived intangible assets. Other topics covered include common control transactions and pushdown accounting.
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