We explain the principles of accounting and financial reporting for business combinations and noncontrolling interests (ASC 805) under US GAAP and IFRS.
This guide was fully updated in December 2017.
PwC’s Business combinations and noncontrolling interests guide explains the fundamental principles of accounting for business combinations and noncontrolling interests under both US GAAP and IFRS. It includes our perspectives on the application of those principles, as well as our insights on the challenges of accounting for intangible assets and goodwill in the postcombination period.
This guide has been prepared to help you evaluate the accounting literature relevant to accounting for business combination transactions, and noncontrolling interests, and has been updated to include the revised definition of a business and the simplified goodwill impairment model.
To help you navigate this PwC guide, all references within the Business combinations and noncontrolling interests guide and to other PwC guides are linked and will take you directly to the referenced guidance.
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