Business combinations and noncontrolling interests, global edition

Accounting guide

We explain the principles of accounting and financial reporting for business combinations and noncontrolling interests (ASC 805) under U.S. GAAP and IFRS. 

This guide was fully updated in April 2014. Certain sections were updated in February 2016.

We have updated certain sections of our guide primarily to reflect the impact of new and updated authoritative guidance that has been previously communicated in other communications related to pushdown accounting, measurement period adjustments, and accounting alternatives for private companies regarding the recognition of intangible assets in a business combination.

PwC’s accounting and financial reporting guide for Business combinations and noncontrolling interests explains the fundamental principles of accounting for business combinations and noncontrolling interests under both U.S. generally accepted accounting principles (US GAAP) and International Financial Reporting Standards (IFRS). This guide also 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 support you as you consider the accounting for transactions and address the accounting, financial reporting, and related regulatory matters relevant to business combinations and noncontrolling interests. It should be used in combination with a thorough analysis of the relevant facts and circumstances, review of the authoritative accounting literature, and appropriate professional and technical advice.


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    Business combinations and noncontrolling interests, global edition
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Cody Smith
Partner, National Professional Services Group

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