The Business combinations and noncontrolling interests guide has been updated through October 2019.
This guide discusses the definition of a business and transactions in the scope of accounting for business combinations under ASC 805. We provide guidance on identifying the acquirer, determining the acquisition date, and recognizing and measuring the net assets acquired.
Our guide also explores the accounting for partial acquisitions, acquisitions achieved in stages, and changes in a reporting entity’s NCI.
In addition, we discuss the subsequent accounting for goodwill and indefinite-lived intangible assets. Other topics covered include common control transactions and pushdown accounting.
© 2016 - 2020 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.