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FASB Simplifies Business Combination Accounting

September 30th, 2015 Posted by admin

Business Combination Accounting Simplified The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to simply business combination accounting rules. One of the more challenging and potentially costly requirements under current guidance was how measurement-period adjustments were treated.  The measurement period represents the period between when an acquisition closes until the date in which final […]

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EITF Issues Pushdown Accounting Guidance

September 20th, 2014 Posted by admin

US GAAP had limited guidance on when the cost of acquiring an entity, or new accounting basis (pushdown accounting), would be required to be reflected in the acquired entity’s separate financial statements.  While public companies had specific guidance to follow, private companies had little guidance to follow and therefore mix practice developed. On September 18, […]

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