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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