Wiley GAAP 2023

47ASC 805 BUSINESS COMBINATIONS

• Perspective and Issues
  • Subtopics
  • Scope and Scope Exceptions
    • ASC 805-10, Overall
    • ASC 805-20, Identifiable Assets and Liabilities, and Any Noncontrolling Interest
    • ASC 805-30, Goodwill or Gain from Bargain Purchase, Including Consideration Transferred
    • ASC 805-40, Reverse Acquisitions
    • ASC 805-50, Related Issues
    • General
    • Acquisition of Assets Rather than a Business
    • Transactions Between Entities Under Common Control
    • Formation of a Master Limited Partnership
    • Pushdown Accounting
  • Overview
    • Techniques for Structuring Business Combinations
• Definitions of Terms
• Concepts, Rules, and Examples
  • Transactions and Events Accounted for as Business Combinations
  • Qualifying as a Business
    • The Definition of a Business
    • Exhibit—Overview of the Process to Determine Whether a Transaction Is an Asset Acquisition or a Business Combination—Applying the Up-Front Screen
    • Single or Similar Asset Threshold
    • The Framework
    • Example—Scenario 1 (Based on ASC 805-10-55-52 through 54)
    • Example—Scenario 2 (Based on ASC 805-10-55-55 through 57)
  • Accounting for Business Combinations under the Acquisition Method
    • Step 1—Identify the Acquirer
    • Step 2—Determine the Acquisition Date
    • Example of Consideration of New Information Obtained during the Measurement Period
    • Step 3—Identify Assets and Liabilities Requiring Separate Accounting
    • Example of Settlement of Preexisting Contractual Supplier Relationship—Contract Unfavorable to Acquirer
    • Example of Settlement of Preexisting Contractual Supplier ...