consider how ASC 740 compliance may affect accounting for income taxes as a result of an acquisition and the impact on financial statements. LONG BEACH, CA, UNITED ...

In the years since FAS 141 (now codified as ASC 805, "Business Combinations") was implemented in 2001, the vast majority of business combinations have resulted in the recognition of goodwill or have ...

FASB published a proposed Accounting Standards Update (ASU) that is intended to improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations. The ASU ...

Acquiring entities are required to measure contract assets and liabilities acquired in a business combination in accordance with FASB’s Topic 606 revenue recognition guidance, according to a new FASB ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve the requirements for identifying the accounting acquirer in business combinations such as mergers and ...

FASB has approved a change that simplifies accounting for business combinations, so companies will no longer be required to make retrospective adjustments to historical data as if the facts of the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...