4.17 Subsequent Measurement of Assets Acquired and Liabilities Assumed
Generally, assets acquired and liabilities assumed in a business combination are accounted for after
the acquisition date in accordance with applicable GAAP on the basis of the nature of the assets and
liabilities. Accordingly, ASC 805 does not provide subsequent accounting guidance for assets acquired
and liabilities assumed in a business combination, except for the following:
- Indemnification assets, including those arising from government-assisted acquisitions of financial institutions — see Section 4.3.4.
- Assets and liabilities arising from contingencies — see Section 4.3.6.
- Reacquired rights — see Section 4.3.7.
- Leasehold improvements — see Section 4.3.11.9.
- Insurance and reinsurance contracts — see Section 4.3.12.
- Intangible assets, including R&D assets — see Section 4.10.
- Contingent consideration arrangements of an acquiree assumed by the acquirer — see Section 5.7.5.