Preface
We are pleased to present the 2023 edition of
Business Combinations. This Roadmap provides Deloitte’s insights into and
interpretations of the guidance in ASC 8051 on business combinations, pushdown accounting, common-control transactions,
and asset acquisitions as well as an overview of related SEC reporting requirements.
The Roadmap reflects guidance issued through November 30, 2023. Appendix H highlights all new
content in the Roadmap as well as any substantive revisions to previous content.
Be sure to check out On the
Radar (also available as a stand-alone
publication), which briefly summarizes
emerging issues and trends related to the accounting and
financial reporting topics addressed in the Roadmap.
The accounting frameworks for business
combinations, pushdown accounting, common-control transactions, and asset
acquisitions have been in place for many years. However, views on the application of
the frameworks continue to evolve, and entities may need to use significant judgment
in applying them to current transactions.
While this Roadmap is intended to be a helpful
resource, it is not a substitute for consultation with professional advisers. We
hope that we will have the opportunity to serve you as you complete your business
combination transactions.
Footnotes
1
For a list of the titles of standards and other literature
referred to in this publication, see Appendix F. For a list of
abbreviations used in this publication, see Appendix G.