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- US GAAP
This Roadmap provides Deloitte’s insights into and interpretations
of the guidance in ASC 805 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
December 8, 2021, as well as several active FASB projects that may result in changes
to current requirements. Appendix H highlights all new content in the 2021 edition
as well as any substantive revisions to previous content.
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.