Roadmap
Business Combinations (December
2021)
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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, and discusses several
active FASB projects that may result in changes to current requirements.
While the accounting frameworks for
this guidance have been in place for many years, views on applying them continue to
evolve. This publication is intended to help entities navigate the guidance and
arrive at appropriate accounting conclusions. The updated Roadmap also includes On
the Radar, a new section (also available as a stand-alone
publication) that briefly summarizes emerging issues and trends
related to the accounting and financial reporting topics addressed in the
Roadmap.
This Roadmap replaces the Deloitte Q&As that were contained in
ASC 805. To find the text in the Roadmap that corresponds to a former Q&A,
select the “Business Combinations” tab at the bottom of the Q&A to Roadmap Quick Reference
Guide and search for the Q&A’s number or title.
Be sure to check out other titles in Deloitte’s Roadmap
series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.