RSM US LLP’s (RSM) A guide to accounting for business combinations was developed and designed to help assist middle market companies in their application of Topic 805, Business Combinations, of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). The third edition of the guide is currently available and its content is based on information existing at June 1, 2016.
Given the continuing evolution of U.S. generally accepted accounting principles (GAAP) (including ASC 805), we have created this summary to highlight those standard-setting activities of the FASB that affect, or could affect, the content in the guide.
In our white paper, Business combinations: in motion, we provide (a) a description of the significant standard-setting activities that have taken place thus far and where related information can be found in the guide, (b) links to additional information about those activities and (c) the status of those activities or the effective date of any final Accounting Standards Update (ASU) resulting from those activities.