Perspectives

A roadmap to accounting for business combinations

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 November 25, 2020, and discusses several active FASB projects that may result in changes to current requirements.

We are pleased to present the 2020 edition of A Roadmap to Accounting for 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 25, 2020, as well as several active FASB projects that may result in changes to current requirements. Appendix H highlights all new content in the Roadmap 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.

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.
 

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The Roadmap series contains comprehensive, easy-to-understand accounting guides on selected topics of broad interest to the financial reporting community.

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