Our Guide to Accounting for Business Combinations Under FASB Statement 141R assists middle market companies in understanding and applying FASB Statement No. 141 (revised 2007), Business Combinations. To supplement the guide, McGladrey & Pullen also has developed a newsletter, Additional Guidance on Business Combinations and Noncontrolling Interests. This newsletter discusses projects of the Financial Accounting Standards Board and Emerging Issues Task Force that address accounting issues directly or indirectly related to Statement No. 141R and Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements, which was issued at the same time as Statement No.141R and is now included in various topics of the FASB Codification. Among the topics discussed in the newsletter are: (a) the accounting for contingencies acquired in a business combination; (b) implementation issues related to the scope of Statement No. 160; (c) research and development acquired in, and contingent consideration involved in, an asset acquisition; (d) the seller’s accounting for contingent consideration; and (e) push-down accounting. Most of the projects discussed in the newsletter were in-progress at the time the guide was completed and many of them are still in-progress.
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