The AICPA’s Financial Reporting Executive Committee has issued a working draft of the AICPA Accounting and Valuation Guide Business Combinations. This guide provides guidance and illustrations for preparers of financial statements, independent auditors, and valuation specialists regarding the accounting and valuation considerations for business combination transactions.
This guide addresses many accounting and valuation issues that have emerged over time to assist companies in addressing the challenges associated with accounting for business combination transactions as well as valuation of assets