The classification of a transaction as either a business combination or an asset acquisition for financial reporting purposes has recently received greater attention. The differences between the two types of transactions can...more
8/8/2024
/ Accounting Standards ,
Acquisitions ,
Asset Purchase Agreements ,
Asset Valuations ,
Business Assets ,
Business Valuations ,
Fair Market Value ,
Goodwill ,
IFRS ,
Look-Back Measurement Period ,
Mergers ,
Non-Controlling Interests ,
Valuation
The decision of whether to classify a transaction as either a business combination or an asset acquisition has recently received greater attention. This article will not explore accounting-based pronouncements or the...more
In the years since FAS 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, the vast majority of business combinations have resulted in the recognition of goodwill or have been goodwill/bargain...more
Market equity prices and indices continued to decrease for many energy companies during 2020. For instance, between January 13, 2020, and December 31, 2020, the S&P Oil & Gas Exploration and Production Select Industry...more
1/21/2021
/ Balance Sheets ,
Business Assets ,
Equity Markets ,
Exploration and Production Assets ,
Goodwill ,
Index Funds ,
Loss of Goodwill ,
Oil & Gas ,
Privately Held Corporations ,
Publicly-Traded Companies ,
S&P
As you evaluate the impact of COVID-19 on your business, it’s important to consider these questions around goodwill and asset impairment testing....more
Find out why adequetely addressing year-end goodwill and long-lived asset impairment testing procedures improves financial audits, reviews and allows for greater transparency.
Market equity prices and indices continued to...more
1/9/2020
/ Accounting Standards ,
Balance Sheets ,
Business Assets ,
Capitalization ,
Commodities ,
Corporate Governance ,
Dow Jones ,
Energy Sector ,
Financial Statements ,
Goodwill ,
Oil & Gas ,
Privately Held Corporations ,
Publicly-Traded Companies ,
S&P ,
Transparency