10 Pitfalls in Assembling the Opening Balance Sheet

Under Accounting Standards Codification (“ASC”) 805, companies are required to use purchase accounting for business combinations. The acquirer must allocate the purchase price among all the assets acquired. Business combinations require some of the most complex accounting within the realm of financial reporting. Join Dan Callanan, Rebecca McElwain and guest Jim Lemperis of Cambridge Partners & Associates as they discuss the most common mistakes to avoid in your next Opening Balance Sheet preparation.

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The Team

Meet the Presenters

Dan CallananASA

Managing Director

Rebecca McElwainCPA


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