Understanding the Purchase Price Allocation Process Under ASC 805

Many types of change of control transactions fall under the umbrella of ASC 805, including an acquisition of more than 50 percent of the assets or equity of an entity, step acquisitions and fresh start reporting for entities emerging from Chapter 11. The financial reporting requirements related to a change in control of a business have long been a challenge for companies’ internal accounting teams, financial sponsors and their trusted outside corporate financial consultants, including external audit teams.

Join Dan Callanan and Rebecca McElwain as they provide an overview of ASC 805 that will leave you with clear understanding of:

  • The transaction elements that should be recognized and measured
  • Assets acquired, liabilities assumed, contingent considerations, rollover equity and noncontrolling interests
  • The valuation process
  • Private company alternatives
  • Subsequent measurement of recoverability and impairment

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