ASU 2014-17: Pushdown Accounting
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Dr.. Ken S. Brackney, Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: Can acquirees in business combinations adopt the same new basis of accounting the acquirer uses? The Financial Accounting Standards Board recently published a consensus position from the Emerging Issues Task Force (EITF), ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting, to answer this question. The standard establishes new and common guidance on applying pushdown accounting for public and nonpublic acquirees. The Securities and Exchange Commission (SEC) simultaneously released Staff Accounting Bulletin 115 to rescind the existing guidance for public acquirees. This blog entry summarizes the main features of the new standard.
ASU 2014-17: Pushdown Accounting
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Created on 3/30/2022
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Additional Information
- Publication
- Brackney, K. (2015). ASU 2014-17: Pushdown Accounting, NCACPA's website, posted February 6, 2015. NC Docks permission to re-print granted by author. Publisher version of record available at: https://www.ncacpa.org/blog/asu-2014-17-pushdown-accounting/
- Language: English
- Date: 2015
- Keywords
- Accounting, Accounting & Attestation, Pushdown Accounting, SEC, Emerging Issues Task Force (EITF)