AL-FRD-Illuminated road

Financial Reporting Developments - Business combinations

30 Jun 2021 PDF
Subject AccountingLink


Our FRD publication on business combinations has been updated to further enhance and clarify our interpretive guidance in several areas. It also includes updates to remove guidance on the definition of a business before the adoption of ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. This ASU is now effective for all entities. See Appendix G of the publication for a summary of the updates.

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