AL-FRD-Illuminated road

Financial Reporting Developments - Business combinations

27 Jun 2022 PDF
Subject AccountingLink


Our FRD publication on business combinations has been updated to reflect the issuance of ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. It has also been updated to further enhance and clarify our interpretive guidance in several areas. See Appendix G of the publication for a summary of the updates. 

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