Business Combinations vs. Asset Acquisitions

Business combinations and asset acquisitions aren’t a tomayto-tomahto situation. This week, we expand on our previous episode on Business Combinations by sitting down with fellow Embarkers Mack Martinez and Krista Holland to discuss the critical differences between the transaction types, including:

• Applying the “screen” test and definition of a business
• Recognizing and measuring asset acquisitions under the cost accumulation model
• Identifying key areas where accounting differences exist 
• Highlighting ongoing FASB developments in the space

For more information on Business Combinations and Asset Acquisitions:

• What You Need to Know About the Updates in ASC 805 (Business Combinations)
• How Accounting Should Support an Acquisition or Merger
• ASC 805
• ASU 2017-01

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