The AICPA’s Financial Reporting Executive Committee has issued a working draft of the AICPA Accounting and Valuation Guide Business Combinations. This guide provides guidance and illustrations for preparers of financial statements, independent auditors, and valuation specialists regarding the accounting and valuation considerations for business combination transactions.
This guide addresses many accounting and valuation issues that have emerged over time to assist companies in addressing the challenges associated with accounting for business combination transactions as well as valuation of assets acquired and liabilities assumed.
We are looking for your informal feedback on this working draft. All comments will be kept confidential and will not be posted on the AICPA Web site. If you would like to provide comments, please e-mail them to Yelena Mishkevich at firstname.lastname@example.org by January 15, 2023. The Financial Reporting Executive Committee and the Business Combinations Task Force that developed this working draft are looking forward to hearing from you.
Please note that this working draft will undergo a thorough editorial review before it is finalized. As such, when commenting, you do not need to comment about editorial issues.
The working draft is split into 3 documents: (1) Working Draft of the Business Combinations Guide [chapters 1-13, appendices A-E and Glossary], (2) Schedules from Appendix B of the Business Combinations Guide (3) Schedules from Appendix C of the Business Combinations Guide), which are available to download as PDF files.