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Handbook: Business combinations

Handbooks | June 2024

Latest edition: Our in-depth guide to accounting for acquisitions of businesses, updated for recent application issues.

Our comprehensive handbook provides detailed guidance and interpretations of ASC 805, with illustrative examples and Q&As. This latest edition has been updated to include accounting for joint venture formations.


  • Company that is involved with a business combination
  • Company that presents goodwill in its financial statements

Relevant dates

  • Effective immediately

Report contents

  • Scope
  • Identifying a business combination
  • Acquisition method
  • Identifying the acquirer
  • Determining the acquisition date
  • Determining what is part of the business combination
  • Initial recognition and measurement
  • Subsequent measurement
  • Disclosures
  • Determining fair values
  • Goodwill and other intangible assets
  • Private companies and not-for-profit entities
  • Pushdown accounting
  • Combinations of entities under common control
  • Joint venture formations

Download the document:

Business Combinations

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Meet our team

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Lisa Munro
Partner, Audit, KPMG US
Image of Jennifer Yruma
Jennifer Yruma
Executive Director, Department of Professional Practice, KPMG US

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