Handbook: Business combinations
Handbooks | October 2025
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 October 2025 edition has been updated to include ASU 2025-03 and our latest interpretations based on frequent questions we experience in practice.
Applicability
- Companies involved with a business combination
- Companies that present goodwill in 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
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Business combinations
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Meet our team
Lisa Munro
Partner, Dept. of Professional Practice, KPMG US
Jennifer Yruma
Executive Director, Dept. of Professional Practice, KPMG US
Lisa Munro
Partner, Dept. of Professional Practice, KPMG US
Jennifer Yruma
Executive Director, Dept. of Professional Practice, KPMG US