A Pushdown Accounting Proposal for All

Pushdown accounting — the recording of a new basis in assets and liabilities in the stand-alone financial statements of a newly acquired subsidiary entity — has been addressed by the Securities and Exchange Commission (SEC), but the Financial Accounting Standards Board (FASB) has not previously provided guidance that would apply to all nonregistrants.

Last week, that began to change as the FASB issued a Proposed Accounting Standards Update entitled Business Combinations (Topic 805): Pushdown Accounting. Learn more about the proposed standard in our latest MHM Messenger: A Pushdown Accounting Proposal for All.

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