958-805-10-1 The objective of this Subtopic is to improve the relevance, representational faithfulness, and comparability of the information that a not-for- profit entity (NFP) that is a reporting entity provides in its financial reports about a combination with one or more other NFPs, businesses, or nonprofit activities. [FAS 164, paragraph 1, sequence 1.1]
Scope and Scope Exceptions General
958-805-15-1 This Subtopic follows the same scope and scope exceptions as the Overall Subtopic, see Section 958-10-15.
958-805-15-2 The General Subsection of this Section establishes the pervasive scope for this Subtopic.
958-805-15-3 The guidance in this Subtopic applies to a transaction or other event that meets the definition of either of the following: [FAS 164, paragraph 2, sequence 2.1]
A merger of not-for-profit entities [FAS 164, paragraph 2, sequence
An acquisition by a not-for-profit entity. [FAS 164, paragraph 2, sequence 2.1.2]
958-805-15-4 This Subtopic does not apply to all of the following: [FAS 164, paragraph 2, sequence 2.1.3]
The formation of a joint venture [FAS 164, paragraph 2, sequence
The acquisition of an asset or a group of assets that does not constitute either a business or a nonprofit activity. (Subtopic 805-50 addresses the typical accounting for an asset acquisition.) [FAS 164, paragraph 2, sequence 220.127.116.11]
A combination between not-for-profit entities (NFPs), businesses, or nonprofit activities under common control. (Subtopic 805-50 addresses the typical accounting for a transfer of assets or an exchange of shares between entities under common control.) [FAS 164, paragraph 2, sequence 18.104.22.168]
A transaction or other event in which an NFP obtains control of another not-for-profit entity but does not consolidate that entity, as