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permitted or required by Section 958-810-25. Similarly, this Subtopic does not apply if an NFP that obtained control in a transaction or other event in which consolidation was permitted but not required decides in a subsequent annual reporting period to begin consolidating a controlled entity that it initially chose not to consolidate. [FAS 164, paragraph 2, sequence 2.1.3.4]

Merger of Not-for-Profit Entities

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    Overall Guidance

958-805-15-5 The Merger of Not-for-Profit Entities Subsections follow the same Scope and Scope Exceptions as the General Subsections of this Subtopic, see Section 958-805-15, with specific exceptions noted below.

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    Transactions

958-805-15-6 The guidance in the Merger of Not-for-Profit Entities Subsections applies only to transactions or other events that meet the definition of a [FAS 164, paragraph 2, sequence 2.1] merger of not-for-profit entities. [FAS 164, paragraph 2, sequence 2.1.1]

Acquisition by a Not-for-Profit Entity

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    Overall Guidance

958-805-15-7 The Acquisition by a Not-for-Profit Entity Subsections follow the same Scope and Scope Exceptions as the General Subsections of this Subtopic, see Section 958-805-15, with specific exceptions noted below.

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    Transactions

958-805-15-8 The guidance in the Acquisition by a Not-for-Profit Entity Subsections applies only to transactions or other events that meet the definition of an [FAS 164, paragraph 2, sequence 2.1.1] acquisition by a not-for-profit entity. [FAS 164, paragraph 2, sequence 2.1.2]

Recognition General

958-805-25-1 A {Glossary link} not-for-profit entity {Glossary link} (NFP) shall determine whether a transaction or other event is a {Glossary link} merger of not-for-profit entities {Glossary link} or an {Glossary link} acquisition by a not-for-profit entity {Glossary link} by applying the definitions. [FAS 164, paragraph 4, sequence 4]

958-805-25-2 Paragraphs 958-805-55-1 through 55-31 provide guidance on distinguishing between a merger and an acquisition. [FAS 164, paragraph 5, sequence 5]

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