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d.

e.

Recognizing goodwill acquired or a contribution received, including consideration transferred [FAS 164, paragraph 22, sequence 22.1.4] Determining what is part of the acquisition transaction.

958-805-25-14 Differences in the application of the acquisition method by a NFP acquirer from the application of the acquisition method by a business entity include all of the following:

    • a.

      The identification of the acquirer in accordance with paragraphs 958- 805-25-15 through 25-16, instead of the guidance in paragraph 805-10- 25-5

    • b.

      The recognition and measurement of goodwill (or the immediate charge to the statement of activities) in accordance with paragraphs 958-805- 25-27 through 25-30, instead of the guidance in paragraph 805-30-25-1 and paragraphs 805-30-30-1 through 30-3

    • c.

      The recognition and measurement of an inherent contribution received in accordance with paragraph 958-805-25-31 and paragraphs 958-805-30-8 through 30-9, instead of the guidance for a gain from a bargain purchase in paragraphs 805-30-25-2 through 25-4 and paragraphs 805-30-30-4 through 30-6.

  • >

    Identifying the Acquirer

958-805-25-15 Paragraph 805-10-25-4 requires that one of the combining entities be identified as the acquirer. Instead of applying the guidance in paragraph 805-10-25-5, the following guidance on control and consolidation of NFPs shall be used to identify the acquirer: [FAS 164, paragraph 24, sequence 24.1]

a.

b.

c.

For an NFP acquirer other than a health care entity within the scope of Topic 954, the guidance in Subtopic 958-810, including the guidance referenced in paragraph 958-810-15-4. [FAS 164, paragraph 24, sequence 24.1.1] For a not-for-profit health care acquirer within the scope of Topic 954 (see Section 954-10-15), the guidance referenced in paragraph 954- 810-15-3. [FAS 164, paragraph 24, sequence 24.1.2] Control of a for-profit business has the meaning of controlling financial

interest in paragraph sequence 3.2.1]

810-10-15-8.

[FAS

164,

paragraph 3(j),

d.

Control of a not-for-profit entity has the meaning

of control {Use

definition of control from Subtopics 954-810 and 958-810} used in Subtopic 954-810 and Subtopic 958-810. [FAS 164, paragraph 3(k), sequence 3.2.2]

958-805-25-16 If an acquisition by a not-for-profit entity has occurred but applying the guidance in the previous paragraph does not clearly indicate which of the combining entities is the acquirer, the factors in paragraphs 958-805-55-42

10

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