Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That Arise from Contingencies
Status
Date Posted:
April 1, 2009
- Effective Date:
- For assets or liabilities arising from contingencies in business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008
Affects:- Amends FAS 5, paragraph 7A
- Amends FAS 60, paragraph 59D
- Amends FAS 141(R), heading following paragraph 22, paragraphs 30, 60, 68, 68(j), A107, and G3
- Replaces FAS 141(R), paragraphs 24 and 62
- Adds FAS 141(R), paragraphs 24A and 65A
- Deletes FAS 141(R), paragraphs 25, 63, 72(c), and A62 through A65
Affected by:- No other pronouncements
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides