Not-for-Profit Entities: Mergers and Acquisitions—including an amendment of FASB Statement No. 142

Status

Issued:
April 2009

Effective Date:
Prospectively for mergers for which the merger date is on or after the beginning of an initial reporting period beginning on or after December 15, 2009, and prospectively for acquisitions for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2009

Affects:
Amends ARB 51, paragraphs 26, 29, 33, 34, 36, and A1 and footnote a
Adds ARB 51, paragraphs 39A, 39B, and A8 through A13
Amends APB 28, paragraph 21 and footnote 3a
Amends APB 29, paragraph 4
Adds FAS 2, paragraph 3B
Amends FAS 2, paragraph 12
Adds FAS 5, paragraph 7B
Amends FAS 52, paragraph 101
Amends FAS 68, paragraph 11
Amends FAS 86, paragraph 2
Amends FAS 109, paragraphs 11(h), 16, 259, 261, 264, and 266 and footnote 18a
Amends FAS 133, paragraphs 11(c) and 29(f)
Deletes FAS 141(R), paragraphs E1 and F2
Amends FAS 142, paragraphs 1, 2, 4, 6, 9, 10, 16, 21, 30, 32, 34, 35, 39, 39A, 42 through 44, 47(b) 54, and 61 and footnotes 3, 5, 7, 11, 14, 18, and 21
Replaces FAS 142, paragraph 48(c)
Deletes FAS 142, paragraph 52 and footnote 24
Adds FAS 142, paragraphs 53A, 53B, and 58A through 58D
Amends FAS 146, paragraph 2
Amends FAS 157, paragraph 2
Amends FAS 160, paragraph 2
Deletes FAS 160, paragraphs C1 and D2
Amends FIN 21, paragraphs 15 and 16 and footnote 2
Amends FIN 26, paragraph 5
Amends FIN 45, paragraph 7(c)
Amends FIN 48, paragraph 12A
Amends FTB 84-1, paragraph 6
Amends FSP FAS 157-2, paragraph 1

Affected by:
Paragraphs A138, A139, E12(c), and E12(e) amended by Accounting Standards Update 2010-08, paragraph A12

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
Modifies EITF Issues No. 02-7 and 02-13 and Topic D-101

Interpreted by:
No EITF Issues

Related Issues:
No EITF Issues


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