Transactions

When they hear the term “mergers and acquisitions,” business owners and CEOs often visualize dealmakers wearing fancy suits in dark-paneled boardrooms, sitting around giant oak tables hammering out the details of multibillion-dollar M&A agreements. While this certainly happens, it’s not an accurate representation of all mergers and acquisitions — especially...

Any company that has gone through a merger and acquisition (M&A) understands the complexity involved in accounting for divestitures. Covered under ASC 805 (formerly SFAS 141), accounting for divestitures — along with accounting for business combinations, discontinued operations, impairments, intangibles and segment reporting — poses many challenges for businesses and...