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17.7 Business combinations—considerations for private companies
Publication date: 30 Apr 2022
us Financial statement presentation guide
The requirements of ASC 805 apply equally to SEC registrants and private companies. Disclosures and reporting requirements related to pro forma financial information and S-X regulations only apply to SEC registrants.
Refer to FSP 8.10.2 for discussion of the goodwill presentation and disclosure requirements for private companies if a reporting entity adopts the private company accounting alternative for goodwill.
Refer to FSP 8.10.3.2 for discussion of the disclosure requirements of certain intangible assets subsumed into goodwill for private companies if a reporting entity adopts the private company accounting alternative for intangible assets acquired in a business combination. A private company that elects the accounting alternative for intangible assets must also adopt the goodwill accounting alternative.
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