PwC comments on simplifying accounting for measurement period adjustments
June 30, 2015
PwC submitted comments on the FASB’s recent proposal, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. We commend the FASB for its efforts to simplify financial reporting while maintaining or enhancing decision-useful information for investors. We support the proposal in the exposure draft for acquirers to recognize the cumulative effect of measurement period adjustments in the reporting period in which the adjustment is determined. We agree that the proposal would simplify financial reporting by eliminating the effort associated with restating prior period financial statements for measurement period adjustments, as currently required by ASC 805.

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PwC comments on simplifying accounting for measurement period adjustments (PDF 61kb)


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