ASC 805 2017-04-24T16:46:03+00:00
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ASC 805 was enacted in the wake of massive balance sheet fraud

We’re here to empower investors with better financial information

WHAT YOU AND YOUR ADVISORS NEED TO KNOW

Formerly FASB 141

ASC 805 requires an evaluation of all business combinations, including a fair market value estimate of acquired intangible assets. Intangible Assets are often a significant portion of assets acquired in transactions.

Intangible Assets

For ASC 805, intangible assets are categorized into 2 groups: those with finite useful life and those with an indefinite useful life. For those with finite lives, portions of a purchase price can be allocated and amortized over the life.

Goals Of PPA

The goal of a Purchase Price Allocation ASC 805 valuation is to make financial statements and their representation of intangible assets as useful as possible for analysts, investors, and acquirers of the company.

Independent Appraisal

The size of intangible assets relative to the overall balance sheet can be significant. The best practice is to engage a qualified, independent appraisal firm for the initial ASC 805 valuation and for subsequent testing.

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