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- Title
Accounting for Deferred Revenue Liabilities in Post-Business Combination Statements.
- Authors
Rashty, Josef; O'Shaughnessy, John
- Abstract
The article discusses the treatment for deferred revenue liabilities in post-business combination accounts in the acquirer's financial statements. A guideline in the Statement of Financial Accounting Standards, Business Combinations, issued in December 2007, is mentioned. Reasons why an acquirer inputs the deferred revenue liabilities in its financial statements, why they are based on fair value of obligation from purchase date, and how fair value is measured, are explained.
- Subjects
UNITED States; LIABILITIES (Accounting); DEFERRED credit; ACCOUNTING standards; FINANCIAL statements; FAIR value
- Publication
CPA Journal, 2011, Vol 81, Issue 4, p30
- ISSN
0732-8435
- Publication type
Article