Navigating FASB's New Pushdown Rules for Acquired Entities
Evaluating Whether and How to Adopt Pushdown Accounting on Subsidiary Financial Statements
Recording of a 110-minute CPE webinar with Q&A
This course will prepare corporate accountants and executives to navigate the new FASB guidance on the use of “pushdown accounting” on an acquired entity, as well as detailing major balance sheet items which impact the purchased entity’s decision of whether to apply “pushdown accounting” on its financial statements.
- Threshold for adopting pushdown accounting
- Measurement and disclosure of adoption of pushdown accounting
- Basis adjustments if acquirer does not adopt ASC Topic 805
- Application of the new standard and financial statement presentation
- Pushdown treatment of acquisition-related goodwill, debt and costs
- Subsequent adoption of pushdown and change in accounting method application
The panel will answer these and other questions about the new pushdown accounting standard:
- What is the threshold for adopting pushdown accounting?
- What are the requirements for initial measurement and subsequent measurements?
- How does the new standard change required disclosures and financial statement presentation?
- How should the new standard be applied?
- What if an acquiree elects to forego the election to apply pushdown accounting?
David A. Augustyn
Mr. Augustyn works in the firm's Accounting Advisory Services group within the Deal Advisory Practice, where he... | Read More
Mr. Augustyn works in the firm's Accounting Advisory Services group within the Deal Advisory Practice, where he specializes in US GAAP and IFRS accounting advisory in the areas of structured products, consolidations, financial instruments and business combinations. He is currently one of the leaders of the Midwest Accounting Advisory team based in Chicago and on a national level leads a service line focused on Accounting Change and other technical accounting activities. Mr. Augustyn commenced work with KPMG in the Chicago audit practice in October 1990 and joined the Accounting Advisory Services group in May 2000.Close
Mr. Pisciotta focuses his practice on technical and complex accounting issues specializing in business combinations,... | Read More
Mr. Pisciotta focuses his practice on technical and complex accounting issues specializing in business combinations, divestitures, impairments, liquidations and bankruptcy. He serves as part of PwC’s National standard-setting team that is responsible for developing the firm’s position on proposed changes to US GAAP and produces all PwC’s technical accounting and financial reporting guidance.Close