Accounting Matters

A look at distinguishing between business combinations and asset acquisitions as well as insights on key accounting differences.

Show Notes

Business combinations and asset acquisitions aren’t a tomayto-tomahto situation. This week, we expand on our previous episode on Business Combinations by sitting down with fellow Embarkers Mack Martinez and Krista Holland to discuss the critical differences between the transaction types, including:
  • Applying the “screen” test and definition of a business
  • Recognizing and measuring asset acquisitions under the cost accumulation model
  • Identifying key areas where accounting differences exist 
  • Highlighting ongoing FASB developments in the space
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What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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