PwC’s accounting and financial reporting guide for Business combinations and noncontrolling interests – 2014 global second edition explains the fundamental principles of accounting for business combinations and noncontrolling interests under both U.S. generally accepted accounting principles (US GAAP) and International Financial Reporting Standards (IFRS). This guide also includes our perspectives on the application of those principles, as well as our insights on the challenges of accounting for intangible assets and goodwill in the postcombination period.
This guide has been prepared to support you as you consider the accounting for transactions and address the accounting, financial reporting, and related regulatory matters relevant to business combinations and noncontrolling interests. It should be used in combination with a thorough analysis of the relevant facts and circumstances, review of the authoritative accounting literature, and appropriate professional and technical advice.