# ASC 805-10-10: Business Combinations — Overall — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

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## ASC 805-10-10: 10 Objectives

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##### [805-10-10-1](https://asc.understandingaccounting.org/asc/805/10/#805-10-10-1)

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The objective of the Subtopics in this Topic that address [business combinations](https://asc.understandingaccounting.org/glossary/b/#business-combination "A transaction or other event in which an acquirer obtains control of one or more businesses. Transactions sometimes referred to as true mergers or mergers of equals also are business combinations. See also Acquisition by a Not-for-Profit Entity.") is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.