To meet the objective in paragraph 958-805-50-1, the new NFP shall disclose the following information for the merger that resulted in its formation:- a
The name and a description of each merging entity
- b
- c
The primary reasons for the merger
- d
Both of the following for each merging entity:
- 1
The amounts recognized as of the merger date for each major class of assets and liabilities and each class of net assets
- 2
The nature and amounts, if applicable, of any significant assets (for example, conditional promises receivable or collections) or liabilities (for example, conditional promises payable) not otherwise required to be recognized under generally accepted accounting principles (GAAP).
- e
The nature and amount of any significant adjustments made to conform the individual accounting policies of the merging entities or to eliminate intra-entity balances.
(P) December 16, 2027; (N) December 16, 2028
270-10-65-1To meet the objective in paragraph 958-805-50-1, the new NFP shall disclose in interim and annual reporting periods the following information for the merger that resulted in its formation:- a
The name and a description of each merging entity
- b
- c
The primary reasons for the merger
- d
Both of the following for each merging entity:
- 1
The amounts recognized as of the merger date for each major class of assets and liabilities and each class of net assets
- 2
The nature and amounts, if applicable, of any significant assets (for example, conditional promises receivable or collections) or liabilities (for example, conditional promises payable) not otherwise required to be recognized under generally accepted accounting principles (GAAP).
- e
The nature and amount of any significant adjustments made to conform the individual accounting policies of the merging entities or to eliminate intra-entity balances.
If the new NFP is a public entity and the merger occurs at other than the beginning of an annual reporting period (that is, if its initial financial statements thus cover less than an annual reporting period), the new NFP shall disclose the following supplemental pro forma information: - a
Revenue for the current reporting period as though the merger date had been the beginning of the annual reporting period
- b
(P) December 16, 2027; (N) December 16, 2028
270-10-65-1If the new NFP is a public entity and the merger occurs at other than the beginning of an annual reporting period (that is, if its initial financial statements thus cover less than an annual reporting period), the new NFP shall disclose the following supplemental pro forma information in interim and annual reporting periods:- a
Revenue for the current reporting period as though the merger date had been the beginning of the annual reporting period
- b
If the new NFP is a public entity and it presents comparative financial information in the annual reporting period following the year in which the merger occurs, it shall disclose the supplemental pro forma information in paragraph 958-805-50-3 for the comparable prior reporting period as though the merger date had been the beginning of that prior annual reporting period. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1If the new NFP is a public entity and it presents comparative financial information in interim and annual reporting periods following the year in which the merger occurs, it shall disclose the supplemental pro forma information in paragraph 958-805-50-3 for the comparable prior interim and annual reporting periods as though the merger date had been the beginning of that prior reporting period. If disclosure of any of the information required by paragraphs is impracticable, the new NFP shall disclose that fact and explain why the disclosure is impracticable. The term impracticable has the same meaning as impracticability in paragraph 250-10-45-9. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1If disclosure of any of the information required by paragraphs is impracticable, the new NFP shall disclose that fact and explain why the disclosure is impracticable in interim and annual reporting periods. The term impracticable has the same meaning as impracticability in paragraph 250-10-45-9. If the specific disclosures required by this Subsection do not meet the objective in paragraph 958-805-50-1, the new NFP shall disclose whatever additional information is necessary to meet that objective. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1If the specific disclosures required by this Subsection do not meet the objective in paragraph 958-805-50-1, the new NFP shall disclose in interim and annual reporting periods whatever additional information is necessary to meet that objective. Instead of disclosing the information in paragraph 805-10-50-2(h), an NFP acquirer that is a public entity shall disclose the following information for each acquisition that occurs during the reporting period: - a
Revenues attributable to the acquiree since the acquisition date that are included in the statement of activities for the reporting period - b
- c
The revenues of the combined entity as though the acquisition date for all acquisitions that occurred during the current year had been at the beginning of the annual reporting period (supplemental pro forma information)
- d
Changes in net assets without donor restrictions and changes in net assets with donor restrictions as though the acquisition date for all acquisitions that occurred during the current year had been at the beginning of the annual reporting period (supplemental pro forma information)
- e
The nature and amount of any material, nonrecurring pro forma adjustments directly attributable to the acquisition(s) included in the reported pro forma revenues and changes in net assets without donor restrictions and changes in net assets with donor restrictions (supplemental pro forma information).
(P) December 16, 2027; (N) December 16, 2028
270-10-65-1Instead of disclosing the information in paragraph 805-10-50-2(h), an NFP acquirer that is a public entity shall disclose in interim and annual reporting periods the following information for each acquisition that occurs during the reporting period: - a
Revenues attributable to the acquiree since the acquisition date that are included in the statement of activities for the reporting period - b
- c
The revenues of the combined entity as though the acquisition date for all acquisitions that occurred during the current year had been at the beginning of the annual reporting period (supplemental pro forma information)
- d
Changes in net assets without donor restrictions and changes in net assets with donor restrictions as though the acquisition date for all acquisitions that occurred during the current year had been at the beginning of the annual reporting period (supplemental pro forma information)
- e
The nature and amount of any material, nonrecurring pro forma adjustments directly attributable to the acquisition(s) included in the reported pro forma revenues and changes in net assets without donor restrictions and changes in net assets with donor restrictions (supplemental pro forma information).
If it presents comparative financial information, an NFP acquirer that is a public entity shall disclose the supplemental pro forma information required by paragraph 958-805-50-8 as though the acquisition(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period. For example, for a calendar year-end entity, disclosures would be provided for a business combination that occurs in 20X2, as if it occurred on January 1, 20X1. Such disclosures would not be revised if 20X2 is presented for comparative purposes with the 20X3 financial statements (even if 20X2 is the earliest period presented). (P) December 16, 2027; (N) December 16, 2028
270-10-65-1If it presents comparative financial information in interim and annual reporting periods, an NFP acquirer that is a public entity shall disclose the supplemental pro forma information required by paragraph 958-805-50-8 as though the acquisition(s) that occurred during the current year had occurred as of the beginning of the comparable prior annual reporting period. For example, for a calendar year-end entity, disclosures would be provided for a business combination that occurs in 20X2, as if it occurred on January 1, 20X1. Such disclosures would not be revised if 20X2 is presented for comparative purposes with the 20X3 financial statements (even if 20X2 is the earliest period presented).If the disclosure of any of the information required by paragraphs is impracticable, the NFP acquirer shall disclose that fact and explain why the disclosure is impracticable. The term impracticable has the same meaning as impracticability in paragraph 250-10-45-9. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1If the disclosure of any of the information required by paragraphs is impracticable, the NFP acquirer shall disclose in interim and annual reporting periods that fact and explain why the disclosure is impracticable. The term impracticable has the same meaning as impracticability in paragraph 250-10-45-9. Instead of the information required by Section 805-30-50, an NFP acquirer shall disclose the following information for each acquisition that occurs during the reporting period: - a
A qualitative description of the factors, such as expected synergies from combining operations of the acquiree and the acquirer, intangible assets that do not qualify for separate recognition, or other factors, such as the nonrecognition of collections, that make up either of the following: - 1
- 2
The separate charge recognized in the statement of activities in accordance with paragraph 958-805-25-29.
- b
The acquisition-date fair value of the total consideration transferred (or if no consideration was transferred, that fact) and the acquisition-date fair value of each major class of consideration, such as:
- 1
Cash
- 2
Other tangible or intangible assets, including a business or subsidiary of the acquirer
- 3
Liabilities incurred, for example, a liability for contingent consideration.
- c
- 1
The amount recognized as of the acquisition date
- 2
A description of the arrangement and the basis for determining the amount of the payment
- 3
An estimate of the range of outcomes (undiscounted) or, if a range cannot be estimated, that fact and the reasons why a range cannot be estimated. If the maximum amount of the payment is unlimited, the acquirer shall disclose that fact.
- d
The total amount of goodwill that is expected to be deductible for tax purposes.
- e
If the acquisition results in an inherent contribution received, a description of the reasons why the transaction resulted in a contribution received (see paragraph 958-805-25-31).
(P) December 16, 2027; (N) December 16, 2028
270-10-65-1Instead of the information required by Section 805-30-50, an NFP acquirer shall disclose in interim and annual reporting periods the following information for each acquisition that occurs during the reporting period: - a
A qualitative description of the factors, such as expected synergies from combining operations of the acquiree and the acquirer, intangible assets that do not qualify for separate recognition, or other factors, such as the nonrecognition of collections, that make up either of the following: - 1
- 2
The separate charge recognized in the statement of activities in accordance with paragraph 958-805-25-29.
- b
The acquisition-date fair value of the total consideration transferred (or if no consideration was transferred, that fact) and the acquisition-date fair value of each major class of consideration, such as:
- 1
Cash
- 2
Other tangible or intangible assets, including a business or subsidiary of the acquirer
- 3
Liabilities incurred, for example, a liability for contingent consideration.
- c
- 1
The amount recognized as of the acquisition date
- 2
A description of the arrangement and the basis for determining the amount of the payment
- 3
An estimate of the range of outcomes (undiscounted) or, if a range cannot be estimated, that fact and the reasons why a range cannot be estimated. If the maximum amount of the payment is unlimited, the acquirer shall disclose that fact.
- d
The total amount of goodwill that is expected to be deductible for tax purposes.
- e
If the acquisition results in an inherent contribution received, a description of the reasons why the transaction resulted in a contribution received (see paragraph 958-805-25-31).
Additionally, an NFP acquirer shall disclose the following information for each acquisition that occurs during the reporting period: - a
The amount of collection items acquired that are recognized in the statement of activities as a decrease in the acquirer's net assets in accordance with paragraph 958-805-25-23. - b
The undiscounted amount of conditional promises to give acquired or assumed and a description and the amount of each group of promises with similar characteristics, such as amounts of promises conditioned on establishing new programs, completing a new building, or raising matching gifts by a specified date.
(P) December 16, 2027; (N) December 16, 2028
270-10-65-1Additionally, an NFP acquirer shall disclose in interim and annual reporting periods the following information for each acquisition that occurs during the reporting period: - a
The amount of collection items acquired that are recognized in the statement of activities as a decrease in the acquirer's net assets in accordance with paragraph 958-805-25-23. - b
The undiscounted amount of conditional promises to give acquired or assumed and a description and the amount of each group of promises with similar characteristics, such as amounts of promises conditioned on establishing new programs, completing a new building, or raising matching gifts by a specified date.
For individually immaterial acquisitions occurring during the reporting period that are material collectively, the NFP acquirer shall disclose the information required by paragraphs and 805-10-50-2(e) through (g) in the aggregate. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1For individually immaterial acquisitions occurring during the reporting period that are material collectively, the NFP acquirer shall disclose the information required by paragraphs and 805-10-50-2(e) through (g) in the aggregate in interim and annual reporting periods.If the date of an acquisition is after the reporting date but before the financial statements are issued or available for issue, the NFP acquirer shall disclose the information required by paragraphs unless the initial accounting for the acquisition is incomplete at the time the financial statements are issued or available for issue. In that situation, the acquirer shall describe which disclosures could not be made and the reason why they could not be made. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1If the date of an acquisition is after the reporting date but before the financial statements are issued or available for issue, the NFP acquirer shall disclose in interim and annual reporting periods the information required by paragraphs unless the initial accounting for the acquisition is incomplete at the time the financial statements are issued or available for issue. In that situation, the acquirer shall describe which disclosures could not be made and the reason why they could not be made. To meet the objective in paragraph 805-10-50-5, an NFP acquirer shall disclose the information in this paragraph and paragraph 805-20-50-4A for each material acquisition or in the aggregate for individually immaterial business combinations that are material collectively. For each reporting period after the acquisition date until the NFP acquirer collects, sells, or otherwise loses the right to a contingent consideration asset, or until the NFP acquirer settles a contingent consideration liability or the liability is cancelled or expires, the NFP acquirer shall disclose all of the following:- a
Any changes in the recognized amounts, including any differences arising upon settlement
- b
Any changes in the range of outcomes (undiscounted) and the reasons for those changes
- c
The disclosures required by Section 820-10-50.
(P) December 16, 2027; (N) December 16, 2028
270-10-65-1To meet the objective in paragraph 805-10-50-5, an NFP acquirer shall disclose in interim and annual reporting periods the information in this paragraph and paragraph 805-20-50-4A for each material acquisition or in the aggregate for individually immaterial business combinations that are material collectively. For each interim and annual reporting period after the acquisition date until the NFP acquirer collects, sells, or otherwise loses the right to a contingent consideration asset, or until the NFP acquirer settles a contingent consideration liability or the liability is cancelled or expires, the NFP acquirer shall disclose all of the following:- a
Any changes in the recognized amounts, including any differences arising upon settlement
- b
Any changes in the range of outcomes (undiscounted) and the reasons for those changes
- c
The disclosures required by Section 820-10-50.
An NFP acquirer that does not adopt the accounting alternative for amortizing goodwill in Subtopic 350-20shall provide a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period as required by paragraph 350-20-50-1 for each material acquisition or in the aggregate for individually immaterial acquisitions that are material collectively. (P) December 16, 2027; (N) December 16, 2028
270-10-65-1For interim and annual reporting periods, an NFP acquirer that does not adopt the accounting alternative for amortizing goodwill in Subtopic 350-20shall provide a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period as required by paragraph 350-20-50-1 for each material acquisition or in the aggregate for individually immaterial acquisitions that are material collectively.