Accounting Standards Update · 2014

ASU 2014-18 — Business Combinations (Topic 805)

The objective of the amendments in this Update is to address the concerns of private company stakeholders that the benefits of the current accounting for identifiable intangible assets acquired in a business combination do not justify the related costs. The amendments provide guidance about an accounting alternative for recognizing or otherwise considering the fair value of identifiable intangible assets acquired as a result of certain specified transactions, including business combinations.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update PCC-13-01A—Business Combinations (Topic 805), which has been deleted.

Accounting Standards Update No. 2014-18 (PDF)

Issued: December 23, 2014

Text as published in the FASB Accounting Standards Codification, Basic View.