This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
New Business Combination Guidance for Contract Assets & Liabilities
Business combinations can be one of the most complicated areas of accounting guidance. This article provides details on a new accounting standards update that addresses how to determine whether a contract liability is recognized by the acquirer in a business combination.