Deloitte FAS 141R-Acquisition Accounting

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Example 5 — transaction costs (cont.)View 1 — Don’t Anticipate ClosingDRDRTransaction expense $10,000Cash $10,000Deferred tax asset $4,000Deferred tax expense $4,000Adjusting entry at closingDeferred tax expense $4,000Deferred tax asset $4,000Current tax liability $1,600Current tax expenseNet 2,400$1,600Copyright © 2012 <strong>Deloitte</strong> Development LLC. All rights reserved.36
Example 5 — transaction costs (cont.)View 2 — Record Expected Tax ConsequencesDRCRTransaction expense $10,000Cash $10,000Deferred tax asset $1,600Deferred tax expense $1,600At closeDeferred tax expense $1,600Deferred tax asset $1,600Current tax liability $1,600Current tax benefitNet zero$1,600Copyright © 2012 <strong>Deloitte</strong> Development LLC. All rights reserved.37
Page 4: Tax status of enterprise being acqu
Page 7 and 8: Taxable business combinations• Ac
Page 9 and 10: Financial Reporting for TaxesStep 2
Page 11 and 12: Example 1 — taxable asset purchas
Page 14 and 15: Application to specific basis diffe
Page 16 and 17: Goodwill (cont.)Tax Accounting for
Page 18 and 19: In-process R&DFinancial Reporting
Page 20 and 21: Deferred revenueFinancial Reporting
Page 22 and 23: Accrued compensationFinancial Repor
Page 24 and 25: Uncertain tax positions — general
Page 28 and 29: Valuation allowances — section 38
Page 30 and 31: Example 4 — indemnification and U
Page 34 and 35: Transaction costs — pre-acquisiti
Page 38 and 39: Example 6 — transaction costsFact
Page 42 and 43: Example 7 — measurement period ad
Page 44 and 45: Example 7 — measurement period ad
Page 46 and 47: Example 8 — contingent considerat
Page 54 and 55: Sample UTB tabular rollforward(Doll
Page 56 and 57: Supporting process and documentatio
Page 58 and 59: Copyright © 2012 Deloitte Developm
Page 60: About DeloitteDeloitte refers to on

Deloitte FAS 141R-Acquisition Accounting

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