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Accounting for measurement period adjustments in a business combination

The objective of this project is simplify the guidance on measurement period adjustment.


Meeting minutes

  • August 5, 2015 — The FASB discussed feedback received on its May 2015 proposed ASU and made decisions about (1) adjustments to provisional amounts, (2) transition and disclosures, and (3) effective date. The Board directed its staff to draft a final ASU.
  • March 18, 2015 — The Board decided to add this project to its agenda and made tentative decisions.


Current status

On September 25, 2015, the FASB issued an Accounting Standards Update (ASU), Simplifying the Accounting for Measurement-Period Adjustments, as part of its simplification initiative (i.e., the Board’s effort to reduce the cost and complexity of certain aspects of U.S. GAAP).


Project milestones

March 18, 2015 Added to the FASB's agenda.
May 21, 2015 Proposed ASU, Simplifying the Accounting for Measurement-Period Adjustments Comment deadline
July 6, 2015.
September 25, 2015 ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments Effective December 15, 2015, for public entities.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.