ASC 805 definition

ASC 805 means Accounting Standards Codification No. 805 (Business Combinations), as issued by the Financial Accounting Standards Board.
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ASC 805 means the Financial Accounting Standards Board Accounting Standards Codification 805 (Business Combinations), issued by the Financial Accounting Standards Board in December 2007, and (z) “ASC 606” means the Financial Accounting Standards Board Accounting Standards Codification 805 (Revenue Recognition), issued by the Financial Accounting Standards Board in December 2014.
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ASC 805 means Financial Accounting Standards Board’s Accounting Standards Codification Topic 805, Business Combinations (formerly SFAS 141R).
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Examples of ASC 805 in a sentence

  • In connection with the 2012 Acquisition, it was determined that the carrying amount of deferred revenue was greater than the fair value assessed in accordance with ASC 805—Business Combinations, which resulted in a write-down of the carrying value of the deferred revenue balance upon application of acquisition push-down accounting under ASC 805.

  • This resulted in higher overall recorded rent expense each period than would have otherwise been recorded had the deferred rent liability not been written off as a result of the acquisition push down accounting applied in accordance with ASC 805.

  • In accordance with guidance in ASC 805 – Business Combinations, in connection with the 2012 Acquisition, the Company’s deferred rent liability was required to be written off as of the acquisition date and rent was recorded on a straight-line basis from the acquisition date through the end of the lease term.

  • The acquisition was accounted for as a business combination in accordance with ASC 805.

  • In addition, although the objectives of the business combinations project were not directly related to “day 2” accounting3 for assets acquired and liabilities assumed, ASC 805 provides guidance on accounting for certain acquired assets and assumed liabilities after the business combination.

  • ASC 805 refers to this method as the acquisition method.1.4 Scope: identifying business combination transactions‌Under ASC 805, a business combination occurs when an entity obtains control of a business by acquiring its net assets, or some or all of its equity interests.

  • This consideration is being accounted for as post acquisition employee compensation expense in accordance with ASC 805 on “Business combination”.

  • The guidance in ASC 805 requires that acquired assets to be sold be measured at fair value less costs to sell, pursuant to ASC 360.

  • The acquisition was accounted for in accordance with ASC 805, Business Combinations.

  • ASC 805 provides specific, detailed disclosure requirements that are intended to facilitate meeting these disclosure objectives.


More Definitions of ASC 805

ASC 805 means Financial Accounting Standards Codification Topic 805 – Business Combinations (formerly Financial Accounting Standards Board Statement No. 141).
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ASC 805 means Accounting Standards Codification No. 805 (Business Combinations), as issued by the Financial Accounting Standards Board. “ASC 815” means Accounting Standards Codification No. 815 (Derivatives and Hedging), as issued by the Financial Accounting Standards Board.
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ASC 805 means Accounting Standards Codification No. 805 (Business Combinations), as issued by the Financial Accounting Standards Board. “ASC 815” means Accounting Standards Codification No. 815 (Derivatives and Hedging), as issued by the Financial Accounting Standards Board. “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 12.04(b)), and accepted by the Administrative Agent, in the form of Exhibit E or any other form approved by the Administrative Agent. “Availability Period” means the period from and including the Effective Date to but excluding the Termination Date. “Available Borrowing Base” at any time during a Borrowing Base Period means the Borrowing Base at such time less the aggregate principal balance of Permitted Pari Term Loan Debt outstanding at such time. “Available Tenor” means, as of any date of determination and with respect to the then- current Benchmark, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 5.08(e). “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. “Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from
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ASC 805 means Accounting Standards Codification No. 805 (Business Combinations), as issued by the Financial Accounting Standards Board. “ASC 815” means Accounting Standards Codification No. 815 (Derivatives and Hedging), as issued by the Financial Accounting Standards Board. “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose
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Related to ASC 805

  • ASC Topic 718 means the Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation, as amended or any successor accounting standard.

  • ASC means the Financial Accounting Standards Board Accounting Standards Codification, as in effect from time to time.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Basis Adjustment means a portion of the tax basis of an Original Asset, equal to the Basis Adjustment attributable to such Original Asset immediately prior to such Section 732 Event, including, for this purpose, any increase in the basis of an Original Asset pursuant to Section 1012 of the Code and Revenue Ruling 99-6, 1999-1 C.B. 432, due to an Exchange that causes the Partnership to become an entity that is disregarded as separate from its owner for tax purposes.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.