Gain a better understanding of the FASB guidance and when it should be used.
Companies prepare separate financial statements of their subsidiaries for various reasons, such as spin-offs, regulatory requirements, or compliance with debt covenants. Pushdown accounting establishes a new basis for reporting assets and liabilities in the acquiree's separate financial statements based on a pushdown of the acquirer's new bases. Pushdown typically results in stepping up the basis of assets and liabilities to fair value and recording goodwill in the acquiree's financial statements. This course expounds on the fundamental concepts of pushdown accounting.
Agenda
Faculty
Josef Rashty, CPA, Ph.D. (candidate)
Josef Rashty, CPA
- Certified Public Accountant and a Ph.D. candidate
- Started his career in public accounting with Arthur Andersen and has worked for over 25 years with Silicon Valley technology companies as a financial executive
- Has taught accounting as an adjunct professor and lecturer of accounting with a few universities in the Bay Area for the past ten years
- Has published over 70 articles on contemporary accounting issues in several accounting professional journals (available at https://josefrashty.com)
- He is a peer technical reviewer of the CPA Journal (a New York Society of CPAs publication)
- Regularly publishes CPE accounting articles for Today’s CPA (a Texas Society of CPAs publication) and CPAFocus (an Oklahoma Society of CPAs publication)
- Can be contacted at [email protected]
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