Asked by: Antoan Strassebusiness and finance mergers and acquisitions
What is Pgaap?
Last Updated: 3rd April, 2021
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Also to know is, what does Pgaap stand for?
Likewise, what is Voba insurance? VOBA is an identifiable intangible asset representing the value of the insurance businesses acquired. The amount determined represents the purchase price paid to the seller for producing the business.
Beside above, what is the purchase method of accounting?
purchase method. A method of accounting for a merger or combination in which one firm is considered to have purchased the assets of the other firm. If the price paid for the acquired firm exceeds the market value of the acquired firm's assets, the difference is recorded as goodwill on the acquiring firm's balance sheet
What is purchase price amortization?
In acquisition accounting, purchase price allocation is a practice in which an acquirer allocates the purchase price into the assets and liabilities of the target company acquired in the transaction. Purchase price allocation is an important step in accounting reporting after the completion of a merger or acquisition.