Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Pension - Social Security
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


 
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 06-01-2018, 06:47 AM
JessyR JessyR is offline
 
Join Date: Nov 2008
Posts: 20
Default Purchase Accounting, reset AOCI to 0

Have a first time case of a business combination.

Last FAS 158 reporting was done on 31/12/2017. I have now received information from the client that the acquisition date is 30th September 2017 and they now have an on going audit to enable the purchase accounting. In light of this I have been informed to reset the AOCI to 0 as of 30/9/2017.

My question is what happens to the earlier AOCI base? Does the Acquirer company absorb it in their AOCI/books on date of acquisition?

Thanks in advance for your help!!
Reply With Quote
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 09:06 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.23953 seconds with 10 queries