ASC 805 Business Combinations
E123141
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
All labels observed (1)
| Label | Occurrences |
|---|---|
| ASC 805 Business Combinations canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T1080075 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: ASC 805 Business Combinations Context triple: [US GAAP, includesStandard, ASC 805 Business Combinations]
-
A.
Oracle Cash Management
Oracle Cash Management is a financial module within Oracle E-Business Suite that helps organizations manage, reconcile, and forecast cash and bank transactions.
-
B.
United Nations System of National Accounts
The United Nations System of National Accounts is an internationally agreed statistical framework that provides standardized concepts, definitions, classifications, and accounting rules for measuring a country’s economic activity and compiling national accounts such as GDP.
-
C.
AGC
AGC is the abbreviation for the Adjutant General's Corps, a branch of the British Army responsible for personnel administration, career management, and support services.
-
D.
Merger Treaty
The Merger Treaty was a 1965 agreement that unified the executive institutions of the European Communities, creating a single Commission and a single Council to streamline their governance.
-
E.
Kaseman Beckman Advanced Strategies
Kaseman Beckman Advanced Strategies is an architecture firm best known for designing the Pentagon Memorial honoring the victims of the September 11, 2001 attacks.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: ASC 805 Business Combinations Target entity description: ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
-
A.
Oracle Cash Management
Oracle Cash Management is a financial module within Oracle E-Business Suite that helps organizations manage, reconcile, and forecast cash and bank transactions.
-
B.
United Nations System of National Accounts
The United Nations System of National Accounts is an internationally agreed statistical framework that provides standardized concepts, definitions, classifications, and accounting rules for measuring a country’s economic activity and compiling national accounts such as GDP.
-
C.
AGC
AGC is the abbreviation for the Adjutant General's Corps, a branch of the British Army responsible for personnel administration, career management, and support services.
-
D.
Merger Treaty
The Merger Treaty was a 1965 agreement that unified the executive institutions of the European Communities, creating a single Commission and a single Council to streamline their governance.
-
E.
Kaseman Beckman Advanced Strategies
Kaseman Beckman Advanced Strategies is an architecture firm best known for designing the Pentagon Memorial honoring the victims of the September 11, 2001 attacks.
- F. None of above. chosen
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
FASB Accounting Standards Codification Topic
ⓘ
U.S. GAAP accounting standard ⓘ |
| addresses |
acquisition-related costs
ⓘ
business combinations achieved without the transfer of consideration ⓘ measurement period adjustments ⓘ recognition and measurement of contingent consideration ⓘ reverse acquisitions ⓘ step acquisitions ⓘ |
| appliesIn |
consolidated financial statements
ⓘ
separate financial statements of the acquirer when applicable ⓘ |
| appliesTo |
acquirers in business combinations
ⓘ
entities reporting under U.S. GAAP ⓘ |
| defines |
acquirer
ⓘ
acquisition date ⓘ acquisition method ⓘ bargain purchase ⓘ business ⓘ business combination ⓘ goodwill ⓘ identifiable assets acquired ⓘ liabilities assumed ⓘ noncontrolling interest ⓘ |
| disclosureIncludes |
acquisition-date fair value of consideration transferred
ⓘ
information that enables users to evaluate the nature and financial effect of business combinations ⓘ primary reasons for the business combination ⓘ qualitative description of factors that make up goodwill ⓘ recognized amounts of major classes of assets acquired and liabilities assumed ⓘ |
| governs | accounting for business combinations under U.S. GAAP ⓘ |
| issuedBy | Financial Accounting Standards Board ⓘ |
| measurementBasis | fair value at the acquisition date ⓘ |
| objective | to improve the relevance, reliability, and comparability of information about business combinations ⓘ |
| partOf | FASB Accounting Standards Codification ⓘ |
| predicate | Business Combinations ⓘ |
| relatedTo |
ASC 350 Intangibles—Goodwill and Other
ⓘ
ASC 810 Consolidation ⓘ |
| requires |
acquisition method of accounting for business combinations
ⓘ
acquisition-related costs to be expensed as incurred ⓘ determination of the acquisition date ⓘ extensive disclosures about business combinations ⓘ identification of the acquirer ⓘ measurement of identifiable assets acquired and liabilities assumed at fair value ⓘ measurement of noncontrolling interests at fair value or at the noncontrolling interest’s proportionate share of the acquiree’s identifiable net assets when permitted ⓘ recognition of goodwill or a gain from a bargain purchase ⓘ recognition of identifiable assets acquired and liabilities assumed ⓘ recognition of noncontrolling interests in the acquiree ⓘ separate recognition of identifiable intangible assets from goodwill when criteria are met ⓘ |
| scopeExcludes |
acquisition of an asset or group of assets that does not constitute a business
ⓘ
combinations between entities under common control ⓘ formation of a joint venture ⓘ |
| scopeIncludes |
acquisitions of businesses
ⓘ
control obtained through asset purchases that constitute a business ⓘ mergers and acquisitions ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: ASC 805 Business Combinations Description of subject: ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.