Pwc's Cfodirect Podcast

Every Tuesday in July, Jay Seliber is taking over the podcast to share insights on business combinations, which are often significant events in a company’s life cycle. Jay takes us on a journey through a deal, beginning with the complexities of the overall acquisition accounting model, then diving into some of the more complex areas—identifying the accounting acquirer, accounting for contingent consideration, and reporting with the SEC.To continue the series, Heather and Jay are joined by Chip Currie, another partner in PwC’s National Office, to share insights on the intersection between contingent consideration and acquisition accounting, as well as the key decision points in the multi-step accounting model.In this episode, you’ll hear:2:25 - An overview of the accounting framework for contingent consideration arrangements from the buyer’s perspective, including:7:01 - The criteria for meeting the definition of contingent consideration12:04 - An assessment of whether the arrangement is part of the purchase p