Pushdown Accounting

Brief Definition

Pushdown accounting is a method used in financial reporting where the acquiring company pushes its new basis of accounting down to the acquired company’s financial statements.

Further Explanation

Pushdown accounting is a method used in financial reporting where the acquiring company pushes its new basis of accounting down to the acquired company’s financial statements. This approach allows the acquired company to reflect the fair value adjustments made by the acquiring company in its own financial statements.

Example:
Pushdown accounting is a method used in financial reporting where the acquiring company pushes its new basis of accounting down to the acquired company’s financial statements. This approach allows the acquired company to reflect the fair value adjustments made by the acquiring company in its own financial statements.