The accounting treatment of acquisition-related transactions (particularly the formation transaction) entered into by a portfolio company of a private equity group can often be extremely complicated and involve many different sources of authoritative accounting guidance. McGladrey & Pullen, LLP has prepared the attached Private Equity Group Portfolio Company Accounting Toolkit to help guide readers through the appropriate accounting guidance, as well as provide examples to help with the related accounting and reporting. This toolkit includes flowcharts, and illustrations of their related application, for formation transactions often entered into by private equity group portfolio companies, together with certain technical accounting guidance utilized for transactions discussed throughout the toolkit. Furthermore, the toolkit includes two fact sheets that describe the changes to certain current authoritative guidance relating to business combinations and consolidations that will be effective for annual reporting periods beginning on or after December 15, 2008 (e.g., January 1, 2009 for calendar year-end companies).
This toolkit is available in PDF form below. In addition, a printed bound copy of the Private Equity Group Portfolio Company Accounting Toolkit may be requested from your local McGladrey & Pullen audit specialist.
View PDF of Toolkit Here |
