Larry sat down with Crain Content Studio – Cleveland to share his perspective on advantages and other considerations associated with seeking valuations.

“While some public companies may initially embrace the simplification, some may recognize that fair value will now be equal to the carrying amount post impairment.”

“The distinction between an asset purchase and a business combination can make a difference to a company’s financial reporting.”

Hamilton also shares examples to highlight current best practices using an option-based approach based on financial metrics such as revenue or EBITDA.

The article further discusses that the IRS has issued a request for comment on whether it should revise its procedures for granting permission to tax accounting methods.