Coverage includes how Topic 805 interacts with other technical areas of the codification, such as guidance on consolidation (the concept of control), fair value measurements, income taxes and share-based payments.

The company also released a special report Accounting and Reporting for Business Combinations, an overview of basic accounting requirements under GAAP.

The report covers scope, the acquisition method of accounting, presentation and disclosure and also observations about FASB updates, certain matters such as pushdown accounting and information on how to avoid costly errors and misstatements in an acquirer's financial statements. Also discussed is how it interacts with other technical areas of the codification, such as guidance on consolidation (the concept of control), fair value measurements, income taxes and share-based payments.

The report, Accounting and Reporting for Business Combinations,is available for download. Information about Checkpoint Catalyst U.S. GAAP is also available.