Transcription of Divestitures - Deloitte
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Life Sciences Accounting and Financial Reporting Update . Interpretive Guidance on Acquisitions and Divestitures March 2017. Acquisitions and Divestitures Introduction Worldwide, the growing demand for health care services, fueled by aging populations and burgeoning middle classes along with expectations of higher-quality care and a squeeze on funding is driving a need for new business models. With public finances stretched and austerity measures in place in the aftermath of the global financial crisis, governments in countries from the United States and the United Kingdom to Japan, China, and Brazil are rethinking their health care strategies. In such an environment, companies must find new ways to improve the efficiency of their operations, increase their R&D1. capabilities, tap into alternative sources of innovation, and acquire new customers.
ASC 805-10-55-4 through 55-9 provide implementation guidance to help entities identify what constitutes a business: ASC 805-10 55-4 A business consists of inputs and processes applied to those inputs that have the ability to create outputs. Although businesses usually have outputs, outputs are not required for an integrated set to qualify as
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