The deal closes once; the accounting gets reviewed for a year. GAAP IQ documents the calls in order: business or asset acquisition, what was paid, what was acquired, and the goodwill that has to foot.
Every purchase accounting file answers the same questions in the same order. MemoIQ's business combinations playbook walks them.
The screen test is a threshold call decided before anything else, because an asset acquisition has no goodwill and the rest of the memo depends on the answer.
Contingent consideration is a threshold call for classification, and acquisition costs and separate transactions are analyzed apart from the exchange.
The memo works consideration, plus any noncontrolling interest, less net identifiable assets, and the result has to foot, or the analysis turns to a bargain purchase.
Provisional amounts and the measurement period are part of the analysis, so later adjustments have a documented starting point.
Purchase accounting has firm-by-firm nuance. ResearchIQ shows where the handbooks agree and where they read a question differently.
Every claim carries a pill that opens the handbook at the exact page, and a verifier strips any citation it cannot support before the answer is shown.
When the KPMG and EY business combinations guides read a judgment area differently, the positions appear side by side instead of an average that exists nowhere.
One question is one research session: tables, pushback, and the fourth follow-up all belong to the same thread.
What you decide for the first deal sets the pattern for the next one. PolicyIQ records the elections, and ScheduleIQ builds the schedules that follow the close.
Private-company goodwill and intangibles alternatives, the goodwill testing level, pushdown accounting, contingent consideration classification, and the asset-acquisition model are each asked and documented.
ScheduleIQ builds intangible amortization and earnout accretion schedules in Excel from the values you provide, and flags any schedule it could not independently tie out.
DisclosureIQ drafts the business combinations note against the requirements, modeled on how up to 3 comparable companies disclose acquisitions in recent 10-Ks.
Every plan includes all seven tools on GAAP IQ. These are the four an acquisition reaches first.
Every plan includes all seven tools: Professional is $149 per month, or $1,490 per year (two months free), and Enterprise is $399 per month, or $3,990 per year. Details on the pricing page.
Worked through in full: building a purchase price allocation, and profits interest units in a business combination.
It documents and researches the allocation; it does not value the assets. MemoIQ drafts the analysis from consideration through goodwill using the fair values you provide, typically from a valuation specialist, and ScheduleIQ can build intangible amortization and earnout accretion schedules from those values.
The memo starts there. The screen test is drafted as a threshold call before anything else, because the answer decides whether goodwill exists at all. You make the call, or autopilot drafts through it and flags the assumption in the margin.
Yes. PolicyIQ asks whether you are eligible for and elect the private-company goodwill and intangibles alternatives, including amortizing goodwill over ten years or less and the triggering-event alternative, and drafts the chapter with page-level handbook citations.
ResearchIQ retrieves from indexed Big 4 interpretive handbooks, including business combinations guides from KPMG and EY, and a verifier model checks every citation against its source text before the answer is shown, stripping anything it cannot support.
The free plan includes one full cited research session, one memo, one disclosure, one policy, and two schedules to try on a real question.
No credit card required