For controllers, CFOs, technical accounting teams, and CPA firms, managing the complexities of ASC 805 purchase accounting can be a daunting task. From interpreting intricate agreements to valuing acquired assets and liabilities, an acquisition can generate months of intensive accounting work. But what if you could significantly reduce that workload without compromising accuracy or control?

This insightful guide, "Can ASC 805 Purchase Accounting Be Automated?", provides a practical roadmap for leveraging automation to streamline your acquisition accounting processes. We explore how technology can handle the repeatable tasks, freeing up your team to focus on critical judgments and measurement decisions. Discover how to enhance efficiency, improve documentation, and fortify your audit trail.

Inside this guide, you'll learn:

• Which specific steps of the ASC 805 workflow are prime candidates for automation, such as document intake, consideration scheduling, and PPA workpaper generation.

• Essential guardrails and review points needed to ensure accounting conclusions remain sound, even with automated processes.

• A practical five-step operating model for implementing an effective purchase accounting workflow, from setting a source-of-truth file to finalizing a reviewable package.

• Real-world examples demonstrating how automation can detect conflicts, classify payments, and manage complex items like acquired deferred revenue.

Don't let manual processes bog down your post-acquisition efforts. This guide offers the strategies and insights you need to embrace automation intelligently, transforming your approach to ASC 805.

Download your free guide today and unlock a more efficient and controlled purchase accounting process!