Consolidacion

No. 2012-06
October 2012

Business Combinations (Topic 805)

Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a
Financial Institution a consensus of the FASB Emerging Issues Task Force

An Amendment of the FASB Accounting Standards Codification®

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AccountingStandards Update

No. 2012-06
October 2012

Business Combinations (Topic 805)

Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a
Financial Institution

An Amendment of the FASB Accounting Standards Codification®

Financial Accounting Standards Board
of the Financial Accounting Foundation
401MERRITT 7, PO BOX 5116, NORWALK, CONNECTICUT 06856-5116

Accounting Standards Update 2012-06 Business Combinations (Topic 805)
Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a
Financial Institution

October 2012 CONTENTS
Page Numbers
Summary 1–2
Amendments to the FASB Accounting StandardsCodification® 3–5
Background Information and Basis for Conclusions 6–9
Amendments to the XBRL Taxonomy 10

Summary

Why Is the FASB Issuing This Accounting Standards Update (Update)?

Accounting for a business combination requires that at each subsequent reporting date, an acquirer measure an indemnification asset on the same basis as the indemnified liability or asset, subject to anycontractual limitations on its amount, and, for an indemnification asset that is not subsequently measured at its fair value, management’s assessment of the collectibility of the indemnification asset. The objective of this Update is to address the diversity in practice about how to interpret the terms on the same basis and contractual limitations when subsequently measuring an indemnification assetrecognized in a government- assisted (Federal Deposit Insurance Corporation or National Credit Union Administration) acquisition of a financial institution that includes a loss-sharing agreement (indemnification agreement).

Who Is Affected by the Amendments in This Update?

The amendments in this Update affect all entities that recognize an indemnification asset (in accordance with Subtopic...