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Five Primary Actions to Prepare Purchase Price Allocation

Purchase price allocation is an important step in financial reporting after the completion of an M&A or business integration. It is defined as the tasks of assigning the cost of an acquired entity (also known as purchase price) to the assets acquired and liabilities assumed. Purchase price allocation is typically conducted in accordance with accounting standard ASC 805 (applicable in the US) or IFRS 3 Revised (applicable outside the US) and is based on the acquisition method of accounting.  Primary actions for purchase price allocation: Understanding the transaction and investment rationale The first and foremost step is transaction analysis. Key points in this step include: Identifying the acquirer Determining the closing date Determining whether it is an asset purchase or stock purchase Understanding key investment rationale Determining purchase consideration Purchase consideration can take many forms such as cash, stock, earnouts, notes payable, and assumed

Slurry Pumps: Perfect For Heavy-wearing And Heavy-duty Applications

Pumps that are used in places where the flow of fluid includes abrasives particles or slag need pumps that can withstand such interruptions. These pumps are nothing but centrifugal pumps with materials that can control erosion to it and the parts fitted are easily replaceable. A slurry pump is majorly used in places where abrasives are highly present during the transfer of fluid, places like mines, petroleum industries sewage treatment plants, etc. Most of these pumps are fixed units and used as a long term machine. Therefore, it heavily relies on the easy replacement of parts during damage. A slurry pump works similar to a centrifugal pump but just with the addition of damage-resistant materials. A slurry pump houses a motor that power the pump shaft using electrical energy which causes the pump impeller to rotate. As the fluid flows in axially into the impeller, it causes the impeller to have a tangentially and radial effect on the flow of the fluid. The fluid is thrust ou

What are Fugitive Emissions?

Fugitive emissions are accidental releases of gases which may be caused due to defaults in equipment design resulting in leakage or system errors mostly from industrial activities. This type of leakage is never noticed or sensed through any device. The term fugitive is used as the emission is not measured in the design of the device, collected by the equipment/systems for pollution control and is not detected by the usual inspection phase of the equipment. Fugitive pollution can potentially pose a threat to human health, safety, and climate. Fugitive emissions are released from industries such as refineries, during oil extractions and generation of solid fuel, petroleum and gas industries, etc. These toxic compounds from the industries are released into the environment basically due to leaks and major components which contribute to leakage are; Flanges Connectors Valves Pumps Compressors Pressure relief devices Agitators What is Fugitive Emissions testing? As we already

How does the mechanical seal pump work?

The mechanical seal is helpful to rotate the part of the shaft against the stationary segment of the pump housing. So the shaft is allowed to turn while maintaining a seal. Hence, it turns out to be extremely difficult for leakage to occur beyond vapor if the installation is done correctly in good condition. Lubrication and parallel faces are essential to a mechanical seal pump . In case the pump fails to supply adequate lift, a seal support system is implemented to generate a lubricating fluid. The front face of the seal usually contains a black carbon face.  What is a Mechanical Seal on a Pump? The mechanical seals are devices that form a packing. The packing is formed between the rotor and the stationary segment of the centrifugal pumps. This is beneficial in preventing the leakage of the fluid after pumping. Every mechanical seal pump has five primary elements. They are: A ring that circulates synchronously with the rotating shaft. A secondary seal between shaft and ring.

Disadvantages of Not Doing a Purchase Price Allocation

Subsequent to an acquisition, the purchase price is allocated to the assets and liabilities of a company in what is known as purchase price allocation. The primary objective of this exercise is to ensure financial statements are updated, especially with regard to an asset (tangible/intangible) in order to establish its accurate value. The process is required for complying with financial reporting standards (GAAP/IFRS) as per set guidelines and, if not done accurately, can create serious accounting issues for the company. It is essential to carry out the correct valuation of acquired assets and liabilities and allocate the residual value to intangible assets such as goodwill and intellectual property.  Having an inaccurate purchase price allocation or not conducting it can create issues for the company in later stages. They are: Inaccurate purchase price allocation analysis can lead to gross over/understatement of acquired intangibles, which could result in red flags during your ann

8 Ideas On How School Kids Should Get More Organised

Developing organizational skills is a key point for school kids to achieve success in academics and in real life too. CBSE school students may find it difficult to manage all the assignments and work along with other activities they indulge in. If you are a parent, you might be observing that your child has built-up stress and is getting less sleep in order to catch up on all the necessary things. So, getting organized is very essential for school kids to develop good habits and become productive.    We will list 8 ideas on how school students should get more organised:   Create and follow a routine Establishing a weekly routine is the first strategy for getting organised. Think about the things that are very important which you should mention in your routine like when you will do your homework, when you will go out to play or when you will go to bed and so on. A parent should help their child by reminding them about the things included in their routine. However, it is sometimes

Need for Identity Management Solutions into your Organisation

Are usernames & passwords, the only real factors standing between your business very important knowledge & a cyber attack? If affirmative, then it’s doubtless time for a security upgrade for your cloud and on-premise applications. We are increasingly exploiting applications on our smartphones for business and personal functions. Everyday activities became heaps easier and far additional economical to perform; the activities that accustomed take days are worn out seconds today. These activities became central to our lives. That’s why such identity management answer suppliers treat the protection of their knowledge and your information as a heavy house of focus. an analogous drawback may be a downside Janus-faced by B2B firms or B2E (Business to Employee) applications among a company equally. Altogether such cases, if even one account is compromised, then all knowledge hold on in your application would possibly come back below threat. As users, we have got a bent to recolle