Matt Sabatini

Matt Sabatini, a Partner in PwC's National Office, guides clients through complex financial reporting, while Alexander Martin, a Partner in PwC's Deals practice, tackles transformational business issues. They dive into the intricacies of consolidation disclosures, especially concerning variable interest entities (VIEs) and voting interest entities (VOEs). The discussion emphasizes transparency, detailing regulatory compliance, maximum exposure to losses, and the importance of clear presentation principles in financial statements for effective user communication.

In this discussion, Matt Sabatini and Katie Driessen from PwC tackle the intricate world of selling businesses. Matt breaks down the held-for-sale criteria and explains the essential judgments needed for classification. Katie shares insights on measuring disposal groups and the implications of accounting for gains or losses. They also delve into discontinued operations, clarifying what qualifies and the necessary presentations for their financial statements. Their expertise sheds light on navigating these complex transactions effectively.

PwC's accounting experts Matt Sabatini and Alexander Martin discuss asset acquisition accounting, distinguishing it from business combinations. They cover topics like identifying assets, contingent consideration arrangements, transaction costs impact, noncontrolling interests, and cost allocation. The discussion provides insights into the complexities of asset acquisitions and the unique accounting framework involved.