Intermediate

Business combination accounting: step-by-step closing checklist

Creates a checklist for business combination accounting including identification, measurement, and disclosures. Useful for post-acquisition close and audit coordination.

Create a business combination accounting checklist for acquisition of {target_name}.

Inputs:
- Deal structure and date: {deal_structure_date}
- Consideration details: {consideration}
- Preliminary PPA outputs (if any): {ppa_outputs}
- Integration systems and close timeline: {integration_timeline}
- Contingent consideration/earnouts: {earnouts}

Output:
1) Step-by-step checklist: initial recognition, measurement period items, disclosures.
2) Workpaper list and evidence requirements.
3) Journal entry list (acquisition accounting, goodwill, deferred taxes if provided).
4) Risks and questions for valuation/tax specialists.

Make it close-ready and practical.

Related Prompts

Technical Research

Beginner

Policy example bank: common journal entries and scenarios

Creates an example bank of common scenarios and journal entries tied to policy guidance. Useful for consistent application and training.

GPT-5.2 Thinking; GPT-4.1; o3-mini

Technical Research

Intermediate

Adoption policy election decision guide (pros/cons)

Helps evaluate policy elections and transition options for a standard adoption. Useful for choosing practical elections and documenting rationale.

GPT-5.2 Thinking; GPT-4.1; o3-mini

Technical Research

Advanced

Policy-to-controls mapping (SOX-ready) for key accounting areas

Maps policies to control activities and evidence to support compliance and audit. Useful for aligning technical accounting with internal controls.

GPT-5.2 Thinking; GPT-4.1; o3-mini