Completion Accounts - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RCAoasVOAmxHyW8UMRG5Btr

Label Completion Accounts

Preferred Label N/A

Identifier N/A

Alternative Labels

Closing Accounts Final Settlement Accounts Post-Closing Accounts True-Up Accounts

Definition

Completion Accounts are financial statements prepared as of the closing date of an M&A transaction to determine the final purchase price. They include adjustments for working capital, cash, debt, and other relevant items, ensuring the buyer pays a price reflecting the target's actual financial position at closing.

Examples

• A target company’s Completion Accounts show a higher debt level at closing, resulting in a purchase price reduction.
• The Completion Accounts include adjustments for previously undisclosed liabilities discovered during due diligence.

Class Relationships

Sub Class Of

• Purchase Price Adjustment Mechanism

Is Defined By

N/A

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Interactive visualization requires JavaScript

You can still navigate the class hierarchy using the text links in the "Class Relationships" section above.

Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available