Business combination accounting is not revised for which type of information?

The correct answer identifies that business combination accounting is not revised for information post-acquisition date that is non-factual. In the context of accounting for business combinations, this means that the accounting treatment and reporting of the acquisition remain focused on concrete, factual information available as of the acquisition date.

If information arises post-acquisition that does not pertain to clear, factual data—such as projections, opinions, or forecasts—it does not warrant a revision of the initial accounting entries made during the business combination. Generally, financial reporting is based on verifiable evidence, and subjective or speculative information does not fall within those parameters. This ensures the integrity and reliability of the financial statements.

In contrast, information that existed as of the acquisition date is crucial for assessment and valuation, and thus is included in the evaluation. Changes in market conditions and errors made before the acquisition may have implications for the ongoing reporting and might influence future assessments, but these are treated differently from non-factual post-acquisition information. Thus, understanding the boundaries of relevant information and how it impacts accounting practices is essential in business valuation and maintains the accuracy and relevance of financial reporting.