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- Title
Business Combinations: The Next Accounting Albatross?
- Authors
Minter, Frank C.
- Abstract
The article discusses the Financial Accounting Standards Board's (FASB) project on business combinations. The FASB first considered this subject by adding it to its technical agenda in 1973. It issued a Discussion Memorandum in 1976 but then decided to defer any consideration of the issues until it completed its conceptual framework. Over the subsequent years, the value of mergers and acquisitions has grown enormously. The FASB has stated that the project will focus on financial accounting and reporting standards for business combinations and purchased intangibles. It will specifically address whether there is a need to continue with two separate methods of accounting for business combinations or whether one method will suffice.
- Subjects
MERGERS &; acquisitions; ACCOUNTING standards; MEMORANDUMS; FINANCIAL statements; ACCOUNTING; INTANGIBLE property
- Publication
Journal of Corporate Accounting & Finance (Wiley), 1999, Vol 10, Issue 2, p11
- ISSN
1044-8136
- Publication type
Article
- DOI
10.1002/1097-0053(199924)10:2<11::AID-JCAF2>3.0.CO;2-W