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ERIC Number: EJ1052545
Record Type: Journal
Publication Date: 2008
Pages: 8
Abstractor: As Provided
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-1942-2504
Revised Accounting for Business Combinations
Wilson, Arlette C.; Key, Kimberly
American Journal of Business Education, v1 n2 p13-20 2008
The Financial Accounting Standards Board (FASB) has recently issued Statement of Financial Accounting Standards No. 141 (Revised 2007) Business Combinations. The object of this Statement is to improve the relevance, representational faithfulness, and comparability of reported information about a business combination and its effects. This Statement replaces FASB Statement No. 141, but retains the fundamental requirements that the acquisition method of accounting (previously called the purchase method) be used for all business combinations. Some of the changes related to the accounting for business combinations as a result of the new requirements are discussed and illustrated below.
Descriptors: Accounting, Benchmarking, Standard Setting, Standards, Professional Associations, Change Strategies, Quality Assurance, Purchasing, Business Administration Education, Corporations, Organizational Change, Computation, Costs, Value Judgment, Ethics, Decision Making Skills, Business Skills
Clute Institute. 6901 South Pierce Street Suite 239, Littleton, CO 80128. Tel: 303-904-4750; Fax: 303-978-0413; e-mail: Staff@CluteInstitute.com; Web site: http://www.cluteinstitute.com
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A