The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have each issued exposure drafts of a jointly proposed standard 1 that would once again alter financial reporting for business combinations. Among other things, if enacted, the proposal would requ
Update on Business Reporting and Business Combinations
โ Scribed by Paul Munter
- Publisher
- John Wiley and Sons
- Year
- 2001
- Tongue
- English
- Weight
- 48 KB
- Volume
- 12
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
โฆ Synopsis
As you know, the Financial Accounting Standards Board (FASB) has devoted a significant amount of its time and effort to the project on business combinations over the last several months. Because of the significance of the project, both in terms of U.S. reporting and the opportunity for greater convergence with international standards, the project continues to be a high priority for the FASB. Another project which has not received nearly as much attention, but which has the potential to significantly affect financial reporting practices, is the project on Business Reporting.
๐ SIMILAR VOLUMES
In recent months, the Financial Accounting Standard Board (FASB) has moved toward completion of several key projects on its agenda. This effort has led to the issuance of exposure drafts on some of the projects. The exposure draft is, of course, the presentation of
## Abstract Two FASB standards have radically changed the rules for accounting for mergers and acquisitions. __ยฉ 2002 Wiley Periodicals, Inc.__