FASB and Business Combinations

Related BrainMass Solutions

• Reporting Standards and Accounting Principles

  Generally Accepted Accounting Principles (GAAP) on the business combinations: Phase II There have been several efforts made toward the convergence of IFRS and GAAP on the business combinations: Phase II.

• Accounting Business Combinations

  130074 Advance Accounting Business Combinations Business Combinations A merger boom comparable to those of the 1960s and mid-1980s occurred in the 1900s and into the new century.

• SFAS 159 and the SFAS 141R

  It helps measure goodwill acquired, and shows the information that should be disclosed. The SFAS 141R defines a business combination, and helps account for business combinations.

• ACQUISITION METHOD in a bargain purchase situation

  Goodwill is recognized and tested for impairment on an annual basis. Although the FASB for Business Combinations: Applying the Acquisition Method?

• Coca Cola Company and PepsiCo

  (b) and (c) for PepsiCo, Inc.: In July 2001, the FASB issued SFAS No. 141, "Business Combinations."

• Under the acquisition method which of the following is true?

  Accountants' and legal fees would be part of consideration transferred Although the FASB for Business Combinations: Applying the Acquisition Method?

• Content Areas in the FASB Codification System

  Broad transactions: This includes guidance as to recording transactions involving business combinations, leases, and non-monetary transactions. 9.

• Convergence of IFRS and U.S. GAAP on financial performance

  Currently, the FASB and IASB are conducting joint projects to address Revenue Recognition and Business Combinations.

• Other than oversight in business combinations, what has the government done to ensure businesses are ethical?

  Is it working and how has it affected the economy? Other than having oversight in business combinations, which serves to prevent monopolies, what has government done to assure that businesses are conducting themselves in an ethical manner?