Business Combinations with SFAS 141 R, 157, and 160
A Guide to Financial Reporting
1. Auflage April 2009
264 Seiten, Softcover
Wiley & Sons Ltd
Every time there's a merger, acquisition, or similar
transaction, a giant pile of new documents descends on the
accounting department with the call to Book That Deal! But the
preparers are typically unprepared to deal quickly and succinctly
with the intricacies of fair value. Business Combinations with SFAS
141R, 157 and 160 is the guidance desperately needed by anyone who
needs to book a new business combination quickly.
It has been rushed into print to clarify the process under the
newly revised SFAS 141R, and will enable any preparer to document
the appropriate financial reporting measurement clearly and
concisely and apply FASB's interpretations to specific facts
and circumstances.
Business Combinations with SFAS 141R, 157, and 160 also includes
a SFAS 157 flowchart, a checklist for implementing the standard, a
SFAS 157 worksheet, supplemental checklists for intangible assets,
and insight from FASB's Valuation Resource Group discussing
some 35 areas of discussion. It will be an invaluable tool for any
preparer.
authors for many years, and employed their firm on many complex
projects in the past, I am confident in their abilities. The
intricacies of the topics mandate completeness of coverage in a
succinct (impossible to be simple) manner if the reader is to grasp
the true value. They've done that here."
-James A. McNulty, CFO, BioDelivery Sciences
International, Inc.
"FASB guidance is not very explicit in telling accountants how
to make fair value measurements leaving interpretation up to
preparers, auditors, and valuation specialists. In this text, the
authors - a former FASB board member and two valuation
specialists -- give firms their interpretations of FASB literature
of how to make these sorts of measurements to comply with U.S.
GAAP."
-Michael A. Crain, Former chairman, AICPA Business
Valuation Committee