New M&A Accounting Rules Not Widely Understood

Heffes, Ellen M.
January 2002
Financial Executive;Jan/Feb2002, Vol. 18 Issue 1, p52
Academic Journal
The article discusses results of a poll conducted by KPMG LLP of senior business executives. Sixty-four percent of those surveyed say their staff need additional guidance on Financial Accounting Standards 141 and 142, both of which deal with accounting for mergers and acquisitions (M&A). An overwhelming majority indicated their firms' M&A activity would not be affected by the elimination of the "pooling of interests" accounting method.


Related Articles

  • FASB reconfirms plan to end pooling-of-interests.  // Fairfield County Business Journal;01/29/2001, Vol. 40 Issue 5, p6 

    Focuses on United States-based Financial Accounting Standards Board's decision to eliminate the pooling-of-interest method of accounting for business combinations. Utilization of the purchase method; Enhancement of transparency of the reporting for business combinations; Proposal to issue a...

  • Accounting for business combinations.  // CA Magazine;Apr99, Vol. 132 Issue 3, pS1 

    Presents a summary of the Accounting Standards Board's steps related to the development of a harmonized accounting standard for business combinations in North America. Includes cooperation with the Financial Accounting Standards Board of the United States; Publication of invitations to comment...

  • Demise of Pooling May Slow Deal Flow, for a Time. Martinez, Matthew // Mergers & Acquisitions Report;05/03/99, Vol. 12 Issue 18, p6 

    Discusses the ruling of the United States Financial Accounting Standards Board (FASB) on the accounting methods for merging companies. Uncertainty of the elimination of pooling method; Effects of the ruling on merger and acquisition activities.

  • FASB Bars Pooling in Two-Step Approach. Duran, Nicole // American Banker;5/17/2001, Vol. 166 Issue 95, p1 

    Reports on the Financial Accounting Standards Board's elimination of pooling-of-interests accounting for mergers and imposition of a system that would require combining companies to recognize goodwill on their balance sheets. Allowance of non-calendar-year companies to implement impairment...

  • FASB Head Sounds off on Pooling's End. Pratt, Ben // Mergers & Acquisitions Report;10/18/99, Vol. 12 Issue 41, p3 

    Focuses on the prediction of Ed Jenkins, chairman of the United States Financial Accounting Standards Board (FASB) for a surge in acquisitions prior to the changes in accounting rules. Background of the FASB rules; Impact of the change in reporting methodology on acquirer; Approach used by FASB...

  • TIME TO GET OUT OF THE POOL. Kroll, Karen // Industry Week/IW;10/16/2000, Vol. 249 Issue 17, p27 

    Discusses the proposal of the United States Financial Accounting Standards Board to eliminate the pooling-of-interests method of accounting for mergers and acquisitions. Implications of the elimination of the pooling-of-interests accounting method; Arguments regarding the accounting of mergers...

  • Accounting for Business Combinations: A Time for Change. Powers, Ollie S. // National Public Accountant;Nov2000, Vol. 45 Issue 9, p12 

    Discusses the methods of accounting for business combinations in the United States. Ruling of the Accounting Principles Board on business combinations; Arguments on the purchase method in business combination; Details on project on business combinations sponsored by the Financial Accounting...

  • Accounting Rule May Impact Broker M&A. Doran, Tom // National Underwriter / Property & Casualty Risk & Benefits Manag;06/04/2001, Vol. 105 Issue 23, p13 

    Asks the possible actions to be taken by the United States Financial Accounting Standards Board and the accounting rule, Generally Accepted Accounting Principles (GAAP) for the insurance brokerage mergers and acquisitions (M&A). Discussion on purchase and pooling accounting methods; Proposal...

  • No More Poolings. Harden, Stuart // Outlook;Summer99, Vol. 67 Issue 2, p6 

    Reports that the United States Financial Accounting Standards Board would eliminate pooling of interests, a method of accounting for business combinations. Inclusion of a standard that would replace the Opinion of the Accounting Principles Board Number 16; Proposed Statement of Financial...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics