The Joint Business Combinations Project

Watrin, Christoph; Strohm, Christiane; Struffert, Ralf
January 2006
CPA Journal;Jan2006, Vol. 76 Issue 1, p22
Academic Journal
The article deals with the plan to converge International Financial Reporting Standards (IFRS)/International Accounting Standards (IAS) and U.S. Generally Accepted Accounting Principles as part of the ongoing internationalization of accounting. One of the most important subjects of the convergence project is the accounting for business combinations, because of the number of these transactions. Application of IFRS 3 and treatment of business combinations are discussed.


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