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| Author: | Moehrle, S. R. Reynolds-Moehrle, J. A. |
| Title: | Say good-bye to pooling and goodwill amortization |
| Journal: | Journal of Accountancy
2001 : SEP, VOL. 192:3, p. 31-38 |
| Index terms: | FINANCE FINANCIAL STATEMENTS MERGERS |
| Language: | eng |
| Abstract: | FASB released two standards eliminating both the pooling-of-interests method for business combinations and goodwill amortization. The regulations will focus greater scrutiny on mergers and acquisitions, but despite the publicity, the new accounting methods may not have significant impact on business decisions after all. As of June 30, 2001, FASB changed the rules for the mergers and acquisitions game. Companies no longer may use the pooling-of-interests accounting method for business combinations. Nor will they account for mergers on their financial statements under the traditional purchase method. |
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