合并和收购会计师事务所[文献翻译].docVIP

本科毕业论文（设计) 外文翻译 题 EI 会计师事务所核心竞争力探究 专 业 会计学 夕卜文题目 Mergers Acquisitions of CPA Firms 夕卜文出处 Issue21, p 13-16,l/2p/Joumalof Accountancy March 2009 外文作者 泰伦斯普尼 原文： Mergers Acquisitions of CPA Firms Despite the best intentions of all involved parties, some CPA firm mergers and acquisitions are not as successftil as originally planned; indeed, some end as failures. When viewed in perfect hindsight, it often seems that simple common sense, or lack thereof, was the reason for the success or failure of a deal. Unfortunately, there is no specific formula for structuring a perfect deal, but. a good understanding of the potential hazards relating to the variables involved and planning for the unexpected can help your firm prepare a better deal structure and business plan. This article highlights some of the major reasons deals fail to meet the original strategic, financial, and professional objectives of the combining firms. A companion article in the April issue of the Jo/A will take a closer look and offer guidance for client and staff retention in mergers. The minutiae of certain details have purposely been eliminated as it is rarely the numbers (such as the size of revenue) or a mergers financial terms that cause the failure. The lessons apply to firms of all sizes, whether a small one to two partner firm or a national firm, why some deal fail Affiliating for the wrong reasons. A merger or an acquisition has a major impact on the partners, staff and clients of both firms. The potential MA transaction should ideally result in significant upside or solution to a major problem. Merging to merely reduce overhead in one or both firms (for instance, to fill empty office space, spread technology costs, or utilize excess stafi) is a reason for many mergers, but is often a poor foundation for an affiliation. It would be much less traumatic to just shed the excess costs or to set up a space sharing arrangement between the firms. Sometimes, the misconception that1bigger is better