Accounting for Business Combinations.pptVIP

Accounting for Business Combinations Learning Objectives Describe the major changes in the accounting for business combinations proposed by the FASB in June 2005, and the reasons for those changes. Describe the two major changes in the accounting for business combinations approved by the FASB in 2001, as well as the reasons for those changes. Discuss the goodwill impairment test described in SFAS No. 142, including its frequency, the steps laid out in the new standard, and some of the likely implementation problems. Explain how acquisition expenses are reported. Describe the use of pro forma s