Once bitten, twice not shy (the Accounting Standards Committee reexamines goodwill accounting)

Article Abstract:

The Institute of Chartered Accountants of England and Wales developed exposure draft 44 (ED 44) as an attempt to clarify and update accounting for goodwill as stated in Statement of Standard Accounting Principles 22. Strict disclosure rules in ED 44 will help solve the problem of companies understating the fair value of the separable net assets acquired when conducting the fair value exercise. There are questions remaining concerning the value of brand names purchased and the value of the acquired company's customer lists. Many points still need to be addressed.

United Kingdom, Institute of Chartered Accountants in England and Wales, England, Wales, Disclosure statements (Accounting), Goodwill (Business)

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Exposure Draft 48 - February 1990: Accounting for Acquisitions and Mergers

Article Abstract:

The Accounting Standards Committees' February 1990 Exposure Draft (ED) 48: Accounting for Mergers and Acquisitions, is presented. The ED reviews the extant Statement of Standard Accounting Practice 23 and delineates the accounting treatment of mergers and acquisitions. The accounting treatment defines acquisitions and mergers, states when merger accounting or acquisition accounting is to be used, and delineates merger and acquisition methods of accounting for business combinations.

Standards, Acquisitions and mergers, Accounting, Accounting Standards Committee

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