The ASC's version of group therapy

Article Abstract:

The Accounting Standards Committee (ASC) has announced it will be drafting new standards concerning the accounting for both goodwill and mergers and acquisitions. The ASC proposes new goodwill rules that will recognize goodwill arising from acquisitions on balance sheets and amortize goodwill. There is still no agreement whether amortization of immediate write-offs is preferable, but amortization is a convenient approach for the ASC as it will bring UK accounting standards into line with international practice. The ASC is proposing to permit merger accounting only when neither party sees themselves as acquired and neither party dominates management. The problem with these criteria is that they are subjective and do not create a satisfactory merger accounting test.

Accounting Standards Committee

---

Head first into the lion's den

Article Abstract:

The Accounting Standards Committee has moved quickly to review two accounting standards that are in need of revision: Accounting for Goodwill (SSAP 22), and Accounting for Acquisitions and Mergers (SSAP 23). However the committee may find that it is easier to identify what is wrong with the standards than to find workable solutions. The purpose of the review of the Acquisitions standard will be to determine the situations in which merger accounting leads to useful information. Related to this problem is the avoidance of recognizing goodwill in merger accounting.

---

Fundamentally impaired

Article Abstract:

The development of UK accounting standards for the intangible assets of a merged business entity is discussed.

United Kingdom, Legal issues & crime, Product standards, safety, & recalls, Government regulation (cont), Government regulation, Accounting Methods, Legal/Government Regulation, Capital funds & cash flow, Intangible property, Intangible assets

Similar abstracts:

• Abstracts: The misty merits of consistency. Sell tale signs. Maths proves difficult
• Abstracts: The stock market valuation of research and develpoment expenditures. The relative valuation of caps and swaptions: theory and empirical evidence
• Abstracts: Changes sweep across lawn and garden industry. Portable power sales curve. Let's beautify America; Lady Bird Johnson renews her plea
• Abstracts: VAT metamorphosis: a horror story. Customs repayments--down to a fine art? VAT partial exemption
• Abstracts: Put your stock in the hands of the right institutional investors. Exchanges of capital offer flexibility, relief

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.