Every time there's a merger, acquisition, or similar transaction, a
giant pile of new documents descends on the accounting department with
the call to Book That Deal! But the preparers are typically unprepared
to deal quickly and succinctly with the intricacies of fair value.
Business Combinations with SFAS 141R, 157 and 160 is the guidance
desperately needed by anyone who needs to book a new business
combination quickly.
It has been rushed into print to clarify the process under the newly
revised SFAS 141R, and will enable any preparer to document the
appropriate financial reporting measurement clearly and concisely and
apply FASB's interpretations to specific facts and circumstances.
Business Combinations with SFAS 141R, 157, and 160 also includes a SFAS
157 flowchart, a checklist for implementing the standard, a SFAS 157
worksheet, supplemental checklists for intangible assets, and insight
from FASB's Valuation Resource Group discussing some 35 areas of
discussion. It will be an invaluable tool for any preparer.