Accounting for Business Combinations, Goodwill, and Intangible Assets - the New Rules
The FASB has issued Statements No. 141, Accounting for Business Combinations and No. 142, Goodwill and Intangible Assets. To keep you current on the latest developments in these issues, Andersen prepared an Executive Summary for the CEO/CFO level executive summarizing the new rules and the timing to transition.
You can download a copy of the file by visiting our website http://www.arthurandersen.com/website.nsf/content/ResourcesPSGPublicationsAccountingBusinessCombinations?OpenDocument.
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Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.