A step towards convergence in M & A accounting.(Cover story)

Financial Executive,  April, 2008  by de Mesa Graziano, Cheryl; Heffes, Ellen M.

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Many in the U.S. didn't have a problem with them, yet the business combinations standards have been modified--an early sign of the strengthening trend towards developing a high-quality, global set of accounting standards. Financial Executive and Financial Executives Research Foundation asked several experts to weigh in.

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Had Time Warner Inc.'s $15 billion Adelphia acquisition in 2006 been made under the recently revised accounting rules, Time Warner's financial statement would have looked quite different. Likewise for The Procter & Gamble Co.'s $55 billion-plus ...

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