Reviews"I am pleased to see this publication. Having known two of the authors for many years, and employed their firm on many complex projects in the past, I am confident in their abilities. The intricacies of the topics mandate completeness of coverage in a succinct (impossible to be simple) manner if the reader is to grasp the true value. They've done that here." -James A. McNulty , CFO, BioDelivery Sciences International, Inc. "FASB guidance is not very explicit in telling accountants how to make fair value measurements leaving interpretation up to preparers, auditors, and valuation specialists. In this text, the authors - a former FASB board member and two valuation specialists -- give firms their interpretations of FASB literature of how to make these sorts of measurements to comply with U.S. GAAP." -Michael A. Crain , Former chairman, AICPA Business Valuation Committee
IllustratedYes
SynopsisEvery 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., 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., 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., Praise for Business Combinations with Sfas 141R, 157, and 160 "I am pleased to see this publication. Having known two of the authors for many years and employed their firm on many complex projects in the past, I am confident in their abilities. The intricacies of the topics mandate completeness of coverage in a succinct (impossible to be simple) manner if the reader is to grasp the true value. Theyve done that here." -James A. McNulty, CPA, Chief Financial Officer, BioDelivery Sciences International, Inc. "Through this Guide, valuation experts, auditors, and preparers of financial statements alike will acquire the necessary skills to meet the rigors of FASBs new pronouncements on fair value and business combinations, specifically Sfas 141r, Sfas 160, And Sfas 157. The guide examines these principle-based pronouncements, their particular nuances, and their relationship to one another in a clear and concise manner. Finally, the Guide applies these principles learned to a business combination case study that encompasses the specialized valuation techniques for valuing tangible assets, intangible assets, and liabilities." -Donald P. Wisehart, Asa, Cpa/Abv/Cff, Cva, Mst, Wisehart, Inc. "This Guide will be of immense value to anyone who actually has to perform a Purchase Price Allocation for a business combination. The authors start with the FASBs own statements. They then explain the language in the statements in a way that will allow the reader to meet the actual requirements. With this Guide, the mystery has been removed for preparers of companys financial statements to comply with the applicable FASB statements. Recommended unreservedly." -Alfred M. King, Cma, Cfm, Marshall-Stevens, Inc.
LC Classification NumberHG4028.V3M329 2009