merger accounting

merger accounting

the preparation of financial statements according to the provisions of Financial Reporting Standard 6 ‘Acquisitions and Mergers’ 1994. These provisions apply to business combinations which are not the acquisition of one entity by another, but substantially equal partnerships where no one party is dominant.
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Through the end of the third quarter of 2017, exclusive of merger accounting, the combined loan portfolios have grown $75.
UK Gaap allows these to be accounted for using either the merger accounting approach (in which the carrying values of assets and liabilities of the parties don't have to be adjusted to fair value on consolidation) or the acquisition accounting model (whereby the identifiable assets and liabilities of the acquired company are included in the consolidated balance sheet at fair value).
Chairman David Sankey said yesterday that the results, which were based on merger accounting principles that assume it had been in its current structure for two years, were above expectations.
The proposal points specifically to some of the more contradictory outcomes of GAAP accounting, especially evident in light of last year's new standards for merger accounting.
14, 2002, was referred to in an explanatory note, as the merger accounting allowed UFJ Bank to take over only net assets from Tokai.
6, Acquisitions and Mergers, which allows merger accounting to be used only in very rare circumstances, essentially only when it is not possible to say which of the combining parities should be recognized as the acquirer.
On that date, Norwest (through its subsidiary Bettendorf Bank) entered into an agreement to acquire the voting shares of Davenport, if the proposal received regulatory approval and qualified for the desired method of merger accounting and therefore as a tax-free reorganization.
in Memphis, notes that the pending elimination of pooling of interests in merger accounting should generate some acquisition activity.
Book-value-based depreciation often was far less than fair-value-based depreciation under the other merger accounting alternative, the purchase method.
Adjusted diluted earnings per share include a normalized income tax rate and exclude transaction and integration costs, non-cash stock-based compensation arising from the merger, amortization of merger accounting intangible assets and non-recurring other income.
To others, S&P's foray into this arena is liberating--given that accounting rule proposals, such as expensing stock options or eliminating pooling-of-interests merger accounting, have become lightning rods of controversy, and, consequently, political tools for members of Congress.