{"product_id":"m-a-disputes-isbn-9781119331919","title":"M\u0026A Disputes","description":"\u003cb\u003eNavigate M\u0026amp;A accounting arbitrations with insider perspective\u003c\/b\u003e \u003cp\u003e\u003ci\u003eM\u0026amp;A Disputes\u003c\/i\u003e takes you inside the dispute resolution process to help you put together the many \"moving parts\" necessary to obtain a successful outcome. With deep insight from experts in the field—including valuable advice from the arbitrator's perspective—this book guides you through the entire process to explore the variables at work. The high volume of M\u0026amp;A transactions makes post-closing price adjustment provisions and accounting arbitrations a critical part of doing business. Yet, the field is opaque to non-practitioners and important issues can be easily misunderstood without specific knowledge and experience. A resulting award can make or break a transaction; an intimate understanding of the process's inner working can help you plan your position to the greatest advantage. This book explores the many factors that that contribute to a successful resolution across the entire transaction life cycle from contract negotiation through the dispute phase including due diligence, determination of the target net working capital, conception and closing of the purchase agreement, post-closing negotiation and dispute resolution, the impact of accounting practices, guidance, and documentation as well as relevant auditing concepts, and various facts and circumstances surrounding the target business and the transaction that need to be considered.\u003c\/p\u003e \u003cp\u003eM\u0026amp;A volume remains high and continues to result in large numbers of current and future post-closing M\u0026amp;A disputes. Clients rely on their attorneys and advisers to guide them through the process and counsel them toward a positive outcome. Those professionals will find that M\u0026amp;A accounting arbitrations carry a range of distinctions that require a specialized knowledge base to navigate correctly. This book provides real-world guidance from experts in the field, with invaluable insight for every stage of the process.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWalk through the entire dispute resolution process from arbitrator selection through final award\u003c\/li\u003e \u003cli\u003eUnderstand how M\u0026amp;A agreement provisions impact the awarded amount as well as the options available to limit the scope of potential disputes and the \"gaming\" of the post-closing process by the counterparty\u003c\/li\u003e \u003cli\u003eUnderstand the nature of accounting estimates and guidance, their interaction with accounting arbitrations, and how to synthesize facts, circumstances, and GAAP into a persuasive argument to present to the accounting arbitrator\u003c\/li\u003e \u003cli\u003eGet situation-specific advice for different types of transactions\u003c\/li\u003e \u003cli\u003eLearn practitioner \"dos\" and \"don'ts\" from the arbitrator's perspective\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eM\u0026amp;A Disputes \u003c\/i\u003e provides transaction parties and their representatives an inside view at the transaction and commonly disputed items through the eyes of the arbitrator to provide them with uniquely valuable insight.\u003c\/p\u003e \u003cp\u003eIn addition to being an invaluable tool for practitioners appearing before an accounting arbitrator, \u003ci\u003eM\u0026amp;A Disputes\u003c\/i\u003e also provides advice to would-be and experienced arbitrators alike to successfully resolve disputes that can be significant and complex.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbout the Authors xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE The M\u0026amp;A Dispute Framework 1 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Introduction to M\u0026amp;A Disputes 3\u003c\/p\u003e \u003cp\u003eCHAPTER 2 The Post-Closing Adjustment and Dispute Process 14\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Post-Closing Net Working Capital Adjustments 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO \u003c\/b\u003e\u003cb\u003eCore Concepts and Issues 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 4 The Nature of GAAP 43\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Past Practices in Accordance with GAAP 54\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Target Net Working Capital 81\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Transaction-Specific Adjustments 92\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Audited Financial Statements and Auditing Concepts 106\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Subsequent Events, New Positions, and New Information 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE \u003c\/b\u003e\u003cb\u003eThe Accounting Arbitration 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Mitigation of Post-Closing Purchase Price Disputes 135\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Selection and Retention of an Accounting Arbitrator 148\u003c\/p\u003e \u003cp\u003eCHAPTER 12 The Parties’ Initial Submissions 158\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Further Submissions, Proceedings, and Considerations 175\u003c\/p\u003e \u003cp\u003eCHAPTER 14 The Arbitration Award 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR \u003c\/b\u003e\u003cb\u003eThe Disputed Items 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Overview of Disputed Items 205\u003c\/p\u003e \u003cp\u003eCHAPTER 16 Inventory 221\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Accounts Receivable 247\u003c\/p\u003e \u003cp\u003eCHAPTER 18 Contingent Liabilities 267\u003c\/p\u003e \u003cp\u003eCHAPTER 19 Revenue Recognition and Expense Accruals 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE \u003c\/b\u003e\u003cb\u003eOther Topics 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 20 Governing Agreements and Contractual Choices 291\u003c\/p\u003e \u003cp\u003eCHAPTER 21 Interaction with Indemnification Provisions 306\u003c\/p\u003e \u003cp\u003eCHAPTER 22 Other Mechanisms, Earn-Outs, and Locked Boxes 317\u003c\/p\u003e \u003cp\u003eCHAPTER 23 International Considerations 337\u003c\/p\u003e \u003cp\u003eIndex 347\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eVINCENT BIEMANS\u003c\/b\u003e and \u003cb\u003eJERRY HANSEN\u003c\/b\u003e are managing directors of Berkeley Research Group. They assist U.S. and European clients with their M\u0026amp;A disputes. They serve as accounting arbitrators retained jointly by buyers and sellers. They also advise individual parties, whether buyer or seller, during the post-closing negotiation and dispute phases. Their experience spans a wide range of transactions, industries, and deal and dispute sizes.   \u003c\/p\u003e\u003cp\u003eMerger and acquisition (M\u0026amp;A) transactions commonly incorporate contractual post-­closing purchase price adjustment mechanisms. In many instances the post-closing purchase price ­adjustment process is completed smoothly and collaboratively. In other cases, the post-­closing purchase price finalization can lead to disputes between the buyer and the seller that can involve substantial amounts and potentially make or break the deal. Those disputes are often brought before independent accountants for resolution. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eM\u0026amp;A Disputes\u003c\/i\u003e allows you to confidently navigate the post-closing purchase price adjustment landscape with firsthand insights from two highly experienced M\u0026amp;A dispute professionals. The combined expertise of the authorial team quickly brings you up to speed on the post-closing adjustment mechanisms and the dispute resolution process with an easy-to-understand framework before engaging in an in-depth discussion of the various facets of M\u0026amp;A disputes. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eM\u0026amp;A Disputes\u003c\/i\u003e provides a comprehensive walkthrough of the entire M\u0026amp;A dispute resolution process, from selecting an accounting arbitrator through final award. It also provides helpful tips to pre-emptively mitigate and possibly avoid costly breakdowns during the post-closing purchase price adjustment process. Whether you are working in-house or at a professional services firm, its in-depth coverage serves as a road map for achieving optimal results. \u003c\/p\u003e\u003cp\u003eThis go-to reference will remain close at hand because it: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e Brings clarity to core concepts and issues underpinning purchase price adjustment mechanisms and disputes, including the nature of GAAP, the consistent application of historical accounting practices, target net working capital, transaction-specific adjustments, and more\u003c\/li\u003e\n\u003cli\u003e Goes in-depth to demystify what drives disputes in general and provides detailed discussions on common categories of disputes, including inventory, accounts receivable, contingent liabilities, and revenue recognition\u003c\/li\u003e\n\u003cli\u003e Provides practical guidelines for preparing and presenting submissions to the accounting arbitrator, along with an insider’s look at the resolution of such disputes from the arbitrator’s perspective\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eM\u0026amp;A Disputes\u003c\/i\u003e provides the advice, tools, and in-depth coverage that will prove invaluable to the transaction parties, legal counsel, accounting advisors, and would-be or experienced accounting arbitrators.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989546811621,"sku":"NP9781119331919","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119331919.jpg?v=1761784545","url":"https:\/\/k12savings.com\/es\/products\/m-a-disputes-isbn-9781119331919","provider":"K12savings","version":"1.0","type":"link"}