{"product_id":"business-combinations-with-sfas-141-r-157-and-160-isbn-9780470497555","title":"Business Combinations with SFAS 141 R, 157, and 160","description":"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.  \u003cp\u003eIt 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.\u003c\/p\u003e \u003cp\u003eBusiness 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.\u003c\/p\u003e  About the Authors.  \u003cp\u003eMichael J. Mard, CPA\/ABV, ASA.\u003c\/p\u003e \u003cp\u003eSteven D. Hyden, CPA\/ABV, ASA.\u003c\/p\u003e \u003cp\u003eEdward W. Trott.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003ePhilosophy of Fair Value.\u003c\/p\u003e \u003cp\u003eSFAS 157.\u003c\/p\u003e \u003cp\u003eFair Value Philosophy.\u003c\/p\u003e \u003cp\u003eConvergence with IFRS.\u003c\/p\u003e \u003cp\u003eNorwalk Agreement.\u003c\/p\u003e \u003cp\u003eThe IASB.\u003c\/p\u003e \u003cp\u003eUse of Valuation Specialists by Accountants and Auditors.\u003c\/p\u003e \u003cp\u003eFair Value and SFAS 157.\u003c\/p\u003e \u003cp\u003eScope.\u003c\/p\u003e \u003cp\u003eFair Value Definition.\u003c\/p\u003e \u003cp\u003ePrincipal (or Most Advantageous) Market.\u003c\/p\u003e \u003cp\u003eTransaction Costs.\u003c\/p\u003e \u003cp\u003eTransportation Costs.\u003c\/p\u003e \u003cp\u003eMarket Participants.\u003c\/p\u003e \u003cp\u003eHighest and Best Use and Valuation Premise.\u003c\/p\u003e \u003cp\u003eApplicability to Liabilities.\u003c\/p\u003e \u003cp\u003eEntry Price Versus Exit Price.\u003c\/p\u003e \u003cp\u003eValuation Techniques: Market, Income, and Cost Approaches.\u003c\/p\u003e \u003cp\u003eCost Approach.\u003c\/p\u003e \u003cp\u003eIncome Approach.\u003c\/p\u003e \u003cp\u003eExamples of Present Value Techniques.\u003c\/p\u003e \u003cp\u003eMarket Approach.\u003c\/p\u003e \u003cp\u003eRisk\/Uncertainty Premiums.\u003c\/p\u003e \u003cp\u003eInputs: Observable and Unobservable.\u003c\/p\u003e \u003cp\u003eFair Value Hierarchy.\u003c\/p\u003e \u003cp\u003eInputs Based on Bid and Ask Prices.\u003c\/p\u003e \u003cp\u003eRestrictions.\u003c\/p\u003e \u003cp\u003eStock.\u003c\/p\u003e \u003cp\u003eAssets.\u003c\/p\u003e \u003cp\u003eEvents Subsequent to a Quoted Price.\u003c\/p\u003e \u003cp\u003eSecurities Owned as an Asset and Blockage Discounts.\u003c\/p\u003e \u003cp\u003eDisclosures.\u003c\/p\u003e \u003cp\u003eSubsequent Guidance about SFAS 157.\u003c\/p\u003e \u003cp\u003eEITFs.\u003c\/p\u003e \u003cp\u003eFSPs.\u003c\/p\u003e \u003cp\u003ePreparer’s Guidance Flowchart of SFAS 157.\u003c\/p\u003e \u003cp\u003eSFAS 141R.\u003c\/p\u003e \u003cp\u003eOverview and Objective.\u003c\/p\u003e \u003cp\u003eStatement 141R and IFRS 3 (as revised).\u003c\/p\u003e \u003cp\u003eStatement of 141R Reduces the Volume of US GAAP.\u003c\/p\u003e \u003cp\u003eExpanded Scope of Applying the Acquisition Method.\u003c\/p\u003e \u003cp\u003eTransactions Not Covered by 141R.\u003c\/p\u003e \u003cp\u003eThe Acquisition Method.\u003c\/p\u003e \u003cp\u003eIdentifying the Acquirer.\u003c\/p\u003e \u003cp\u003eDetermining the Acquisition Date.\u003c\/p\u003e \u003cp\u003eRecognition and Measurement.\u003c\/p\u003e \u003cp\u003ePostcombination Expenses (Restructuring or Exit Activities).\u003c\/p\u003e \u003cp\u003eAcquisition-Related Costs.\u003c\/p\u003e \u003cp\u003eDetermining What Is Part of a Business Combination.\u003c\/p\u003e \u003cp\u003ePreexisting Relationships or Arrangement.\u003c\/p\u003e \u003cp\u003eCompensation Arrangements.\u003c\/p\u003e \u003cp\u003eHidden Acquisition Costs.\u003c\/p\u003e \u003cp\u003eClassifying or Designating Assets and Liabilities.\u003c\/p\u003e \u003cp\u003eExamples of Acquired Assets and Assumed Liabilities Initially Recognized at Fair Value.\u003c\/p\u003e \u003cp\u003eAssets.\u003c\/p\u003e \u003cp\u003eLiabilities.\u003c\/p\u003e \u003cp\u003eRecording Assets and Liabilities at SFAS 157 Fair Value Differs from Guidance in SFAS 141.\u003c\/p\u003e \u003cp\u003eExceptions to the Recognition or Measurement Principles.\u003c\/p\u003e \u003cp\u003eAssets\/Liabilities Arising from Contingencies.\u003c\/p\u003e \u003cp\u003eAcquirer Obtains a Reacquired Right.\u003c\/p\u003e \u003cp\u003eShare-Based Payment Awards.\u003c\/p\u003e \u003cp\u003eAssets Held for Sale.\u003c\/p\u003e \u003cp\u003eIncome Taxes, Tax Uncertainties, and Tax Valuation Allowance.\u003c\/p\u003e \u003cp\u003eEmployee Benefits.\u003c\/p\u003e \u003cp\u003eIndemnification Assets.\u003c\/p\u003e \u003cp\u003eAdditional Specific Guidance.\u003c\/p\u003e \u003cp\u003eOperating Leases.\u003c\/p\u003e \u003cp\u003eCapital Leases.\u003c\/p\u003e \u003cp\u003eIntangible Assets.\u003c\/p\u003e \u003cp\u003eIntangible Assets Not Recognized by Acquiree.\u003c\/p\u003e \u003cp\u003eResearch and Development Assets.\u003c\/p\u003e \u003cp\u003eAssets an Acquirer Does Not Plan to Use or Sell.\u003c\/p\u003e \u003cp\u003eRecording the Consideration Transferred to Acquire the Acquiree, Including Contingent Consideration.\u003c\/p\u003e \u003cp\u003eContingent Consideration.\u003c\/p\u003e \u003cp\u003eCalculation of Goodwill and Recording Noncontrolling Interest in the Acquiree.\u003c\/p\u003e \u003cp\u003eGoodwill Calculation in a 100% Acquisition.\u003c\/p\u003e \u003cp\u003eGoodwill Calculation in a Full Acquisition (Acquirer Has an Existing Investment).\u003c\/p\u003e \u003cp\u003eCalculation of Goodwill in a Partial Acquisition and Recording Noncontrolling Interest.\u003c\/p\u003e \u003cp\u003eGain from a Bargain Purchase.\u003c\/p\u003e \u003cp\u003eThe Measurement Period for Recording a Business Combination.\u003c\/p\u003e \u003cp\u003eDisclosures about a Business Combination.\u003c\/p\u003e \u003cp\u003eSelected Disclosure Requirements.\u003c\/p\u003e \u003cp\u003eEffective Date and Transition.\u003c\/p\u003e \u003cp\u003eOther Guidance in Statement 141R.\u003c\/p\u003e \u003cp\u003eSubsequent Guidance about SFAS 141R.\u003c\/p\u003e \u003cp\u003eEITFs.\u003c\/p\u003e \u003cp\u003eStatement 160 and Noncontrolling Interest.\u003c\/p\u003e \u003cp\u003eObjective and Scope.\u003c\/p\u003e \u003cp\u003eDefinition.\u003c\/p\u003e \u003cp\u003eTransactions that Change the Parent’s Ownership Interest in a Subsidiary.\u003c\/p\u003e \u003cp\u003ePurchase of Noncontrolling Interest (Minority Interest).\u003c\/p\u003e \u003cp\u003eReduction in Parent Ownership Interest.\u003c\/p\u003e \u003cp\u003eDeconsolidation of a Subsidiary.\u003c\/p\u003e \u003cp\u003eClassification of Noncontrolling Interest.\u003c\/p\u003e \u003cp\u003eChanges to the Balance Sheet.\u003c\/p\u003e \u003cp\u003eChanges to the Income Statement.\u003c\/p\u003e \u003cp\u003eAdditional Points about Noncontrolling Interest.\u003c\/p\u003e \u003cp\u003eDisclosures about Noncontrolling Interests.\u003c\/p\u003e \u003cp\u003eSelected Disclosure Requirements.\u003c\/p\u003e \u003cp\u003eEffective Date and Transition.\u003c\/p\u003e \u003cp\u003eSubsequent Guidance about SFAS 160.\u003c\/p\u003e \u003cp\u003eComparing SFAS 141 with SFAS 141R.\u003c\/p\u003e \u003cp\u003e(New) SFAS 141R.\u003c\/p\u003e \u003cp\u003e(Old) SFAS 141.\u003c\/p\u003e \u003cp\u003e141R Flowchart.\u003c\/p\u003e \u003cp\u003eCase Study: Determining the Value of Goodwill and Other Intangible Assets in a Business Combination.\u003c\/p\u003e \u003cp\u003eConsideration and Calculation of the Total of Intangible Assets and Goodwill.\u003cbr\u003e Identifying Intangible Assets.\u003c\/p\u003e \u003cp\u003eRemaining Useful Life Analysis.\u003c\/p\u003e \u003cp\u003eBusiness Enterprise Analysis.\u003c\/p\u003e \u003cp\u003eDiscounted Cash Flow Method.\u003c\/p\u003e \u003cp\u003eDiscount Rate.\u003c\/p\u003e \u003cp\u003eValuation of Tangible Assets.\u003c\/p\u003e \u003cp\u003eGeneral Discussion.\u003c\/p\u003e \u003cp\u003eMarketable Securities.\u003c\/p\u003e \u003cp\u003eAccounts Receivable.\u003c\/p\u003e \u003cp\u003eInventory.\u003c\/p\u003e \u003cp\u003ePrepaid Expenses.\u003c\/p\u003e \u003cp\u003eLand and Building.\u003c\/p\u003e \u003cp\u003eMachinery and Equipment.\u003c\/p\u003e \u003cp\u003eOrganization Cost and Existing Goodwill.\u003c\/p\u003e \u003cp\u003eSummary of Values.\u003c\/p\u003e \u003cp\u003eValuation of Intangible Assets.\u003c\/p\u003e \u003cp\u003eRates of Return.\u003c\/p\u003e \u003cp\u003eAcquired Software.\u003c\/p\u003e \u003cp\u003eAmortization Benefit.\u003c\/p\u003e \u003cp\u003eDiscount Rate for Amortization Benefit.\u003c\/p\u003e \u003cp\u003eAssembled Workforce.\u003c\/p\u003e \u003cp\u003eTrade Name.\u003c\/p\u003e \u003cp\u003eNoncompete Agreement.\u003c\/p\u003e \u003cp\u003eTechnology (Existing and In-process) and Customer Relationships.\u003c\/p\u003e \u003cp\u003eThe Multiperiod Excess Earnings Method.\u003c\/p\u003e \u003cp\u003eExisting Technology.\u003c\/p\u003e \u003cp\u003eIn-Process Research and Development.\u003c\/p\u003e \u003cp\u003eCustomer Relationships.\u003c\/p\u003e \u003cp\u003eValuation of Goodwill.\u003c\/p\u003e \u003cp\u003eWeighted Average Return on Assets.\u003c\/p\u003e \u003cp\u003eCase Study Accounting Entry.\u003c\/p\u003e \u003cp\u003eAbbreviated Sample Worksheet.\u003c\/p\u003e \u003cp\u003eSample Balance Sheet.\u003c\/p\u003e \u003cp\u003eCase Study Exhibits.\u003c\/p\u003e \u003cp\u003eOther Discussion Issues.\u003c\/p\u003e \u003cp\u003eFASB’s Valuation Resource Group.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-19 – Impact of Valuing Contingent Liabilities under FAS 141(R) – Gross Versus Net Analysis.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-18 – Fair Value of a Noncontrolling Interest and a Previously held Equity Interest.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-17 – Identification and Allocation of Market Participant Synergies.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-16 – Fair Value of Accounts Receivable, Account Payable, and Other Accrued Liabilities.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-15 – Allocation of In-use Valuation to Individual Unit of Account.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-14 – Fair Value Measurement of Liabilities Under FAS 157.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-13 – Observable Versus Unobservable Inputs.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-12 – Fair Value Disclosures.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-11 – IASB Expert Advisory Panel White Paper.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-10 – Contingent Liabilities.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-9 – Employee Benefit Plans.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-8 – Determining Whether a Discount Should be Applied for a Restriction on Sale.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-7 – Observable versus Unobservable Fair Value Measurements in the Current Credit Environment.\u003c\/p\u003e \u003cp\u003eIssue No 2008-6 – Allocation of Portfolio-based Credit Adjustments for Hedge Effectiveness Testing.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-5 – Fair Value of Inventory.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-4 – Meaning of Legally Permissible in Assessing Highest and Best Use.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-3 – Valuation of Intangible Assets Using “Current Replacement Cost”.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-2 – Customer Relationships.\u003c\/p\u003e \u003cp\u003eIssue No. 2008-1 – Accounting for Assets that the Acquirer Does Not Intend to Use or Intends to Use in a Way Other than its Highest and Best Use.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-16 – Use of Net Asset Value in Fund of Funds Investments.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-15 – Accounting for Held to Maturity Debt Instruments.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-14 – Pension Plan Disclosures.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-13 – Accounting for Transaction Costs in Determining the Fair Value of an Investment.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-12 (to Be Discussed with Issue No. 11) – Adjustments to Level 2 Inputs (Related to Definition of Significant).\u003c\/p\u003e \u003cp\u003eIssue No. 2007-11 (to Be Discussed with Issue No. 12) – Definition of Significant.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-10 – Fair Value of Asset Acquired Through the Highest Bid in Auction.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-9 – Highest and Best Use Land Example.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-8 – Fair Value of a Liability with Third-Party Guarantees.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-7 – Assets without Markets.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-6 – Defensive Value: Accounting Impact of Using Marketplace Participant Assumptions to Measure the Fair Value of an Asset That the Combined Entity Does Not Intend to Use or Sell.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-5 – Determination of Principal Market.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-4 – Elements of Consideration for Determination of “Active Market”.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-3 – How to Factor Liquidity into Fair Value Measures.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-2 – Unit of Account Decomposition of an Asset.\u003c\/p\u003e \u003cp\u003eIssue No. 2007-1 – Fair Value of Mortgage Loans.\u003c\/p\u003e \u003cp\u003eOther Implementation Aids.\u003c\/p\u003e \u003cp\u003eFair Value Measurement Checklist.\u003c\/p\u003e \u003cp\u003ePreparer’s Conclusions Worksheet.\u003c\/p\u003e \u003cp\u003eAcquiree Management Interview – Operations.\u003c\/p\u003e \u003cp\u003eAcquiree Management Interview – Financial Review.\u003c\/p\u003e \u003cp\u003eData Request Related to Intangible Assets Acquired.\u003c\/p\u003e \u003cp\u003eProcedures for the Valuation of Intangible Assets.\u003c\/p\u003e  \"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.\"\u003cbr\u003e \u003cb\u003e–James A. McNulty\u003c\/b\u003e, CFO, BioDelivery Sciences International, Inc.  \u003cp\u003e\"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.\"\u003cbr\u003e \u003cb\u003e–Michael A. Crain\u003c\/b\u003e, Former chairman, AICPA Business Valuation Committee\u003c\/p\u003e  \u003cb\u003eMichael J. Mard\u003c\/b\u003e is one of 11 valuation experts named to FASB’s Valuation Resource Group (the Group). The goal of the Group is to provide input to the FASB board and staff on diversity in practice impacting valuations performed for financial reporting purposes. The Group also includes accounting professionals from Big 4 and second-tier firms, preparers and users in industry organizations, and observers from accounting and other organizations, including the SEC, PCAOB, IASB, AICPA, and Federal Reserve Board of Governors.\u003cbr\u003e After an honorable discharge from the Navy, Mr. Mard returned to college and earned his bachelor’s and master’s degrees from the University of South Florida in Tampa. Mr. Mard started his career with KPMG, was in public auditing for two years, then operational and internal auditing for eight years before becoming the supervising senior auditor for the Kemper Group of Insurance Companies. For the last 25 years, Mr. Mard has been a business appraiser with a broad range of experience from small companies to billion-dollar companies, both private and public.\u003cbr\u003e He is president of The Financial Valuation Group of Florida, Inc., a firm specializing in business valuation, intangible assets, intellectual property, commercial damages and expert testimony. Mr. Mard is widely written and is lead or coauthor on seven books, including books on SFASs 141, 142 and 157. Mr. Mard has testified in court approximately 100 times. He is a CPA, an Accredited Senior Appraiser (ASA) with the American Society of Appraisers, and is Accredited in Business Valuation (ABV) by the American Society of Public Accountants. He can be reached at m.mard@fvgfl.com.  \u003cp\u003e\u003cb\u003eSteven D. Hyden, CPA\/ABV, ASA\u003c\/b\u003e is chief operating officer of The Financial Valuation Group of Florida, Inc. in Tampa, a financial advisory services firm specializing in valuation and litigation services. Mr. Hyden is also managing director of Hyden Capital, Inc., an affiliate providing merger and acquisition advisory services.\u003cbr\u003e Mr. Hyden has coauthored and taught numerous valuation courses, was a guest expert for an AICPA Continuing Professional Education video course series, and worked with the FASB on its project, “Disclosure About Intangible Assets.” He served on the American Society of Appraisers Business Valuation Subcommittee - Valuation Issues in Financial Reporting, and is a member of the Appraisal Issues Task Force. Mr. Hyden is a coauthor of four books, including books on SFASs 141, 142 and 157.\u003cbr\u003e Mr. Hyden has been a full-time business appraiser and expert witness for over 20 years, specializing in intangible assets, including intellectual property. He has developed analyses that have been reviewed and accepted by the Securities and Exchange Commission, major accounting firms, the IRS, and the courts.\u003cbr\u003e Mr. Hyden has a bachelor’s degree in Marketing from Syracuse University and a MBA in accounting from Pace University in New York. He is a CPA, an Accredited Senior Appraiser (ASA) with the American Society of Appraisers and is Accredited in Business Valuation (ABV) by the American Society of Certified Public Accountants. He can be reached at s.hyden@fvgfl.com.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEdward W. Trott, CPA\u003c\/b\u003e, was appointed to the Financial Accounting Standards Board (FASB) effective October 1, 1999, and was reappointed to a second five-year term in 2004. He left the Board on June 30, 2007. Formerly a partner of KPMG LLP, Mr. Trott began his career with the firm in 1968 in Greensboro, North Carolina, and also worked in the firm’s Tampa and national offices during his career. He headed the Accounting Group in the firm’s national office from 1992 to 1999.\u003cbr\u003e Mr. Trott is a former member of the FASB’s Emerging Issues Task Force (EITF) and the Financial Reporting Committee of the Institute of Management Accountants. He has served as a member of the FASB’s Advisory Council (FASAC) and as a member of the American Institute of CPAs’ Accounting Standards Executive Committee (AcSEC).\u003cbr\u003e Mr. Trott earned a bachelor’s degree from the University of North Carolina and an MBA from the University of Texas.\u003c\/p\u003e  \u003cp\u003eBusiness Combinations with SFAS 141R, 157, and 160\u003c\/p\u003e \u003cp\u003eA Guide to Financial Reporting\u003c\/p\u003e \u003cp\u003eTo Be Used in Conjunction with Official Pronouncements SFAS 141R, 157, \u0026amp; 160\u003c\/p\u003e \u003cp\u003eAn essential guide assisting preparers in clearly and concisely documenting the appropriate financial reporting measurements for business combination transactions\u003c\/p\u003e \u003cp\u003eFair value interpretations are complex. Business Combinations with SFAS 141R, 157, and 160: A Guide to Financial Reporting (the Guide) provides you with interpretations of the accounting requirements in a way that allows you to apply them to your specific facts and circumstances:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers specific guidance for determining fair value\u003c\/li\u003e \u003cli\u003eIncludes an SFAS 157 flowchart, a checklist for implementing the standard, and a worksheet for SFAS 157\u003c\/li\u003e \u003cli\u003ePresents specific preparer's guidance on the new requirements for business combinations, including a flowchart of SFAS 141Ra- statement that requires extensive use of fair value measurements\u003c\/li\u003e \u003cli\u003eDiscusses the guidance in SFAS 160, Noncontrolling Interests in Consolidated Financial Statements\u003c\/li\u003e \u003cli\u003eProvides supplemental checklists, such as work programs related to intangible assets\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eBy following the Guide, you will be able to clearly and concisely document to a reviewer or auditor the appropriate financial reporting measurements for a business combination transaction. It equips managers and auditors with an efficient, workable process for recording business combination transactions.\u003c\/p\u003e  \u003cp\u003ePraise for Business Combinations with Sfas 141R, 157, and 160\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e -James A. McNulty, CPA, Chief Financial Officer, BioDelivery Sciences International, Inc.\u003c\/p\u003e \u003cp\u003e\"Through this Guide, valuation experts, auditors, and preparers of financial statements alike will acquire the necessary skills to meet the rigors of FASB's 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.\"\u003cbr\u003e -Donald P. Wisehart, Asa, Cpa\/Abv\/Cff, Cva, Mst, Wisehart, Inc.\u003c\/p\u003e \u003cp\u003e\"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 FASB's 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 company's financial statements to comply with the applicable FASB statements. Recommended unreservedly.\"\u003cbr\u003e -Alfred M. King, Cma, Cfm, Marshall-Stevens, Inc.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988870447333,"sku":"NP9780470497555","price":210.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470497555.jpg?v=1761781853","url":"https:\/\/k12savings.com\/products\/business-combinations-with-sfas-141-r-157-and-160-isbn-9780470497555","provider":"K12savings","version":"1.0","type":"link"}