Nobody downloaded yet

Business Combinations - Essay Example

Comments (0) Cite this document
Summary
a. To date, the FASB and IASB have established that an identifiable intangible asset can be measured reliably and should be recognized separately from goodwill. They also agree that an identifiable intangible asset attained in a business combination should be measured at a current exchange value rather than at an entity-specific value…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Business Combinations
Read TextPreview

Extract of sample "Business Combinations"

Download file to see previous pages According to the FASB's website, this project is being deliberated due to the fact that the guidance provided in Statement 141 is believed to be inadequate or inconsistent with the conceptual framework. Therefore, the focus of this project is the issue of the existing guidance for applying the acquisition method. The primary objective of the project is to create a standard of accounting for business combinations that can be used for both domestic and global financial reporting. The goal is to establish a standard that encompasses a common set of principles and guidance that yields information useful for decision-making. Furthermore, the Boards believe a standard should improve the usability of financial information in regard to business combinations by explaining which assets and liabilities are to be recognized, by requiring that the assets obtained and the liabilities taken on are measured consistently and relevantly, and by ensuring that like events are comparably accounted for via a clearly defined scope of the standard.
The Boards also made an assertion regarding the responsibilities of an acquirer once control of an acquiree is obtained. In addition, the recognition principle, fair value measurement principle, and disclosure principle were confirmed as the main principles for applying the acquisition method.
b. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Combinations Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Business Combinations Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1529131-business-combinations
(Business Combinations Essay Example | Topics and Well Written Essays - 500 Words)
Business Combinations Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1529131-business-combinations.
“Business Combinations Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1529131-business-combinations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Combinations

Business to Business Marketing

...? Business To Business Marketing Introduction Business to Business, also popularly known as B2B, basically refers to the commercial transactions between two organizations. Business to Business marketing is concerned about selling or purchasing of goods or services with a motive to support the operations of other firm or to support production of other firms’ products or even for resale purposes. It is worth mentioning here that an organization which is involved in Business to Business operation produces goods that is further used as the raw materials or helps the other organizations (customers) in their...
4 Pages(1000 words)Term Paper

Business to Business Marketing

.... It is the development of a competitive advantage in a particular brand by a mixture of few key features like combining, bundling and packaging all the prospective features and benefits of a product or service which results a greater customer acceptance. But the customers are not apparent to this fact of change by the time of purchase. The key characteristic of business to business market is giving solution to one business by providing service or may be supplying product by another business to fulfil the profitability motive of both the business. An innovative or effective value addition happens in b2b business by the...
13 Pages(3250 words)Essay

Business to Business Marketing: Triangle Creative Ltd Case

...repeat purchase by the buyers and it is only possible if the seller provides value based services to the customers. The term value became popular in recent days of business marketing and its rational approach has integrated a pluralistic relationship in customer values. Other important relationship variables are satisfaction, commitment and loyalty. These variables have a major impact on the long term relationship building with the customers in B2B. The important key relationship variables which influence a business deal between two business institutions are value, commitment, loyalty, cooperation, and mutual goal. The relationship developed in first business deal by the...
12 Pages(3000 words)Case Study

The Basic Concept of Business-to-Business Marketing

...?Business to business marketing Table of content ………………………………………………………………………………3 Introduction…………………………………………………………………………….3 Nature of the business to business marketing………………………………………….4 Importance of marketing in business organization…………………………………….4 Segmentation of the Business market………………………………………………….5 Business marketing mix………………………………………………………………..6 Product………………………………………………………………………….6 Price…………………………………………………………………………….7 Place…………………………………………………………………………….7 Promotion……………………………………………………………………….8 People…………………………………………………………………………...8 Physical evidence……………………………………………………………….8...
12 Pages(3000 words)Research Paper

Critical Evaluation Of Ifrs 3 In Relation To Clear Reporting Requirements For Business Combinations

...A CRITICAL EVALUATION OF IFRS 3 IN RELATION TO CLEAR REPORTING REQUIREMENTS FOR BUSINESS COMBINATIONS INTRODUCTION IFRS 3 defines a business combination as the bringing together of separate entities or businesses into one reporting entity, and requires the purchase method of accounting to be applied to all such transactions. Business combination is also a term applied to external expansion in which separate enterprises are brought together into one economic entity as a result of one enterprise uniting with or obtaining control over the net assets and operations of another enterprise. There is an increasing trend to...
8 Pages(2000 words)Essay

Three Original Combinations in Retail Markets

...Potential three new original future retail forms or retail combinations yet undeveloped ID 19714 Order No. 288427 [Name] [University Name] [Course Name] [Supervisor] [Any other details] 10 April 2009 Table of Contents: Introduction: In this short essay, the author presents the strategic considerations in retail combinations and three original ideas of retail combinations that are not yet prevalent. In the end, the author has presented few discussion points. Discussion on consumer personalization through viable retail combinations Smith and Agrawal (2000. pp50) presented the key customer orientation factors in retail stores as delivery speed, cost, quality, customization, personal attention... , product variety, etc. These aspects...
5 Pages(1250 words)Essay

Financial Accounting (BUSINESS COMBINATIONS/INTANGIBLE ASSETS/LEASES)

...which could not be separately identified thus it does not meet the definition of AASB 138. b) What is the accounting treatment for goodwill (recognition and subsequent measurement), and for Centro Group what might goodwill represent specifically for Centro Group? Goodwill is recognized under AASB 3 and it arises when a business combines with another business or one of the businesses acquires a controlling interest in any other business. It is recognized by the acquirer as an asset at the date of acquisition. Goodwill is measured as an excess of the cost of business over the net fair value of assets, liabilities and contingent...
4 Pages(1000 words)Essay

The production possibilities frontier represents all combinations of two goods that would be technologically efficient

...Figure presents the initial situation from the text. Figure The initial situation A technological advancement of the pumpkin industry leads to the resources employed in production of pumpkins to be more productive. As a result, the change in the production possibility frontier is as shown in the diagram below (figure 2). Figure 2: The effect of a technological change favoring only the pumpkin industry 2. If there is an expansion in labor that can be used for both industries, then given other resources more of both goods can be produced. Thus, the production possibility frontier will shift outwards. This is shown in the figure below: Figure 3: Effect of expansion in labor force that can be employed in both sectors 3. If a new... presents the...
1 Pages(250 words)Assignment

Application of the color combinations and principles of design

...View of a Town by an Italian artist, Bernado Bellotto is a painting completed in 1780 and he uses a lot of depth creation to show the distance between different points and the background. The images at the background are darker and diminished to show that they are far away from the foreground. The buildings at the foreground have a light beaming on its side depicting a sun’s direction. The entrance at the foreground, however, has a dark shade which makes the viewer understand that there is no light in the tunnel where the fishermen are heading to. The buildings have a green shade on some parts to show that they are ancient and have been there for a long time (Kozakiewicz & Bellotto, p. 31). The running plants dotting some parts... of a Town ...
1 Pages(250 words)Essay

The Effectiveness of Different Lidocaine Combinations

...Pain Management in Dentistry: The Effectiveness of Different Lidocaine Combinations Local anesthesia has been used in the field of dentistry to alleviate, if not to eliminate, pain which is inevitable in many dental procedures most especially in invasive ones. There are several substances used by dentists and dental hygienists in inducing anesthesia. In the United States, the most commonly used anesthetic substance is lidocaine which is delivered through inferior alveolar nerve block (as cited in Kanaa, Whitworth, Corbett & Meechan, 2009). However, the success rate of inducing anesthesia varies to the point that it can go as low as 30% (as cited in Kanaa et al., 2009). In an attempt to increase the effectiveness of...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business Combinations for FREE!

Contact Us