IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789811220470_0018.html
   My bibliography  Save this book chapter

Evolving Standards of Fair Value and Acquisition Accounting

In: Information for Efficient Decision Making Big Data, Blockchain and Relevance

Author

Listed:
  • Stephen Bryan
  • Steven Lilien
  • Bharat Sarath
  • Yan Yan

Abstract

Many of the new accounting standards that have been enacted over the past two decades have not only impacted accounting on their own but also interacted with the existing standards in unanticipated ways, particularly since many of the new standards require managerial estimates to be incorporated into the financial statements. As an illustration, we focus on the interaction between the adoption of fair value assessments and the use of acquisition method accounting (formerly called purchase accounting). We highlight the unusual effects on goodwill measurement. After explaining why this combination is potentially problematic, we provide examples of how these standards are being implemented in practice.

Suggested Citation

  • Stephen Bryan & Steven Lilien & Bharat Sarath & Yan Yan, 2020. "Evolving Standards of Fair Value and Acquisition Accounting," World Scientific Book Chapters, in: Kashi R Balachandran (ed.), Information for Efficient Decision Making Big Data, Blockchain and Relevance, chapter 18, pages 525-543, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811220470_0018
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789811220470_0018
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789811220470_0018
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Accounting; Decision Making; Economic Information; Stock Trading; Acquisitions; Mergers; Financing Reporting; Reliable Information; Company Decisions;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • A1 - General Economics and Teaching - - General Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789811220470_0018. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.