The vote by the Financial Standards Accounting Board (FASB) to eliminate a widely used merger accounting practice in 2001 is expected to accelerate deal-making next year.

But whether the loss of the pooling of interest has any long-term impact may depend on how the FASB treats merger costs, including goodwill, under the alternative purchase-accounting method, and whether Wall Street alters the way it values companies, say lawyers.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]