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.
April 26, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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.
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