Publication Date

1-1-2000

Document Type

Dissertation/Thesis

First Advisor

Baker, Richard E.

Degree Name

B.S. (Bachelor of Science)

Legacy Department

Department of Accountancy

Abstract

This paper analyzes and discusses the major issues, benefits, and problems with the recent Exposure Draft, which deals with accounting regulations for business combinations. This Exposure Draft makes several significant changes to Generally Accepted Accounting Principles (GAAP) including the elimination of the pooling-of-interests method and a reduction in the goodwill amortization premium to a maximum of twenty years. Utilized methods include researching the Exposure Draft and several pertinent, outside sources. The majority of sources used for this paper confirm the need to make such changes. Several articles also provide quality arguments against the Exposure Draft, leading the author to agree with the Financial Accounting Standards Board's (FASB) proposal. The Exposure Draft is likely to be passed in its entirety, and with it, disclosure and comparability of financial statements will be enhanced.

Extent

25 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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