FASB Statement Nos. 141 (R) and 160 dramatically change the way companies account for business combinations and minority interests (now “noncontrolling interests”). In addition, the International Accounting Standards Board introduced companion statements in January 2008. Tax executives must make sure they understand FAS 141(R) and FAS 160. Together, these statements can affect acquisitions past, present, and future—dramatically changing the way companies account for future business combinations, minority interests (now “noncontrolling interests”) and, in some cases, they can affect the tax accounting for transactions completed prior to the effective date. Download the full report below to learn more. Related Content
Webcast: Mergers and Acquisitions: Why Tax Accounting Will Never Be the Same Again |
