Heads Up: Vol. 12, Issue 5
Construction Ahead: Use Caution When Merging FASB Issues Exposure Drafts in Phase II of Its Business Combinations Project
The current issue of Heads Up covers the two exposure drafts just issued by the FASB:
Business Combinations, a Replacement of FASB Statement No. 141, and
Consolidated Financial Statements, Including Accounting and Reporting of Noncontrolling Interests in Subsidiaries, a Replacement of ARB No. 51
Taken together, these two exposure drafts change profoundly the way companies account for business combinations and minority interests.
Read more below in the attached edition of Heads Up, and visit the Heads Up Archive for past issues.
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