Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Chispas who wrote (17015)	12/30/2001 11:12:47 AM
From: sylvester80	Read Replies (2) of 99280

"Sweeping won't be so easy in the future, alas. Come Jan. 1, more companies will adopt a new rule, called Statement 142, which was approved by the Financial Accounting Standards Board this summer. Under the new rule, companies will periodically test the actual market value of acquired business and assets and account for the differences in value. Under the old rules, goodwill was gradually reduced over time, or amortized, unless the balance got to be so great that there'd be no way to amortize it all. Accounting watchdogs argue that the new provision will allow investors to more accurately gauge a company's finances and will force companies to take charges in a more timely fashion. That is, assuming the tech merger and acquisition market ever comes back, of course." Message 16842428

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