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To: flyeguy99 who wrote (368)	8/20/2000 7:48:40 PM
From: flyeguy99	Respond to of 100058

More on Pooling of Interest & Business Combinations: Here are the FASB text and the project summary as of July 19th... rutgers.edu Fly

To: flyeguy99 who wrote (368)	8/20/2000 11:09:59 PM
From: theniteowl	Respond to of 100058

Pooling of Interests March article thedailydeal.com June article washingtonpost.com "Pooling lets companies take over rivals without having to amortize, or write off, as "goodwill" the value of various intangible assets--often a large part of the worth of today's knowledge-based companies. Instead, the FASB wants corporations to use "purchase accounting" and take a charge on their reported earnings each year as the value of the goodwill declines. The dispute provides a window on how a seemingly arcane accounting issue might affect transactions at the core of the "new economy" and how a significant part of corporate America is bringing political clout to bear on public and private regulators to protect its advantage. And as more Americans tie their financial future to the stock market, the outcome of these struggles has impact well beyond Wall Street and the professional investing world."