Just for nonprofits – Accounting rules change for mergers and acquisitions

Description

Abstract: Those who are considering joining forces with another organization will want to understand the effects of new accounting standards for mergers and acquisitions — and plan their financial strategies accordingly. This article takes a look at Statement of Financial Accounting Standards (SFAS) No. 164, Not-for-Profit Entities: Mergers and Acquisitions, which outlines how to determine if a new business combination is a merger or an acquisition, and addresses the different methods of accounting involved.