Reporting Business Combinations: Purchase Method | Accounting

In this article we will discuss about the purchase method adopted for reporting business combinations. The Purchase Method of Reporting Business Combinations (SFAS 141): SFAS 141R replaces SFAS 141, "Business Combinations." Beginning in 2009, the acquisition method will be used to account for new business combinations. However, for decades, most consolidated financial reports reflected the purchase method to account for [...]