Accounting & Tax

FASB Issues Statements on Goodwill, Other Intangibles

Get the final word on financial reporting for business combinations.
Craig SchneiderJuly 23, 2001

The Financial Accounting Standards Board published Statement No. 141, Business Combinations, and Statement No. 142, Goodwill and Other Intangible Assets on Friday.

Both statements are available via FASB’s Web site or by calling FASB’s order department at 1-800-748-0659.

The hard copy will provide more implementation details, including more guidance, illustrations and basis for conclusion, according to Kim Petrone, FASB project manager for business combinations. For more insight, read “The Goodwill Games: How to Tackle FASB’s New Merger Rules”.

Drive Business Strategy and Growth

Drive Business Strategy and Growth

Learn how NetSuite Financial Management allows you to quickly and easily model what-if scenarios and generate reports.