Merger Accounting
Merger accounting refers to how the books are consolidated when two companies combine. Depending on the type of merger, acquisition, or consolidation accountants follow specific standards like purchase method or pooling of interest. It ensures assets, liabilities, and equity are properly valued and represented in the merged financial statements.
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Money Measurement Concept
This accounting concept states that only transactions measurable in monetary terms are recorded in the books. Non-quantifiable events like employee…
Modified Accrual Accounting
Modified accrual accounting blends elements of cash and accrual methods. Commonly used in government and nonprofit entities, it recognizes revenues…
Managerial Accounting
Managerial accounting involves preparing internal financial reports to support decision-making by managers. Unlike financial accounting, which targets external stakeholders, managerial…
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