Accounting for merger mania

Article Abstract:

The trend of mergers and acquisitions will continue in 1987. The job of a controller or CFO in a merger is to ensure that the merger is strategically and financially sound. Sound mergers are those carried out in a cost-effective manner. Hostile takeovers have drawn the most attention and publicity. Still, the majority of acquisition activity is conducted as mergers to strengthen the competitive edge of both corporate entities involved. 1,450 mergers and acquisitions occurred in 1986, with $70 billion changing hands in the related transactions. Changes in the tax laws have eliminated several of the tax breaks associated with mergers. These tax reforms should not deter mergers planned for sound business reasons. It may, however, become more difficult for parties involved in mergers to find ways to structure transactions with minimal tax effects. This means more work for the accountants.

Services, Acquisitions and mergers, Accounting and auditing, Accountants, Powers and duties, Controllership

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Education for careers in management accounting

Article Abstract:

The National Association of Accountants has issued a statement on accounting curricula for management accounting students. The purpose of the statement is to strengthen education programs and to bring them into harmony with The Common Body of Knowledge for Management Accountants. The curricula are divided into three main areas: general education, business education, and accounting education. Descriptions of the recommended coursework for each area are included.

Standards, Study and teaching, National Association of Accountants

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