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Future M&A Accounting

Thomson Reuters' Mark Wells explains how the business combinations rule affects balance sheets.

By Staff Writer | Updated on September 02, 2008

In December 2007, FASB issued revised FAS 141R, Business Combinations, which supersedes

FAS 141 and applies to business combinations occurring in annual reporting periods beginning on or after Dec. 15, 2008; early adoption is not allowed. For calendar year-end entities, the guidancebecomes effective on Jan. 1, 2009. Treasury & Risk asked Mark Wells, an executive editor with Thomson Reuters’ tax and accounting group, about FAS 141R and how it affects merger andacquisition activities that will be completed in 2009 or later.

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