09 Apr 2002

The European Federation of Accountants (FEE) has published the results of a study of accounting practices for 96 business combinations in 16 European countries in 1999 and 2000. Using the IAS 22 definition of a business combination, the study examines in detail the following six issues: What is being obtained: shares (in entities) or other assets What is the consideration: transferring shares or other assets The substance of the transaction: an acquisition or a uniting How is it accounted for: purchase, pooling or fresh start Calculation of goodwill Treatment of goodwill The study also examines the accounting standards and regulations for business combinations in 21 European countries. Click for Press Release (PDF 26k).