Volume 7, No. 9

 
Whither Goodwill? Whither Pooling?:  The Financial Accounting Standards Board is tackling a comprehensive overhaul of the way American businesses account for business combinations. So far, there has been much media handicapping of the results - even though the Board has yet to float an exposure draft of any proposed standard. The stakes are high - simply put, this project is the touchiest one the FASB has tackled since their early 1990's attempt to bring some economic reality into stock compensation accounting. What follows is a recap of the Board's progress to date.

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