ACC 407 Week 2 Written Assignments Business Combinations

Written Assignment

The Financial Accounting Standards Board (F.A.S.B.) completed its project on Business Combinations: Applying the Acquisition Method in December 2007 with the issuance of two F.A.S.B. Statements: No. 141 (Revised 2007) Business Combinations and No. 160 Non-controlling Interests in Consolidated Financial Statements.

F.A.S.B. Statement No. 141 (http://www.fasb.org/st/summary/stsum141.shtml)

F.A.S.B. Statement No. 160 (http://www.fasb.org/st/summary/stsum160.shtml)

Review these statements and prepare a two- to four-page paper formatted according to APA style summarizing the position of the F.A.S.B. as presented in the two statements, and presenting any implications and issues surrounding Business Combinations.