期刊名称：Journal of Alternative Perspectives in the Social Sciences
印刷版ISSN：1944-1088
电子版ISSN：1944-1096
出版年度：2016
卷号：7
期号：4
页码：562-586
出版社：Guild of Independent Scholars
摘要：Purpose: The purpose of the article is to review recent trends as it relates to the USGAAP and IFRS Business Combinations: Phase II.Design/Approach: The researcher utilized a qualitative research method design study and a phenomenological research approach by examining the entity theory and the parent company theory which helps the researcher evaluate the financial statement consolidation under Business Combinations: Phase II.Findings: One of the main findings that two steps exist in the business combinations process. The first step is the acquisition aspect of an entity and the second is the implication of transactional costs. The joint collaboration effort of business combinations brought a higher financial reporting quality measurement and better guidance for accounting provisions (Heffes, 2005). Notably, a group of accounting standards setters known as the FASB, IASB, and International Accounting Standards Committee (IASC) mentioned that business combinations every 10 years was subject to change under the principles-based guidance. Research Limitations: The persisting issue when dealing with business combinations is how to recover and determine the right goodwill amount (Giner & Pardo, 2015). The goodwill impairment loss reported on the income statement provides a separate line item that mostly considers a one-time effect only for future performance. This is a relevant fact that engages the classification of the big bath accounting.
关键词：Business Combinations; Entity Theory; Parent Company Theory; Goodwill; Big Bath Accounting; Intangible Assets; Impairment Assets; Translation of Currency; Amortization; Historical Cost; Fair Value
