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Purchase accounting |
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Purchase accountingMethod of accounting for a merger that treats the merger as having purchased the merger and assumed the merger of the merger, which are then written up or down to their respective fair merger. The difference between the purchase price and the net assets acquired is attributed to merger.Purchase accounting Similar MatchesRegulatory accounting procedures (RAP)Regulatory accounting procedures (RAP)Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. Accounting Standards BoardAccounting Standards BoardUK body that sets accounting standards. A subsidiary body of the Financial Reporting Council. Statement of Financial Accounting Standards No 8Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52. Current cost accountingCurrent cost accountingA system designed to adjust accounting for changes in prices that affect a company's assets. The more usual convention is historical cost accounting. Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Further SuggestionsAccrual Accounting ConventionAverage accounting return accounting reference date Accounting earnings Historical Cost Accounting Convention Accounting liquidity Inflation accounting Cost accounting Growth accounting Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) Replacement cost accounting Accounting insolvency |
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