Beyond EPS - FASB's Latest On Goodwill Gives Hints Of Move Towards `Cash Flow Earnings' -- But Is It Good For M&A? --.NEW YORK--(BUSINESS WIRE)--Sept. 9, 1999-- FASB's recent about-face on the crucial issue of how long goodwill should be amortized may mask mask, cover or partial cover for the face or head used as a disguise or protection. Masks have been worn from time immemorial throughout the world. They are used by primitive peoples chiefly to impersonate supernatural beings or animals in religious and magical a possible shift towards allowing companies to disclose cash flow per share in financial reports, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a PricewaterhouseCoopers analysis. Raymond Raymond, town, Canada Raymond, town (1991 pop. 3,130), S Alta., Canada, SE of Lethbridge, in a sugar beet area. Sugar is refined and honey is produced there. A provincial agricultural college is in the town. J. Beier, U.S. Leader of Structuring Services, and Mark McDade, Partner, at PricewaterhouseCoopers, the world's largest professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization, can speak to: - Why the role of M&A in today's economy clearly influenced FASB's proposed rule change - and how that change would clearly focus attention on companies that pay too much for acquisitions. - How FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). accommodated concerns from management and investors about the impact of the rule change on reported earnings - and why that sidestep side·step v. side·stepped, side·step·ping, side·steps v.intr. 1. To step aside: sidestepped to make way for the runner. 2. advances the cause of cash flow earnings. - Why CFOs remain concerned about the impact of the proposal - and why more changes (or a delay in implementation) are likely before the scheduled effective date of little more than a year away (1.1.01). Beier and McDade can also speak to how these issues relate to: - Ongoing talks regarding International Accounting Standards. - FASB's focus on pooling accounting. - FASB's focus on shorter amortization. PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organization, helping clients worldwide build value, manage risk and improve their performance. |
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