Explain why did fasb change the rules

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Reference no: EM13128484

Business combinations historically have been accounted for as either a purchase or a pooling of interests. Now, with SFAS 141(R), the acquisition method is required. Why did FASB change the rules? Did VIEs have a role in that decision?

Reference no: EM13128484

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Explain why did fasb change the rules : Business combinations historically have been accounted for as either a purchase or a pooling of interests. Now, with SFAS 141(R), the acquisition method is required. Explain why did FASB change the rules? Did VIEs have a role in that decision?

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