In any proposed merger or acquisition, the buyer must critically examine the target company's financial statements. But the way financial statements are presented can frustrate a buyer, who needs clear and precise information about the target company. Now the Financial Accounting Standards Board and the International Accounting Standards Board are working on a joint project to improve how financial statement information is organized and presented. The authors look at this work and give some examples of the new financial statement presentations.
|Number of pages||6|
|Journal||Journal of Corporate Accounting and Finance|
|State||Published - Jan 1 2011|