The fundamentals of accounting for business combinations
The fundamentals of accounting for business combinations

Author(s): Oleksandra Lemeshko
Subject(s): Business Economy / Management, Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: accounting for business combinations; US GAAP; IAS/IFRS; acquisition method;
Summary/Abstract: Currently international accounting for business combinations is considered to be the one of the predominant features of the 21st century economy. In response to such current challenges the aim of the paper consists in an attempt to introduce the fundamentals of US GAAP and IAS/IFRS accounting for business combinations and perform their qualitative comparison. The applied methodology is based on multidisciplinary approach designed for accounting for business combinations. The conducted research indicates that for today the accounting amounts reported under USGAAP and IAS/IFRS in context of accounting for business combinations are considered to be highly relevant and comparable.

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