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A Comparison Of U.S. And Japanese Attitudes About The Relevance Of Current Consolidation Accounting Procedures, James A. Schweikart, Walter F. O'Connor
A Comparison Of U.S. And Japanese Attitudes About The Relevance Of Current Consolidation Accounting Procedures, James A. Schweikart, Walter F. O'Connor
Robins School of Business White Paper Series, 1980-2022
Consolidation accounting has not materially changed since APB Opinions 16 and 18. Only minor changes have been made such as the new rules requiring financial subsidiaries to be consolidated (FAS 94, 1989). The recent trend of mergers and acquisitions, however, represents a significant change in business environment from that which existed when consolidation accounting as we know it was formalized. Accordingly, there is concern that current consolidation practices may be less appropriate or relevant than before.