For investors, a company's financial statements offers insight into the health of the company. Depending on the size of a company and the complexity of its business, the financial statements may be a ...

FASB outlined a major overhaul of GAAP related to mergers and acquisitions when it issued Statement no. 141 (revised), Business Combinations , in December 2007. The standard is effective for fiscal ...

Financial statements present businesses with a broad view of their operational and financial health. Consolidated financial statements provide the same for combined companies as though they were all ...