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The focus of this course is on accounting issues associated with two types of transactions - Mergers and Acquisitions (M&A) and Leveraged Buyouts (LBOs). These transactions represent significant events for the company as well for the economy in general. While the transactions are important the accounting issues associated with them (especially for M&A) are extremely controversial. Accounting rules for both these transactions permit managers some discretion and latitude. Thus, in addition to understanding the accounting aspects of merger and LBO accounting we will also discuss how the impact of accounting affects the decision process of managers as well as analysts and investors. We will also discuss the controversial nature of merger accounting and the evolution of the current standards governing M&A in the U.S. (SFAS 141/142). Prerequisite: Financial Accounting II or currently enrolled in M.S.A. program.
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