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Spend some time locating and reviewing articles addressing the implementation of International Financial Reporting Sta...

Spend some time locating and reviewing articles addressing the implementation of International Financial Reporting Standards related to business combinations. What are the "hot buttons" currently being debated in making this transition and how will they be resolved?
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The hot buttons that are currently being debated is with regards to how companies can provide users of financial statements with better information about mergers and acquisitions (i.e. business combinations) at reasonable cost levels. The primary hot button in this regard is for accounting for goodwill after the business combination has been done. Secondly is the hot button with regards to contingent consideration. Any contingent consideration that is included in the purchase agreement has to be included in the purchase price.

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