As More Not-for-Profits Acquire and Merge, Accounting Guidance Needed

Portfolio 5203 in BNA's Accounting Policy and Practice Portfolio Series, walks not-for-profit professionals - managers, financial officers, and their financial and legal consultants - through the rigorous M&A accounting process from start to finish.

Coauthors Dominic Daher and Stacy Daher, both of the University of San Francisco, provide sample financial statements, each illustrating how to account for a merger or acquisition under a different method of accounting. They detail how to present the post-merger financial statements and discuss how to account for any acts of goodwill or other intangibles identified through the merger or acquisition.