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

"At a time when many not-for-profits are coming under siege, mergers and acquisition activity is likely to intensify," says George Farrah, senior tax and accounting analyst with BNA. "The authors explore every likely M&A consideration: from the nature of these not-for-profit business combinations, salient standards, 'polling of interests' and 'purchase' methods of accounting to accounting for goodwill and consolidated financial statements. They even give full examination of the proposed rules regarding financial statement presentations, accounting for goodwill and other intangible assets."