Accounting


For news from the AICPA and state societies, visit www.cpaweb.org , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.
FASB reaffirms its restrictions on how banks can qualify for sale accounting treatment and issues a series of related questions and answers ( accounting.rutgers.edu/raw/fasb/project/125summary.html ).

A new study says FASB’s imminent ban on pooling will make solid balance sheets and abundant cash flows—not high PE ratios—the most powerful bargaining tools in mergers and acquisitions ( www.ml.com/about/press_release/pdf/accounting_overview.pdf ).

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