Extra Credit

BY RICHARD WHITE

Thanks for the great article “Forecasting Post-Combination Earnings” (Dec. 08, page 48). I shared this article with my students from my Consolidation Accounting class at Everest University and my Colorado Tech University Online MBA class. They especially appreciated your detailed Exhibit 2, reporting the forecasted balance sheet of the acquired company, the net increase in assets acquired and net decrease in post-combination pretax earnings over the 10-year period. The details in this exhibit and related notes allowed for further discussion on these items. Students were keen on reconciling and comparing your schedule format to those used in our textbook for both pre- and post-Statement no. 141(R). The additional JofA article resource listing was also very helpful. I encourage other faculty members to adapt this article in the classroom.

Richard White, CPA, MSA, CMA, CIA, CFP, CFM
Orlando, Fla.

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