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.

SPONSORED QUIZ

How well do you know small business?

There are over 30 million small businesses in the U.S., and many of them are optimistic in their outlook. Are you familiar with the obstacles and opportunities they are facing? Test your small business acumen with this quiz sponsored by Chase Ink®.

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.