Accounting for M&A: Uses and Abuses of Accounting in Monitoring and Promoting Merger (Routledge Studies in Accounting)

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Synopsis
Spending on M&A has, in aggregate, grown so fast that it has even overtaken capital expenditure on increasing and maintaining physical assets. Yet McKinsey, the leading management consultancy, reports that "Anyone who has researched merger success rates knows that roughly 70% fail". The idea that businesses might be using huge and increasing sums of shareholders’ money for an activity which more often than not leads to failure calls into question the information on which M&A decisions are based. This book presents statistical studies, case material, and standard-setters' opinions on company accounting before, during and after M&A. It documents the manipulation of annual accounts by acquirers ahead of share for share bids, biased forecasts of post-merger earnings by bidders, and devices to flatter earnings when recording the deal. It explores the challenges for standard-setters in regulating information flows during and after M&A; and for account-users wishing to learn from financial statements how a deal has affected performance. Drawing on a wide range of international examples, this readable book is targeted not just at accounting specialists, but at anyone who is comfortable reading the serious financial press, is intrigued by what is going on in the massive M&A market, and concerned to achieve better informed M&A. As such it might be of particular interest to business executives, lawyers, bankers and investors involved in M&A as well as graduate students interested in researching or learning about the role of accounting in M&A.
Copyright:
2020

Book Details

Book Quality:
Publisher Quality
ISBN-13:
9781000066586
Related ISBNs:
9780429326103, 9780367344832, 9780367344832, 9780367492373, 9780367492373
Publisher:
Taylor and Francis
Date of Addition:
Copyrighted By:
selection and editorial matter, Amir Amel-Zadeh and Geoff Meeks
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Business and Finance, Law, Legal Issues and Ethics
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.
Edited by:
Geoff Meeks
Edited by:
Amir Amel-Zadeh

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