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Image for Accounting for M&A  : uses and abuses of accounting in monitoring and promoting merger

Accounting for M&A : uses and abuses of accounting in monitoring and promoting merger

By: Amel-Zadeh, Amir (University of Oxford, UK)(Edited by) Meeks, Geoff (University of Cambridge, UK)(Edited by)

Part of the Routledge Studies in Accounting series
0367344831 / 9780367344832
Laminated
657.7
20/05/2020
Usually dispatched within 4 weeks
England
24 cm 306 pages : illustrations (black and white)
Postgraduate, Research & Scholarly  Learn More

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 that 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 is concerned with achieving 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.

BIC:

KFC Accounting, KFCF Financial accounting, KFFH Corporate finance, KJMV Management of specific areas

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RRP £120.00
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