Evolving standards of fair value and acquisition accounting

Stephen Bryan, Steven Lilien, Bharat Sarath, Yan Yan

Research output: Chapter in Book/Report/Conference proceedingChapter


Many of the new accounting standards that have been enacted over the past two decades have not only impacted accounting on their own but also interacted with the existing standards in unanticipated ways, particularly since many of the new standards require managerial estimates to be incorporated into the financial statements. As an illustration, we focus on the interaction between the adoption of fair value assessments and the use of acquisition method accounting (formerly called purchase accounting). We highlight the unusual effects on goodwill measurement. After explaining why this combination is potentially problematic, we provide examples of how these standards are being implemented in practice.

Original languageAmerican English
Title of host publicationInformation For Efficient Decision Making
Subtitle of host publicationBig Data, Blockchain And Relevance
PublisherWorld Scientific Publishing Co.
Number of pages19
ISBN (Electronic)9789811220470
StatePublished - Jan 1 2020

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)


  • Fair value accounting
  • Goodwill
  • Managerial estimates
  • Statement of financial accounting standards 142


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