pooling of interest


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Noun1.pooling of interest - an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free
accounting system, method of accounting, accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
References in periodicals archive ?
Mergers and acquisitions among brokers and agencies are heating up as time runs out to take advantage of the soon-to-expire accounting method of pooling of interest, some industry analysts say.
In order to satisfy certain requirements for pooling of interest accounting, the following unaudited financial information reflects combined net sales and net income for at least 30 days of post-combination operations of the Company and the acquired companies.
Standard & Poor's expects the acquisition, treated as a pooling of interest for accounting purposes, to substantially increase AIG's U.
However, contemplated actions by the Financial Accounting Standards Board to eliminate pooling of interest accounting could have a chilling effect on the high-tech community.
These results include the restatement of first quarter 1994 earnings, which reflects a pooling of interest acquisition that reduced first quarter net income by $1.
This action would have made it impossible to account for the transaction as a pooling of interest, thereby making it impractical to complete.
Catalytica will purchase privately held Wyckoff in a stock-for-stock transaction intended to be accounted for using the pooling of interest method of accounting.
Specifically, the Complaint alleges that the company, under the direction of the individual defendants, issued financial statements that overstated revenues from acquired entities by improperly using the pooling of interest method of accounting.
Historically, two methods have been used to reflect these transactions -- the purchase method and the pooling of interests method -- although under conditions that vary greatly from country to country.
19, 1976), the Financial Accounting Standards Board has issued Statements 141 and 142, doing away with pooling of interests.
The purchase method (popular worldwide) and pooling of interests method are the two methods used for recording business combinations.
PepsiCo said it does not expect to sell additional shares of its Capital Stock in order to achieve the pooling of interests accounting treatment.