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of <h1>AS 14: Key Accounting Rules for Mergers vs. Purchases, Goodwill Recognition, and Required Financial Disclosures Explained.</h1> Accounting Standard (AS) 14 outlines the accounting treatment for amalgamations, distinguishing between amalgamations in the nature of merger and purchase. A merger involves pooling interests where assets, liabilities, and reserves of the transferor company are recorded at existing amounts by the transferee company. In contrast, a purchase involves recording assets and liabilities at fair value, with any excess consideration recognized as goodwill, which should be amortized over its useful life. The standard mandates specific disclosures in financial statements following amalgamations, including details of the amalgamating companies, the method of accounting used, and any statutory schemes affecting reserve treatment.
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