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of <h1>AS 14: Guidelines for Amalgamations, Goodwill Treatment, and Disclosure Requirements in Mergers and Purchases</h1> Accounting Standard (AS) 14 outlines the accounting treatment for amalgamations, focusing on the handling of resultant goodwill or reserves. It differentiates between amalgamations as mergers or purchases. A merger involves pooling interests, where assets and liabilities are recorded at existing carrying amounts, while a purchase involves recognizing assets and liabilities at fair values. The standard mandates preserving statutory reserves and amortizing goodwill over its useful life. It requires specific disclosures post-amalgamation, including the business nature, accounting method, and any statutory scheme details. Adjustments to consideration based on future events are also addressed.
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