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of <h1>New Accounting Rules for Amalgamations: Handling Goodwill, Reserves, Mergers, and Purchases Explained in Detail</h1> This standard outlines the accounting procedures for amalgamations, focusing on the treatment of goodwill and reserves. It distinguishes between amalgamations in the nature of mergers and purchases, with specific conditions for each. In mergers, assets and liabilities of the transferor company are combined with those of the transferee company without adjustments, using the pooling of interests method. In purchases, the purchase method is applied, where assets and liabilities are recorded at fair value. Disclosure requirements include details of the amalgamation, accounting methods used, and the treatment of reserves and goodwill. Statutory reserves may retain their identity if required by law.
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