The consistent theme of the Appraisal Foundation’s exposure draft The Measurement and Application of Market Participant Acquisition Premiums is that acquirers do not value control for its own sake, but rather for the tangible economic benefits that can be achieved by the exercise of control.  Travis W. Harms, Mercer Capital Financial Reporting Valuation Group lead, explains the analyses and discusses his vi ...

The Financial Accounting Standards Board’s (FASB) definition of a business is important when it comes to classifying assets and related expenses.  However, some feel that the FASB’s current definition is ambiguous and can result in inconsistent designations of business or asset status.  Samantha Albert, senior financial analyst with Mercer Capital, explains what is currently happening with the FASB proposed ...