Accounting standard 14

AS 14

1. Accounting Standard-14 Accounting For A malgamation S

2. Contents: Definitions Methods of Accounting Types Consideration Disclosures Of AS-14

3. Definitions Of AS-14 Amalgamation Transferor Company Transferee Company Reserve Consideration Fair value

4. Methods of Accounting Of AS-14 Purchase Method. The Transferee company accounts for amalgamation- -by incorporating the assets and liabilities at their existing carrying amo unt O r -by allocation the con sideration to individual identifying assets of the transferor company on the basis of their fair value at the time of amalgamation .

5. 2. Pooling of interest Assets, Liabilities and reserves of Transferor company at their existing carrying amount. If Transferor and transferee company have conflicting accoun ting policies, a uniform set of accounting policies are adopted following the amalgamation.

6. Types Of AS-14

7. Consideration Of AS-14 The consideration for the amalgamation may consist of securities, cash or other assets. A variety of techniques is applied in arriving at fair value. Many amalgamations recognize that adjustments may have to be made to the consideration in the light of one or more future events.

8. Disclosures Of AS-14

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