Final Rule
Reconciliation of the Accounting by Foreign Private Issuers for Business Combinations
Overview
The Commission is announcing the adoption of amendments to Form 20-F to streamline the financial statement reconciliation requirements for foreign private issuers that have entered into business combinations. The amendments eliminate the requirement to reconcile to U.S. generally accepted accounting principles certain differences attributable to the method of accounting for a business combination or the amortization period of goodwill and negative goodwill, provided the financial statements comply with International Accounting Standard No. 22, "Business Combinations,' as amended, regarding those items.
Details
File Number
S7-13-94
Rule Type
Final
Release Number
33-7119
34-35095
International Series Release No. 759
SEC Issue Date
Dec. 13, 1994
Federal Register Publish Date
Dec. 20, 1994
RIN
3235-AG16