Accounting purists shiver at the notion that a new accounting rule would drive new behavior … but they acknowledge it often does. Now new rules for mergers and acquisitions are likely to have some far-reaching consequences for what such deals cost and how they get done.
Gary
“I don’t ever really think accounting is going to kill a good deal,” says Dan Gary, a partner with KPMG’s transaction services practice. “Cash is always one of the most important factors in a deal, if not the most important. This is not going to alter cash flow, so it’s not going to ...