The typical accountant views the accounting for business combinations with a certain amount of trepidation. This manual reduces the anxiety level by describing all aspects of the associated accounting, including the identification of goodwill, reverse acquisitions, and related disclosures. The manual also notes how to account for a reduced investment in an investee using the equity method. It goes on to discuss goodwill impairment, the consolidation of financial statements, and the steps involved in integrating accounting activities following a business combination. In short, Business Combinations and Consolidations provides a solid toolkit for dealing with the accounting side of mergers and acquisitions.