On any acquisition process, once due diligence and valuation of acquiree is completed, the process continued to recording (accounting) the acquisition on the company’s book. And this task mostly be conducted by a general ledger specialist. Of course the Controller will want to review this area of accounting, since a mistake here can have a major impact on overall corporate results. The only allowable method used is the purchase method. There are also many situations where a company merely makes [...]