Business Combinations and Its Accounting System

The word “acquisition” at recent times is very familiar amongst people in business world. As more and more companies are entering the market, it has led to a very tight competition among those in the same industry. It reminds me of a popular saying about this modern business competition that state; “If you cannot beat them, buy them!” It is actually obvious that when our attempt to conquer competitors and lead the market could not be accomplished, then integrating the power of two or more companies under one management is a solution.