accounting for business combinations example

It is a scientific method of characteristic, recording, measuring, classifying, verifying, summarizing, deciphering and human action monetary data. It reveals profit or loss for a given amount, and also the worth and nature of a firm's assets, liabilities and owners' equity.

Accounting provides data on the

       1.       Resources available to a firm,

2     2.       The means employed to finance those resources

3     3.       The results achieved through their use