This is the perfect example of why I sometimes hate this material…and Canadian GAAP (RIP), US GAAP, IFRS, Austrian tax law etc etc…cannot wait for it to unite to the same thing!!!
Anybody know if we actually need to know what the pooling of interest method is for the exam?
Also, what is the benefit of knowing an accounting theory from the past? Please tell me Schweser just forgot to take this out…please hahah