What Does Merger Mean In Terms Of Accountancy?
When an accountant does a merger, does it mean he or she would do long hours
Other - Business & Finance - 2 Answers
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Answer 1 :
Yes, they could be working very long hours if they are involved in the due diligence part of the merger. Due diligence is when both companies are subject to an evaluation to determine the proper pricing of assets, etc. before all the accounts are merged (if its a true merger).
Answer 2 :
A merger means when two existing companies merge together and become one. Accountants often handle mergers due to the fact they handle all financial transactions the business makes. An example of a merger is Halifax and RBS
Answer 3 :
When Accountants merge accounts it is known as a Consolidation. A Merger is more to do with when one Company buys another and amalgamates it into its own structure.
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