M & A disputes : a professional guide to accounting arbitrations

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- About the Authors -- Part One: The M&A Dispute Framework -- Chapter 1: Introduction to M&A Disputes -- The Transaction Lifecycle -- Categories of Purchase Price Adjustment Provisions -- Accounting Arbitrations versus Expert Determinations -- Overview of the Book -- Note -- Chapter 2: The Post-Closing Adjustment and Dispute Process -- From Closing to Dispute -- The Dispute Resolution Process -- Chapter 3: Post-Closing Net Working Capital Adjustments -- Net Working Capital Estimation and Adjustment -- An Approach to Defining and Quantifying Net Working Capital -- The Demarcation and Quantification of Net Working Capital -- Notes -- Part Two: Core Concepts and Issues -- Chapter 4: The Nature of GAAP -- Background of GAAP -- GAAP Is Not Necessarily Narrowly Prescriptive -- GAAP Is Not a Free-for-All -- GAAP by Itself Is Too Broad for Closing Date Accounting in Many Situations -- Notes -- Chapter 5: Past Practices in Accordance with GAAP -- Past Practices in Accordance with GAAP Does Not Necessarily Narrow Down the Applicable Accounting to a Single Point Estimate for All Accounts under All Circumstances -- Complications of Utilizing Past Practices -- Past Practices Would Violate GAAP -- Consequences of the Application of Past Practices Being in Contravention of GAAP -- Procedural Mitigation of Multiple Potential Outcomes -- Notes -- Chapter 6: Target Net Working Capital -- Approaches to Determining the Target Net Working Capital -- Considerations in Determining Target Net Working Capital -- Consequences of Discrepancies -- Chapter 7: Transaction-Specific Adjustments -- Potential Candidates for Special Treatment -- Considerations in Implementing Custom Provisions -- Chapter 8: Audited Financial Statements and Auditing Concepts -- The Audit of Financial Statements.