incorporated into the books of the acquirer. The overriding principle of accounting regulation is primacy of economic substance … over legal format. Pursuant to this principle, economic transactions must be recorded in the accounting records in …

The purpose of this paper is to explore, through M&As accounting policies, whether the Japanese adoption of IFRS is … firms’ financial statements. Additionally, Japanese M&A accounting standards still maintain the amortization period within … despite the different accounting policies used. This phenomenon is consistent with the functional fixation hypothesis, which …