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FAS 141 Revised Now Fair Game on CPA Exam

With the coming and going of the April/May 2009 testing window, Financial Accounting and Reporting (FAR) exam takers will now have to tackle SFAS 141(R) – Business Combinations and Consolidations starting on July 1, 2009. With FAS 141(R) many of the key terms have changed and it’s a completely new way of consolidating financial statements.

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