ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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POOLING OF INTEREST METHOD Definition
POOLING OF INTEREST METHOD is an accounting method for reporting acquisitions accomplished through the use of equity. The combined assets of the merged entity are consolidated using book value, as opposed to the PURCHASE METHOD, which uses market value. The merging entities` financial results are combined as though the two entities have always been a single entity. See POOLING-OF-INTERESTS.
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CREDITORS TURNOVER = Average creditors / (Credit Sales / 365).
BEST ASK is the lowest quoted offer of all competing Market Makers to sell a particular stock at any given time.
